The National Higher Education Fund (PTPTN) may be saddled with RM46 billion deficit by 2020, said Higher Education Minister Datuk Seri Mohamed Khaled Nordin. He said a study was being carried out by the ministry to address the situation and would be handed to the government when it was ready.
“The government will decide on the new format needed for PTPTN to cater to the needs of students,” he told reporters here today.
Meanwhile, Khaled urged private institutions of higher learning (IPTS) to submit their performance records to be evaluated by the Malaysian Qualifications Agency (MQA) starting August.
“This rating exercise is important as IPTS complements efforts to turn Malaysia into an education hub in the region.
“Although their participation is not compulsory, why should they be afraid of being evaluated if they are confident of their standing,” he said, adding that so far 20 IPTAs and 49 IPTS had agreed to take part in the exercise.
Khaled said the key performance indicator (KPI) would be used to monitor the performance of vice-chancellors to determine whether their services should be extended.
He also urged private colleges with low student enrolment to emulate Universiti Kuala Lumpur by merging smaller colleges.
Source: New Straits Times (May 5th, 2009)