Ong Kian Ming: PTPTN loan repayment via income contingent loan method should have been implemented gradually

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KUALA LUMPUR, Nov 2 — DAP’s former Bangi MP Ong Kian Ming said the proposed income contingent loan repayments (ICLR) implementation for the National Higher Education Fund...

Woman gets jail for trying to bribe Singapore’s Changi Airport staff with S$70 to let her board flight without valid visaBangi MP Ong Kian Ming says the ICLR should have been implemented according to those in the larger income brackets and new PTPTN recipients rather than existing ones.

“They could then plan their finances accordingly including servicing their car loans, mortgages and other monthly fixed expenses,” he said in a statement today.Ong, a former PTPTN board member from 2018 to 2020, was responding to Perikatan Nasional parliamentarian Datuk Wan Saiful Wan Jan who hit out at Prime Minister Datuk Seri Anwar Ibrahim over a proposal to collect student loan repayments through automatic monthly salary deductions.

Ong, who credited Wan Saiful for his efforts in improving the corporation’s financial position when he was PTPTN chairman, said the concerns raised on the proposed ICLR’s impact in 2018 were not mainly about the concept itself, but rather its implementation. “This would have meant a big jump in monthly repayments of those earning above RM4000 a month, for example,” Ong said.

 

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Concerns over CLR more about implementation, says ex-deputy ministerOng Kian Ming says income contingent loan repayments for PTPTN borrowers could have been implemented more gradually.
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