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Author: Wan Saiful Wan Jan Publisher: ISEAS-Yusof Ishak Institute ISBN: 9814881686 Category : Education Languages : en Pages : 41
Book Description
The Malaysian National Higher Education Fund Corporation (PTPTN) was set up in 1997. Since then, it has accumulated a massive debt amounting to RM40 billion in principal plus RM13 billion in interest. All these are guaranteed by the Malaysian government. It is now the biggest provider of student loans in the country and continues to play a very important role in catalysing socio-economic mobility, especially among the ethnic Malays which is the majority community in the country. However, the business model employed by PTPTN is irrational and unsustainable. It borrows from the financial market at, on average, 4 to 5 per cent, and lends to students at 1 per cent. No serious effort has been made to revamp this model, and all public discussions around it have been driven by political populism. The biggest challenge is the low repayment rate. This problem has been ignored because Malaysian politicians of all colours have wanted to maintain popularity. Collecting debt is certainly not popular. PTPTN, under a new leadership since mid-2018, gathered and developed ideas on how to reform their organization. These ideas have been presented to various levels of government, including to the Cabinet in early 2020. PTPTN must be reformed to avoid its debt from inflating further. Whether the Malaysian government has the much-needed political will to push through the reforms is a question yet to be answered.
Author: Wan Saiful Wan Jan Publisher: ISEAS-Yusof Ishak Institute ISBN: 9814881686 Category : Education Languages : en Pages : 41
Book Description
The Malaysian National Higher Education Fund Corporation (PTPTN) was set up in 1997. Since then, it has accumulated a massive debt amounting to RM40 billion in principal plus RM13 billion in interest. All these are guaranteed by the Malaysian government. It is now the biggest provider of student loans in the country and continues to play a very important role in catalysing socio-economic mobility, especially among the ethnic Malays which is the majority community in the country. However, the business model employed by PTPTN is irrational and unsustainable. It borrows from the financial market at, on average, 4 to 5 per cent, and lends to students at 1 per cent. No serious effort has been made to revamp this model, and all public discussions around it have been driven by political populism. The biggest challenge is the low repayment rate. This problem has been ignored because Malaysian politicians of all colours have wanted to maintain popularity. Collecting debt is certainly not popular. PTPTN, under a new leadership since mid-2018, gathered and developed ideas on how to reform their organization. These ideas have been presented to various levels of government, including to the Cabinet in early 2020. PTPTN must be reformed to avoid its debt from inflating further. Whether the Malaysian government has the much-needed political will to push through the reforms is a question yet to be answered.
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education Publisher: ISBN: Category : Federal aid to higher education Languages : en Pages : 116
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education Publisher: ISBN: Category : Default (Finance) Languages : en Pages : 408
Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations Publisher: ISBN: Category : Default (Finance) Languages : en Pages : 892
Author: Ed Slott Publisher: Penguin ISBN: 0525506357 Category : Business & Economics Languages : en Pages : 448
Book Description
AS SEEN ON PUBLIC TELEVISION New for 2021—The complete action plan from Ed Slott, "the best source of IRA advice" (Wall Street Journal), to help you make sure your 401(k)s, IRAs, and retirement savings aren't depleted by taxes by the time you need to use them. If you're like most Americans, your most valuable asset is your retirement fund. We diligently save money for years, yet most of us don't know how to avoid the costly mistakes that cause a good chunk of those savings to be lost to needless and excessive taxation. Now, in the midst of a financial crisis, there is more need than ever to protect your assets. The New Retirement Savings Time Bomb, by renowned tax advisor Ed Slott, shows you in clear-cut layman's terms how to take control over your retirement savings plan. This easy-to-follow plan helps you place your assets to avoid the latest traps set out by congress in addition to any that might be set down the road, so you can keep your hard-earned money no matter what. And, it's fully up-to date with information on the SECURE Act and everything you need to know about how the coronavirus relief bills will affect your savings down the road. This book is required reading for every American with savings and investments who is planning to retire, be it five years from now or fifty.
Author: Ed Slott Publisher: Penguin Group ISBN: 0143138502 Category : Business & Economics Languages : en Pages : 465
Book Description
“This book is required reading.” —Robert Powell, editor of Retirement Daily Whether your retirement dreams are five years away or fifty—the single greatest threat standing in your way is taxes. Unlike losses in the stock market, money lost to taxes never recovers. With untaxed retirement accounts likely to become your largest asset, you face an explosive landscape of costly tax traps, penalties, and a complex maze of rules when it comes time to tap into those savings. Renowned tax advisor Ed Slott returns in The Retirement Savings Time Bomb Ticks Louder with the ultimate guide to reclaim control of your financial future and keep more of your money—no matter what Congress comes up with next. With fully up-to-date information, including SECURE Act 2.0, this book provides an easy-to-follow plan that is an entertaining and informative must-read for any American with a retirement savings account.
Author: Dorling, Danny Publisher: Policy Press ISBN: 1447349083 Category : Social Science Languages : en Pages : 418
Book Description
Inequality is the key political issue of our time. Danny Dorling wrote his seminal work Injustice: Why social inequality persists in 2010, and as an early proponent of rapidly reducing economic inequalities, he is now much sought-after as one of the foremost contributors to the debates surrounding it. Here Dorling brings together brand new material alongside a carefully curated selection of his most recent writing on inequality from publications as wide ranging as the Daily Telegraph, the Guardian, New Statesman, Financial Times and the China People’s Daily. Covering key inequality issues including politics, housing, education and health, he explores whether we have now reached ‘peak inequality’. He concludes, crucially, by predicting what the future holds for Britain, as attempts are made to defuse the ticking time bomb while we simultaneously try to negotiate Brexit and react to the wider international situation of a world of people demanding to become more equal.
Author: Joel Best Publisher: Univ of California Press ISBN: 0520276450 Category : Education Languages : en Pages : 246
Book Description
"Student loan debt in the U.S. now exceeds $1 trillion, more than the nation's credit-card debt. This timely book explains how and why student loans evolved, the concerns they've raised along the way, and how each policy designed to fix student loans winds up making things worse. The authors, a father and son team, provide an intergenerational, interdisciplinary approach to understanding how, over the last 70 years, Americans incrementally, with the best intentions, created our current student loan disaster. They examine the competing interests and shifting societal expectations that contributed to the problem, and offer recommendations for confronting the larger problem of college costs and student borrowing in the future"--
Author: N. A. Barr Publisher: Psychology Press ISBN: 9780415348577 Category : Business & Economics Languages : en Pages : 340
Book Description
Nicholas Barr is the main expert in the funding of higher education in Britain, and has been active both in commentating on the process and in its implementation.
Author: Wan Saiful Wan Jan
Author: Wan Saiful Wan Jan
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Author: 
Author: Ed Slott
Author: Ed Slott
Author: Dorling, Danny
Author: Joel Best
Author: N. A. Barr