KUALA LUMPUR: There is no justification for the Government to abolish and write off National Higher Education Fund Corporation (PTPTN) study loans as students use around 70% of the loan on personal expenses, said Datuk Dr Wee Ka Siong.
The MCA Youth chief, who is also Deputy Education Minister, said many students used only around 30% of their loan to pay for their school fees.
"After the Government's 90% subsidy, their school fees amount to less than RM2,000 a year. The PTPTN loan might be from RM8,000 to RM10,000 a year,"
he told reporters after the party's central committee meeting at Wisma MCA here Friday.
Dr Wee said the remainder of the money was used for personal expenses such as food and entertainment, including dating and watching movies.
He said the Opposition's proposal to scrap the PTPTN was a "political gimmick" to win over young graduates who are a voter group in the upcoming elections.
"We must, objectively and pragmatically, produce a responsible younger generation," he stressed.
He said it was fine for any party to ask for more Government subsidies in terms of schooling, but not abolish the PTPTN.
"We cannot use populist approaches. If we do, it might help certain parties, but create difficulties for others," he said.
Dr Wee also urged Opposition leader Datuk Seri Anwar Ibrahim to explain his model for abolishing the PTPTN after the latter said earlier that he would try to do it without using national funds.