so far, never seen any lawyer comment on this matter.

can the government really just take the money out of the people's pocket just like that ? poof ?
even though the people are in debt with PTPTN but does that give gov the power to just take the money ?
how does all the paperwork work with the companies ? how do the companies verify the PTPTN claims ?

if this kind of money taking is applicable to PTPTN borrowers.
then it can be applicable to anything owed to the government, from business loans to housing loans issued by the government.
there should be no bias here, since these other borrowers also owe the government money.

they can just cancel all the previous legal agreements ?
there is no clause against this in legal terms ?
would u explain legally how this all works ?

if they can do, then what was the point of signing the loan agreement.
might as well say, this year the interest is 200% annually. and make the borrowers become slaves.

paying faster is bad, if you understand investments.

interesting point, BLR rates adjustable are highlighted in the agreement. PTPTN did not.
there are clauses allowing them to adjust somethings, but directly dipping hands into borrower's pocket is something kinda extreme compared to adjust clauses.

if this was possible, why BN did not do it ? they could gotten more money for Big Mama.

and still some people still take out EPF to repay.

thanks, that was a good explanation on how bloodsucking loans can be.

u do know, getting people to go to tertiary education is in the government's best interest right ?
more tertiary educated people, means more professional workforce which drives the economy further instead all SPM leavers who cannot read english and do maths like, 1+1 =3

if anything, the government should be giving free tertiary education.
but there is a problem, because of the quota system which ensures certain 'people' cannot enter public universities even though they are more than qualified.
giving free education with quota will have problems, because they are churning out graduates who are unable to perform properly in the workforce, thus wasting government money.

people who pay according to original payment plan are not the bastards here. the bastards are those who did not pay.
if anything the financially smarter bastards, are the ones generating the most taxes, since they are hell bent on making more money which cannot escape the income tax system.
everyone looks for financial loopholes everywhere, like u look for ways to get lower payment for your yearly income tax.
since u are so patriotic, you should not claim anything for tax relief, pay the full tax, no need exemptions.

trololololololol

come, let's look the bigger picture.
providing good education is the government's job right ?
more people getting tertiary education is good for the economy right ?
they are more professional and drives the economy more, right ?

so, it is in the government's best interest to make sure that PTPTN continues, so it can continue support to produce more graduates for the country.
now, let us look at why making PTPTN payback a firesale is bad.
first, it will discourage new borrowers, which in turn, reduces the amount of graduates.
less capable workforce for the country means less taxes, and less economy advancement.
second, with this new rule of forced payback in place.
every investor in the world would think, the government can do anything to make its people to pay debts, surely they can amend the public law and screw up private companies to pay debts to banks or the government.

so, now is this the bigger picture ? or we just pay off the PTPTN, then everything else don't matter ?

money do not fall out of the sky, but the way the government is handling the money seems that way.
1) cronyism when selecting suppliers, refer to auditor general report
2) corrupt system in bureaucracy, need to pay for applications to be processed faster.
3) too many public servants, and slow efficiencies.
4) quota system which do not give the best student chances to be get the best education, who later become graduates who contribute to the country,
instead we are sending subpar students to the universities, getting subpar graduates which make everything worse