Anyone mind explaining how SSPN-i works?
Can add more money ah?

Got highest interest rate is it?

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This post has been edited by iSean: Jun 23 2018, 03:03 PM

PTPTN loan repayments to start when salary hits RM2,000
Melissa Darlyne Chow - November 27, 2018 12:22 PM

https://www.freemalaysiatoday.com/category/...ry-hits-rm2000/

KUALA LUMPUR: Putrajaya has decided to increase the repayment threshold for National Higher Education Fund Corporation (PTPTN) loans from RM1,000 to RM2,000, the Dewan Rakyat was told today.

Deputy Education Minister Teo Nie Ching said this was decided during a Cabinet meeting last Friday.

“For the purpose of reducing the burden of students paying back, the Cabinet, on Nov 23, decided that a 2% wage cut, or RM40, be made as soon as the borrower’s salary reaches RM2,000.

“This cut will increase progressively to 15%, according to the borrower’s monthly wages,” she said in reply to a question by Wong Kah Woh (PH-Ipoh Timur).

Teo (PH-Kulai) also told the lower house that the same Cabinet meeting had decided that the exemption would apply to the middle 40 (M40) group as well as the bottom 40 (B40).

“For students in the top 20 (T20) group who get first-class honours, we hope that since they come from affluent families, they will continue to service their loans,” she added.

In the 2019 Budget tabled earlier this month, the government announced a scheduled repayment scheme of between 2% and 15% of the borrower’s monthly income, applicable to those earning more than RM1,000 each month.

Wong initially asked the ministry to state the number of PTPTN borrowers who had obtained a bachelor’s degree with first-class honours and who had been exempted from repaying their loans. He also asked whether the ministry was willing to extend this exemption to part-time students in recognition of their academic achievements.

To this, Teo said as of October, a total of 53,113 borrowers had been exempted from repaying their loans as they had obtained first-class honours. This involved 37,355 students from public institutions of higher learning and 15,758 students from private institutions of higher learning.

“At this juncture, PTPTN does not plan to extend this to part-time students,” she said, adding that the total amount repaid so far was RM817.75 million.

The change in policy comes on the back of a protest by about 20 students from various local universities, who marched from Universiti Malaya to the Parliament building to protest against the loan repayment schedule announced by the government in the budget.

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Exemption is mostly back!
For B40 & M40

I think it is referring to completion of payment from PTPTN side?


Mine still have one semester.

Update after Completion of Study:


This post has been edited by iSean: Jun 20 2021, 04:55 PM

https://belanjawan2021.treasury.gov.my/manf...ih-ptptnmora-en

https://belanjawan2021.treasury.gov.my/manf...ih-ptptnmora-en

https://www.ptptn.gov.my/penangguhanpkp3.0/
https://www.ptptn.gov.my/faq-bayaran-balik-...n-balik-pkp-3-0

let me upload you a sample letter.
Your parent need to go to those Pejabat Sumpah/Oath Office, pay RM 4-10, and stamp and sign.

This post has been edited by iSean: Aug 18 2021, 06:37 PM


Attached File(s)
 PTPTN_SURAT_AKUAN_template.pdf ( 87.7k ) Number of downloads: 30

Family Income --> Dad + Mom + You = B40 /M40 bracket.
Else you don't apply for a job.

Surat Akuan if you go to Pejabat Sumpah make oath.

I think Uni/College will only help prepare the necessary documents,

This post has been edited by iSean: Oct 17 2021, 06:24 PM

You can try applying your campus one first. Else you apply yourself 😂

Well government alot of garbage slow process, need to kejar them everyday one.

Be very careful here, just fill in your parents "TIDAK BEKERJA", and go to Akuan Sumpah with the template.
You are aiming for PTPTN First Class Exemption or PTPTN Application?

Are you finished with your degree?

For my case I too encounter this weird bug.
By right first class exemption shouldn't need to pay a single cent to all of these insurance things

Same here, I checked not sure is a bug or what from 0.03 to 2.55 per transaction.