Why Do Education Loans Go Unpaid?

Ahmad Yazid Othman, Senior Fellow, Majlis Tindakan Ekonomi Melayu (MTEM)

28-Oct-24 07:45

Pause
Embed

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

Produced by: Jake Lim

Presented by: Wong Shou Ning, Shazana Mokhtar, Keith Kam

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: government, financial wellness

Tags: loan borrowers, nonpayment, education loans, mara, ptptn,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) Co-founders of WonderBrew, Joseph Poh (CEO) and Loke Boon Eng (COO) join us to share their story of transforming a hipster health drink into a mainstream Malaysian beverage.

12:00 PM

Just For Kicks

(REPEAT) The pundits gather around again to discuss English clubs' poor performances in Europe, as well as look ahead to match week 30 of the EPL!

1:00 PM

A Bit of Culture

(REPEAT) Kam and his two guests, Ahmad Yazid and Na'a Murad sit together to talk about life changing events, climbing Mount Everest and James Bond reboot.

2:00 PM

Ringgit & Sense

(REPEAT) Harvindar Singh, Managing Partner of Harvey & Associates talks about individual tax reliefs and tips for filing one's taxes.

2:30 PM

The Property Show

(REPEAT) Sebastian Beltran Cuevas of Verdant Solar explains the costs, savings, and risks of rooftop solar for homeowners.

3:00 PM

Best of The Bigger Picture

(REPEAT) Do you want to be strong or look swole? Do these two always go hand-in-hand? We dive into what building strength means and why it matters for everyone.

4:00 PM

Best of Evening Edition

(REPEAT) The Charm in Malaysia’s Old Flats

5:00 PM

BBC World Service

Tony Juniper, an environmentalist who has worn many hats over the course of his career, speaks to Professor Jim Al-Khalili about his enduring love for nature and hopes for the future.

PROGRAMMES