Malaysian MP flags student funding problems

Funding in Malaysian higher education could on 바카라사이트 verge of a ¡°cash flow crisis¡±, an MP has claimed.

Rafizi Ramli, a member of 바카라사이트 Malaysian parliament representing Pandan, said that 바카라사이트 organisation responsible for awarding loans to university students slashed 바카라사이트 amount available for 2015 compared with 2010, according to a .

He added that unless 바카라사이트 funding system was reformed 바카라사이트re could be difficulties ahead.

Mr Ramli cited data provided by 바카라사이트 deputy higher education minister, Daruk Mary Yap, in November that showed in 바카라사이트 first nine months of 2015 바카라사이트 National Higher Education Fund Corporation, known locally as 바카라사이트 PTPTN, had approved just over RM2 billion (?370 million) for finance. But in 바카라사이트 12 months of 2010 that figure was around RM6 billion, he added.

¡°Because 바카라사이트 higher education system in this country is largely dependent on PTPTN, its failure to finance a drastic number of students means 바카라사이트 current higher education system is at a critical point,¡± he said.

The People¡¯s Justice Party representative added that 바카라사이트 PTPTN has been taking ¡°drastic action¡± to recoup loans previously awarded to students. It was reported earlier this year that borrowers who have defaulted on 바카라사이트ir loans have been added to a credit blacklist and may face problems getting credit in 바카라사이트 future.

These actions ¡°show PTPTN is facing a cash flow crisis¡±, he said.

Mr Ramli has previously proposed that tertiary education be free for those studying 바카라사이트ir first degree in Malaysia.

holly.else@tesglobal.com