Some good news for taxpayers and other honest debtors. PTPTN higher education loan defaulters will now be on a blacklist to be supplied to banks and credit card companies, as reported by The Star.
Not that I'm trying to take credit for this, but this was exactly what I proposed in my Oct 26 posting.
The immediate effect of this move is, the deadbeats will now have a difficult time getting other loans, including car loans, credit cards, mortgages, etc. Hopefully this will put an end to the idea that these loans are "free money", or that paying debts is "optional".
Note: PTPTN stands for Perbadanan Tabung Pendidikan Tinggi Nasional, or the National Higher Education Loan Fund Corporation. It is run by the Public Service Dept (PSD), aka Jabatan Perkhidmatan Awam (JPA).
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