BFM Podcast
Why Do Education Loans Go Unpaid?
28-Oct-24 07:45
Ahmad Yazid Othman, Senior Fellow, Majlis Tindakan Ekonomi Melayu (MTEM)
According to the Ministry of Rural and Regional Development, some 49% or almost 98,000 active loan borrowers have been blacklisted by Majlis Amanah Rakyat (MARA) for loan defaults. Some 430,000 PTPTN borrowers had also been blacklisted last month for nonpayment, which raises the question: why is the rate of nonpayment of education loans so high? We discuss the symptoms and potential remedies with Ahmad Yazid Othman, Senior Fellow, Majlis Tindakan Ekonomi Melayu (MTEM).
Image Credit: shutterstock.com
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Discussions
Be the first to like this. Showing 5 of 5 comments
Why pay back when you know you can get away with it. Put you in jail, declare you as bankrupt? None of these will take place. Malaysian government just too soft on these defaulters because they are vote bank. Nobody want to be a bad guy. So, how to solve problems.
1 month ago
Taking any kind of LOAN must be repaid.
It is bad habit for not paying back dues.
It reflects poor money management or utter disregard of responsibility.
1 month ago
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