Should PTPTN be abolished - Answer is a definite NO!!

In is important to note that tertiary education is not compulsory. It is a choice. As such, the facilities provided i.e. the universities must be funded by the people that uses them. It is unfair to expect someone else to foot the bill.

Recently, there is a movement that propagates borrowers of the PTPTN higher education loan facility to not repay the loans. This is a blatant disregard of the rule of law and it create dangerous precedent as it makes it morally right to break any contract unilaterally if one party feels like doing so.

I did not take a PTPTN loan. Nevertheless, I do know something about contract law and the way contracts are drafted. I believe every borrower were given the contract to review. Again, there is no compulsion to sign it. A witness is required and as it is a loan, a guarantor is also required to sign it. Once that part is completed, it is then sent for stamping at the Stamping Office.

If the borrower does not want to pay, he or she explicitly goes against the contract. Even if one argues that the contract was erroneous drafted, everyone has the right to get a third party opinion via the court system. The aggrieved party therefore has the right to recover the loan in what ever means stipulated in the contract and allowed under law.

I am a tax payer. Due to my position, I pay at the highest tax bracket and part of my tax is deposited under this scheme for the use of Malaysians wanted to further their education. I see my money as a form of endowment. IT IS NOT A GIFT. Once the current generation has used it to get their education, the money that they repay back into the scheme would then be recycled to the next generation.

Ladies and gentlemen, the next generation will be my kids. I am very angry that a inconsiderate few only thinks about themselves and not the continuation of such benefit to future generations.

The actions of these few makes me bloody mad but at the same time sad. Please stop and think how wonderful it would be that the scheme could slowing grow in value by everyone doing what has been contracted openly earlier. Stop and think if everyone continues to contribute (via taxes or by paying back the loan at a low 1% margin), it will grow so that future generations can also benefit. Stop and think.