BY MAZNI MUSTAFA
IPOH: The National Higher Education Fund
Corporation (NHEFC) is offering a record RM2bil in study loans this year,
said its chairman Datuk Ahmad Husni Hadnazlah.
He said the allocation would be used to
continue financing the fees of students already
enrolled in 18 public universities and nearly 300 private universities and
In addition, he said, over 100,000 new
students were expected to benefit from this year's allocation.
"The RM2bil allocation is the biggest
we have offered since the setting up of the fund
"In the past, the corporation had
allocated only about RM1.5bil yearly," he said yesterday after opening a
state education seminar organised jointly by NHEFC and Perak Foundation.
Ahmad Husni said the amount was
increased this year to ensure all qualified
students would be successful in obtaining loans.
He said at least 40% of students in
public and private institutions of higher learning had taken loans from the
fund, adding that only a small percentage had applications rejected.
The corporation, he added, had taken
steps to prevent disbursement delays by setting up counters in all public
and private universities on registration days.
On repayment, Ahmad Husni said almost
all students were paying according to the loan agreement.
"Although not 100% pay on time, we are
quite satisfied with the repayment rate so far,"
Under the agreement, he said students
were required to start repaying six months after completing their studies,
with payments made over 10 to 20 years.
The Government had agreed to allow
unemployed graduates to delay repayments by up to three years, he added.