CCRIS vs PTPTpu

Photo credit from Mat John's FB page

There has been a highly talkable debate over the issue of graduates who have yet to pay their PTPTN loan to be listed into Bank Negara's CCRIS system. This announcement was made by the 2nd Education Minister, Datuk Seri Idris Jusoh couple of days ago in order to encourage the graduates to do their payment. With this enforcement, Bank Negara will have the access to asses prospective borrower's financial profile. Dalam bahasa melayunya, ini akan menyukarkan si peminjam untuk membuat permohoan/urusan bank untuk urusan yang berbeza (car, house, personal loan).

His statement received numerous of responds as this issue went viral minutes after his announcement. Some were good tapi yang lebih banyaknya adalah dengan membantah. Yang lebih menyakitkan hati when comments were made by those who didn't go to the Public University for their higher education and obviously not a PTPTN borrower. Tapi bila buat statement, mengalahkan penasihat Perdana Menteri. Cakap macam dia tahu segalanya.

This is just my personal point of view as I believe that I am eligible to make comment as

1. I am religiously paying my PTPTN debt
2. I went to the Public University for my higher education

And I strongly believe that PTPTN is not doing a good job handling this whole process.

Yes, as an adult we are responsible to our own debts. And I believe that every graduates are very much thankful to PTPTN for giving them the opportunity to further their studies. After all, we are not the children of some Datuks or Tan Sris that can afford our own education fund to study at some private unis/colleges or even abroad. And for that, thank you PTPTN. Also, I strongly believe that the borrowers are also been paying their debts just that not consistently. Kalau tak bayar, tak kanlah PTPTN dapat collect some millions of ringgit every year.

Yang menjadi persoalannya, adalah comment daripada sang "cendiakawan" yang cakap bungbang bungbang menagalahkan menteri.

If you have been receiving PTPTN yearly statement, you'll notice the high (%) of service charge that has been charged to you monthly that caused more that your actual loan amount. Furthermore, you have been charged the certain (%) of interest on top of your loan amount into the account. And if you remember profoundly, some (%) of interest has been also charged to you even before you received your loan. So, si pandai cediakawan, bukankan ini riba? And tolonglah PTPTN, your are charging the borrowers more that what they should pay which I think is unfair. We are getting less amount of money but we have to pay double from what we borrowed. Ape nih? Riba close to 100% you are taking from your borrowers and that is why some of them decided not to pay or stop paying because even after making monthly payment, the amount does not reducing at all!

And please, when some of the non-borrowers made comments like "oh, dulu hidup mewah dengan PTPTN tapi bila kena bayar, cakap tak ada duit". I seriously feel like slapping their face. Pleaselah! You were lucky that your dad were the one paying for your education. Some of us are not that lucky enough to be born rich. So keep your comments to yourself. 

If you ask UM, USM (and I think UKM too) students, the PTPTN money that they received sometime is not even enough to pay their semester's fee. They have to add in their own money to pay the fees. You know how I know? I am those who have to fork my own pocket money to pay the fees on top of receiving the PTPTN yang tak cukup tu. Not that I'm not thankful, I am! And that is why I am so angry when I saw those stupid comments from people who does not know the head and tale of PTPTN and their process. Yes, if you ask students from UITM (sorry to say lah ye. Jangan terasa pulak), their course fees are way cheaper than those who studied at UM/USM/UKM hence why sometime you see some students living a luxurious life with their PTPTN money.

But hey, some people struggle to pay their PTPTN debt ye!

Oh, satu lagi. PTPTN is nothing like house/car loan. At least yearly you get to see the deduction of your car loan unlike PTPTN yang tak nampak pon hasil menolakan. Jadi, awas ye dengan setiap kata-kata.

With this, I would like to suggest to PTPTN to re-look on their policy or at least, stop charging us the monthly service charge yang melampau itu or else you will keep on having graduates who will never going to pay their loans.

Sebab tak ikhlas nak kasilah orang jadi tak ikhlas nak bayar hence the repayment rate will be lower each year.

Yesterday, they announced that the parliament has agreed not to proceed with this idea as it will effect the graduates especially those who just graduated or still looking for a job.

After all, with the promotion of 20% deduction if one pay total lump sum is a very good offer. Why change?