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EPF way to solve unpaid student loans

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A new solution being proposed is for repayments to be made by tapping into EPF contributions, FMT is told. FMTNews

PETALING JAYA: After months of seeking public feedback on resolving the issue of unpaid student loans, the “best possible solution” has been found to the RM36 billion PTPTN debt mountain.

“It is simply not financially viable to fully execute ; doing so will cost the government tens of billions over the next five years,” said an official in the know about the proposed solution. * For those earning between RM2,000 and RM4,000, a deduction of between 2% and 4% will be made from their combined monthly EPF contribution which amounts to 23% of salary.

 

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