The Role and Benefits of Ptptn Student Loans

A good solution to default repayment in PTPTN student loan is to educate graduates to plan their financial. There is little evidence of conscientiously counseling students about the implications and responsibilities of their loans, either before the borrowing, during the university years, or just before departure when the repayment obligation should begin. Graduates should have the habit of prepare monthly budget and allocate a specific amount for loan repayment. In this way, they will not feel so pressure when the time is due to repay the loan.

The attitude towards PTPTN loan repayment of graduates should be corrected too. Many graduates think that it is not wrong not to pay back the money it borrowed from the country. In fact, it is wrong. The government needs the money so that it can provide more education loan to students who are preparing to pursue tertiary education in the country. The selfish mind set of many graduates nowadays must be corrected not only through government effort, but also effort from parents. Parents play an important role to instill good characteristics in a child. They should teach their children about the responsibilities of paying/giving back what they have borrowed from the country/someone else. This characteristic should be planted firmly in a child’s mind starting from young. Graduates should feel obliged to pay back the student loan for the sake of future students who want to pursue higher education.

One of the PTPTN loan repayment methods is salary deduction and the agency/agent to collect is the Inland Revenue Board (IRB). The salary deduction method should be set as the main channel to repay the loan. The loan repayments are collected by the employer at the point of wage or salary payment – just as employers are expected to collect pension contribution or withhold income taxes. Such mandatory employer collection is withheld (collected) by the employer along with mandatory income tax withholding and pension contributions....