How much funding does PTPK currently manage for student loans?

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PTPK Manages RM100 Million in Funds for Student Loans

The Skills Development Fund Corporation (PTPK) currently manages RM100 million in funds, all of which are provided as loans to students. The Ministry of Human Resources (Kesuma) is in the process of seeking feedback from other ministries on a proposal to shift this financing model from loans to grants. This initiative aims to alleviate the financial pressure on students enrolled in Technical and Vocational Education and Training (TVET) programmes.
Current Financing Structure

PTPK's existing operational model involves disbursing RM100 million in funds exclusively as loans to students pursuing vocational training. This loan-based system has been the established method for financing these educational pathways.
Proposal for Grant-Based Financing

Kesuma is actively exploring the conversion of PTPK financing from its current loan structure to a grant system. This proposed change is intended to ease the financial burden on students, particularly after they have completed their studies.
Cabinet Consideration Pending

The proposal to transition PTPK financing to grants requires approval from the Cabinet. Kesuma has prepared an initial document outlining the proposal and is currently gathering views and feedback from other ministries before it can be formally presented for consideration.

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How much funding does PTPK currently manage for student loans?

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