KUALA LUMPUR: Masterskill Education Group Bhd says it will not be affected by the National Higher Education Fund Corp’s (PTPTN) proposal to restrict loans if it is approved.
“Masterskill University College of Health Sciences is not involved and thus we will not be affected by the PTPTN move to stop providing loans for the expenses of students,” the group said in an email reply to The Edge Financial Daily.
“Masterskill students are only given RM45,000 [in loans by] PTPTN, and this only covers the tuition fees.
“As such, we will not be affected by this proposal,” said the group, adding that the proposal would affect universities or colleges that receive loans of RM60,000 from PTPTN.
The statement was made after speculation the education group will face headwinds if the proposal is approved, especially since its enrolment is already showing signs of decline.
CIMB Research, in a report released earlier this week, has cut its FY11 to FY13 student numbers forecast for Masterskill by 1% to 5% to between 17,000 and 19,000.
It expects student growth to be 6% to 7% (compared with 8% to 9% previously) for the next three years.
This article appeared in The Edge Financial Daily, November 10, 2011.
“Masterskill University College of Health Sciences is not involved and thus we will not be affected by the PTPTN move to stop providing loans for the expenses of students,” the group said in an email reply to The Edge Financial Daily.
“Masterskill students are only given RM45,000 [in loans by] PTPTN, and this only covers the tuition fees.
“As such, we will not be affected by this proposal,” said the group, adding that the proposal would affect universities or colleges that receive loans of RM60,000 from PTPTN.
The statement was made after speculation the education group will face headwinds if the proposal is approved, especially since its enrolment is already showing signs of decline.
CIMB Research, in a report released earlier this week, has cut its FY11 to FY13 student numbers forecast for Masterskill by 1% to 5% to between 17,000 and 19,000.
It expects student growth to be 6% to 7% (compared with 8% to 9% previously) for the next three years.
This article appeared in The Edge Financial Daily, November 10, 2011.
