Who to blame?
Thursday, February 24th, 2005 | 12:48 am @ SK
“Lack of proper system” - main reason on why students decided to defer the loan-repayment, according to Hafizah Kamaruddin of Bernama.
Difficulty in contacting PTPTN staff for information on loan repayment and lack of payment methods are among the concerns.
While some are seriously putting real effort into seeking ways on how to service back their loans, some gave lame excuses.
“Being unemployed”, “too burdensome”, “unprepared yet” are among the groused heard.
Well, let us take a ride back.
First thing first, before students signed the contract, every rules and regulations, terms and conditions had been made known to them, including on how much they need to do installment after a certain period starting from their graduation date. They should have known and realised that they must be held accountable once the signatures are on the black and white agreement.
And also during that time, no one is complaining though. Everyone seems like commending PTPTN for understanding their plights.
Now, they are turning their back on PTPTN, complaining donkey and monkey though!
Definitely, there is neither any arguement nor any issue can be arisen pertaining to that.
Simple, some common sense, ask yourself: Can you raise those complaints to the banks where you signed the loan agreement but not able to pay back the installment or loan within the stipulated time? Read more …
“Unemployed lah, how to pay?”“Too burdensome lah, how to pay?”
“Unprepared yet lah, how to pay?”
Say it to the bank and see how do they deal with you? Will they plead you to pay? Will they think of a way for you on how to pay? Will they induce you to pay, just like what you do to your love one?
Yes, it’s very much agreed that students’ mentalities and attitudes are part to blame for that RM9 billion deficit, undenieable though.
But really, aren’t PTPTN themselves are the root of evils?
As a creditor, they should have gone after those debtors fast and furious to recover the loans, just like how the normal banking practise works.
Anyone who breach the contract, legal punishment must be meted out immediately.
However, before those actions come into picture, a thorough study into new and more convenience re-payment methods must be conducted. Serious attention should be given on how to come out with a resilient re-payment period too, if this can help solve some of the real concerns among the students.
After all, who to blame when the lender don’t really show that kind of enthusiasm towards Ringgit Malaysia (RM) sign?
February 24th, 2005 at 2:19 am
As funny as it sounds, the “Unemployed lah. How to pay?” is actually the best argument I’ve heard.
Seriously, if the govt wants graduate to pay, and yet they can’t even feed themselves because they have no job and are still taking money from parents… what can the govt do?
Perhaps the govt should only start seeking loan repayments when graduates are gainfully employed. The downside to this argument is that I can see University fees increase as a result of this implementation.
February 24th, 2005 at 2:31 am
My sis who graded in 1997 also never start repaying her loan yet, no letter no updates no statement, what also don’t have …
Not sure though, maybe I’m expecting too much on government to practise like a banking instituition since government role is to help those needy one.
But, what if this promoting fresh grad to unemployed for life so that they may not even be seen repaying their loan for life too.
I hope I’m making sense here.
Good night.
February 24th, 2005 at 8:47 am
what about this… grace period of say…2 years? then go on hard on ‘em!
2 years should be adequate time for someone to find a job
February 24th, 2005 at 9:40 am
If the government can’t have strict rules and enforcements like the banking instituitions over their finance and treasury, how, can I expect them to make good use of the income tax which, we pay for?
Debt management and forecasting, again. They need this, very badly.
If they are capable of making a near RM10 billion deficit, would you be amused by the way they use the taxpayer’s money?
February 24th, 2005 at 10:20 am
killarkai: It’s being drag further on to pay after three years, starting from the graduation date. Anyway, I’m not sure whether the old batch of loan defaulters would benefit from it though.
jaywalker_82: It’s good now you know how the taxpayer money goes to? Amusing lah, but what can we do?
February 24th, 2005 at 2:46 pm
While I do know of some genuine cases where the defaulters were in genuine hardships, my advice to the ones I know was to address the problem by seeing the relevant parties and explaining the issue. Some just did not want to go without a viable plan of alternative payment, citing waste of time, which I also understood.
What I did not understand is a few chaps, driving Waja’s and living in condos, living the Yuppie dream at popular nightspots, not paying up.
One person I knew is not ‘employed’ but does get some income from the ‘gray zone’ by helping his relative, a ‘freelance’ despatch servicing law office’s, people like me who mostly worked from home and needs to send someone to collect volumes of stuff and the likes. I think it’s been a year since he started and has enough to buy a second hand superbike, and recently holidayed in Bali with an ‘acquintance’.
But how to pay? Unemployed what. While mismanagement is present (if it wasn’t I’ll be surprised!), but some people are just taking advantadge.
February 24th, 2005 at 3:08 pm
i also one of the loan defaulters. Before this I really didn’t had any stable job until August 2004 where I’ve been accepted as system administrator. From then, I try to contact PTPTN to pay for the loan. I got the responds, “You must go to PTPTN HQ”. Can’t PTPTN make the method more easier instead going to PTPTN HQ? Like opening counter at Penang at certain date, then at Alor Setar, then Ipoh and etc. Some people really want to pay the loan because we know that’s the taxpayers money.
February 28th, 2005 at 2:38 pm
After reading a lot on the PTPTN issue, there is two main arguement going around, ONE it’s the government fault, TWO it’s the defaulter or the society at large.
Now look, who’s fault? Really think about it, ain’t it is just the same ball but both are looking at the opposite side.
Why are you not paying? Ask yourself, look deeper, don’t just look on the surface, what is going on in your mind, what feeling are you getting.
Uncomfortable? Why? Do you really care, serious, really really care to pay back, or just another excuse coz it is lean? Try not paying your car loan? We are all looking at the fact that the problem is out there, “No, it’s his fault”, “I’m right and your wrong”. They don’t pick up the phone. They are not efficient. But what are you gonna do about it.
Paying or not paying is another issue, but just imagine, living your life in denial, everything that happen that is not going right is someone’s fault. You blame someone else, blame the world, blame the insect. You justify. What kinda of life you’re will be living? All the time you are giving your rights to something out there. “Look, he really make me sick”. In this situation, who holds the power? Ain’t all of us are giving our rights to someone else including myself at times. Successful people don’t blame. They tell themselves, how can learn from this. If you don’t say “Yes, it’s my fault”, you will never learn. What else is there to learn if someone else has the power over the situation. Same applies here to the defaulter and also the goverment.
I remember this quote from a book (can’t remember which), if you’re not proactive, you’re reactive. So are you being reactive or proactive here? Think about it?
If you wanna know whether you’re truly congruent with your words that you say or you are just justifying or blaming, before you say anything, check your thoughts. What is the underlying thought, (eg: happy, love OR anger, fear, jealousy)?
So what have you been doing about yourself today? Reacting again or being proactive.