Loan applicants for Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) are required to open an account with Skim Simpanan Pendidikan Nasional (SSPN) with minimum saving of RM20 starting next year.
Higher Education Minister, Datuk Seri Mohamed Khaled Nordin said the condition was imposed to encourage saving culture among the public in preparation for their children studying in institutions of higher learning (IHL).
For record, SSPN started in 2004 and was made required for PTPTN applicant in 2008. The requirement was canceled in 2009 to 2011 due to system problems.
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