'Untrustworthy' PTPTN borrowers chalk up RM36 bil in unpaid loans — Mahathir

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KUALA LUMPUR (Sept 20): Tun Dr Mahathir Mohamad today lambasted errant borrowers of the National Higher Education Fund Corporation (PTPTN) loans for their untrustworthiness which he said has resulted in unpaid loans totalling RM36 billion. 

The Prime Minister said he was ashamed with this kind of attitude, because the borrowers did not have a sense of responsibility when they were trusted with something.

“Sometimes, we find in Malaysia that people are not so very trustworthy. For example, in order to educate Malaysians, we provide them scholarships, we give money for them to study so that they can earn a better income to improve their lifestyle.

“… they study at universities in the country or abroad on the scholarships we’ve given to them, loans actually, but, unfortunately, when they come back they don’t want to repay the loans.

“We have accumulated RM36 billion in unpaid loans to PTPTN. I am ashamed, but they are not. They are earning an income, they can really pay but they just don’t feel like paying,” he said during the premier lecture at Residensi Universiti Teknologi Malaysia (UTM) here.