So a rotten neglected rural school only the problem?
Wait until these rural school kids complete their Form 5 SPM and that’s where the party begins
First, the greedy private kolej came to the rural jungle Dayak schools to promote their Junk Degree program
These greedy private kolej sweet talk the unsuspecting rural students that anyone can get a degree and must get degree for the sake of it
But what these greedy private kolej never told the rural students is that they only wanna trap them with PTPTN Loans for a Junk Degree
Yes PTPTN Loans = Junk Degree
Of course the rural students happy to hear they can get easy money fast approval PTPTN Loan but they just signed their death warrant
And with living allowance included these rural students enrolled into the greedy private kolej Junk Degree Program only to be taught by Crap Standard Lecturers studying Sub Standard Subjects Studies
While the greedy private kolej happy get paid Billions of school fees directly from PTPTN, the rural students sadly only granted Junk Degree and become Jobless Graduate
Their Junk Degree worth nothing as some qualification still not met such as mandatory qualiying exam (Eg.just ask any nurse graduates)
Not enough being a Jobless Graduate and unable to get jobs the rural students slapped with Bankruptcy Order from PTPTN
So that’s how they become: Jobless Bankrap Graduate with only Junk Degree to carry around
Such a loser eh!!
Another sick loser is EPF that give soft loans to PTPTN in Billions every year and EPF call this investment?
What kind of returns expected from investing in study loans junk degree? 5 pct dividend is only EPF can give what crap is that!
The wastage doesn’t stop there just yet
How govt deal with these hundreds of thousands Jobless Bankrap Graduates?
Yes Sir re-training programmes for them and it cost wastage another Billions again!
Billions and Billions and Billions in education wastage!
But to Crony Greedy Private Kolej Owners it is Billions and Billions and Billions of kolej Fees looted for them!
WOW! IS THIS HOW MALAYSIAN EDUCATION SYSTEM WORKS?
IS THIS THE WAY TO ACHIEVE HIGH-INCOME ECONOMY? BY CHEATING OWN STUDENTS TURN THEM AS JOBLESS BANKRAP GRADUATES? BY ENRICHING THE CRONY KOLEJ OWNERS?
MIND YOU THESE FLOOD OF GRADUATES BEING ABSORB INTO CIVIL SERVICE SECTOR NOW YOU CAN SEE HOW IT AFFECT THE QUALITY AND EFFICIENCY OF OUR GOVT ADMINISTRATION AND AGAIN COSTING BILLIONS AND BILLIONS OF SALARY AND PENCEN TO PAY FOR THEM!
TO ALL FOLKS FROM EDUCATION SECTOR THIS IS WHAT OUR EDUCATION SYSTEM ALL ABOUT?
PTPTN LOAN TRAP = JUNK DEGREE = BANKRAP GRADUATE = JOBLESSNESS = CRONY KOLEJ OWNERS GET RICH = BILLIONS OF RETRAINING COST = BILLIONS OF SALARY COST IN CIVIL SERVICE ABSORBMENT ???
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300,000 youths still actively looking for jobs
Malaysia Kini, Saturday, 26 March 2011
Some 300,000 youths nationwide are still actively looking for jobs, says Deputy Human Resource Minister Maznah Mazlan. Some are already employed but are looking for better jobs which offered better pay, Deputy Human Resource Minister Maznah Mazlan said in Jalau, Sarawak today.
She had earlier launched the Meluan state constituency’s Sarawak Youth Carnival 201l at the Meradong/Julau District Council Carpark, aimed at helping jobless youths. “Jobless youths should register online with the jobsmalaysia portal. There are currently about 500,000 vacancies advertised on the website by some 30,000 employers and most of them are in the service and production sector,” she told Bernama after the function.
“Through this free portal, you can search for the job you desire and even apply online if you come across one that interest you. But my advise is for them to check the portal regularly to see if there was response from potential employers or if their applications had been successful.” She said some 3,413 youth in the state had registered themselves with it and up to February this year, some 628 had found the jobs they wanted.
Unemployment at manageable level
On the problem of unemployment among youths in the country she said it was at still at manageable level. She added a small number of them were overly choosy in their preferences based on studies made by local universities on the marketability of their graduates.
“Some shun what they consider lowly paid jobs in relation to their academic qualification. Others want jobs that are available locally and do not want to be transferred to the Peninsular, for instance,” she said. Maznah said under the Tenth Malaysia Plan, the government had set aside RM500 million to train youths in various skills training in over 300 training centres nationwide.- Bernama
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115 loan defaulters charged
by Wong Yeen Fern, Malaysia Kini, Thursday, 22 February 2007
The National Higher Education Fund (PTPTN) will take several thousands of former students to court over their failure to settle their study loans.
Contacted today, PTPTN chief executive officer Yunos Abdul Ghani said these students had not settled their debts despite three legal notices being issued.
“Students from the 1997-2004 batch will face court action for failing to pay their loans following a (third) legal notice being sent to them,” he added.
He said the former students who received the third legal notice were required to settle their debts within two weeks.
Yunos reiterated that those who cannot afford to do so should come forward and explain their situation. He said they should provide valid evidence and logical reasons.
Declare bankrupt
As for those who did not receive the legal notices, he said these students should get in touch with the PTPTN.
“For instance, if they have changed their address, they should have inform us about it, because it is their duty to inform us, if not we will never know,” he added.
He said those who did not receive the legal notices must settle their debts or face legal action as well.
Meanwhile, Nanyang Siang Pau reported yesterday that 115 students had been charged in court over this issue.
Yunos said PTPTN will consider having those who still refuse to pay as being declared bankrupt but stressed that it would be the last resort.
About RM600 million was loaned out to the first batch of students in 1997 and of this only RM270 million has been successfully collected from these students.
As for the overall figures, Yunos said PTPTN is still processing this.
The financial aid programme was established in 1997 and is mainly focused on students who have gained admission to local universities but are unable to further their studies due to financial constraints.
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MTUC queries EPF’s RM2b bailout of PTPTN
by P. Selvarani, Malay Mail, 22 Feb 2005
PETALING JAYA: The Malaysian Trades Union Congress (MTUC) is concerned over the use of the Employees Provident Fund (EPF) to bail out financially-troubled Government agencies and companies.
Referring to the RM2 billion loan from the EPF to the National Higher Education Fund Corporation (PTPTN), MTUC president Syed Shahir Syed Mohamud said the authorities should have employed other ways to resolve the problem without digging into the EPF funds.
“Although the EPF is one of the biggest pension funds in the world, it should not be used as a cash cow to bail out financially troubled Government agencies or companies.
“While we sympathise with the students who need financial aid, it is the responsibility of the Government to find the money to help finance their education,” Syed Shahir told The Malay Mail yesterday.
“They should have another mechanism to deal with the problem of non-payment of loans and not turn to the EPF to bail the PTPTN out.”
The New Straits Times had on Saturday reported that the PTPTN had to borrow RM2 billion from the EPF in 2003 to provide loans to students.
PTPTN chief executive officer Datuk Othman Jusoh had said this was because students were not repaying their loans.
He also said the organisation had not received any allocation from the Government since 2003.
It was reported earlier that graduates owed the Government more than RM7 billion. As of Dec 31 last year, the PTPTN had only collected RM93 million.
The MTUC also questioned the terms on which the loan was given.
“RM2 billion is not a small sum. We want to know at what interest rate the loan was given. What guarantee is there the loan would be repaid considering that the PTPTN has admitted that it does not have the money and has difficulty recovering the loans from students.
“The Government has also stopped its allocation. What are the chances of the EPF getting its money back? We are concerned about this,” Syed Shahir said.
He said this was one of the reasons the MTUC was asking the EPF to be transparent in its dealings, especially pertaining to its investments and “unrealised losses”.
“Everything must be above board. If they can prove that after investing the money in a proper way, they still cannot get good returns, that’s fine, we can accept it.
“But if they used it to bail out companies and agencies, that is not acceptable,” he said.
The MTUC general council, which met on Sunday, is also seeking higher representation in the EPF board.
It wants half of the 20-member EPF board to be worker representatives.
Currently, there are only five worker representatives on the board – four from the MTUC and one from Cuepacs.
The rest of the board comprises five representatives from the employers, five from the Government, three investment experts, the chairman and the CEO of the EPF.
“Right now, the composition of the board does not reflect the representation of the contributors. As the bulk of the contributors, the workers should have a bigger role in the decision-making process of the fund,” he said.