Some 38,000 students nationwide who have defaulted on study loans taken from the National Higher Education Fund Corporation (PTPTN ) will soon face punitive action.
Corporation chairman Datuk Razali Ismail told The Star Tuesday that the defaulters will face repercussions when it goes after them.
“They have failed to respond to our legal notices and [...]

About 30 per cent of student-loan recipients in the previous student-loan programme have defaulted mainly because they cannot find jobs or earn less than Bt4,700 a month after graduation, student-loan fund manager Prempracha Supasamout disclosed.
He said the student-loan programme, which was open to students from low-income families until last year, had approved loans to 2.5 [...]