Im rich..

PTPTN was created to help aspiring Malaysian to further their study in local universities.. but it seems most students have misused the fund.. those who have studied in local universities would know what what im talking about. what most students do with their loans every semester is to 1)change to a newer, trendier, hi-tech handphone (and topup too) 2)buy those branded items (shoes,skirts, jeans, handbags, perfume (even employed people cant afford) etc.. 3) go have fun at genting, a farmosa 4)eat at trendy places (kenny rogers, nando etc..to me already trendy, even mcD also) 5)entertainment (mp3/4, handhelds games etc)... 6) ....(you can just add more..dating, movie, blah blah)..

what the money is not used for is
1) buy textbooks
2) buy motivational books
3) attend enhancement course (study, motivation)
4)buy simple present for mum and dad
5) and buy more books

the trend is almost the same in all local private or public higher education institution..

why we should be worried is that these students will one day be amongst us, some will be key decision makers, some senior leaders, and if not all will be mother and father.. the implication is prioritizing... what these student loan holders dont understand is that they are taking loans..and loans is not yours for keeps, but borrowed money..if a person who borrows money, and not feel like he is borrowing, and has been getting them every year for 3-4 years, what would be the end result?
not only that, did you know, most of these loan holders have another access to more money once their loan for a certain semester runs out..which is MBF (mak bapak finance), so they still dont feel the pressure of still owing money (thats why there are a lot of cases friends borrowed from friends, cant pay, and friendship broken..its not that they cant pay, but because they are used to having money being given and are not bothered)... No wonder there are a lot of young people who are bankrupt, because they are used to living on credit...

please and please, if you are a loan holder..that money you are using, you have to pay back, which is usually higher than the amount you borrowed.. for parents, guardian or whoever, teach these loan holders, self management and prioritizing and let them know, the money is not yours and you have to pay it back.. one simple simulation is to create a budgeting scenario for such students.. write down the cost to pay for monthly living..rent for an apartment, bills, topups, shopping, 3 decent meals per day, petrol (or bus/train/lrt rides), study loans, and maybe car or motor loan, and what ever you think is appropriate..so let say for a graduate with a bachelor degree..fresh, if you are lucky you might get 2K (but the majority would be around 1.6K-1.8k, but theres some who are still jobless).. when you calculate that, in the end, you would be living on deficits.. so backtrack, crossing out shoppings, and renting (maybe sharing a flat of 10-20 people), meals are now only cheap food stall, no more phone calls but sms, wake up early morning and take the bus to work..and if theres savings you be lucky.. but what if you want to get married (no wonder people are getting married in their 30s, no money laa), expense will became much higher, babies, children.. yes your paycheck might became bigger (if you are really good)... but are you going to live like that for most of your life? that is the purpose of understanding priority..and it should start before you step into the working world...

so dont waste your ptptn coz no body will P-T (p The eNd) you..