Monday, April 16, 2012

Abolishing PTPTN or Abolishing Personal Debts

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Dr M: Abolishing PTPTN may impact education costs

I, like many other parents with their children pursuing tertiary education, have always breathed out a long sigh of relief (albeit not all the way!) when it comes to PTPTN.  It may not actually solve all our children's financial problems in universities of wherever they are doing their tertiary education, but it does alleviate the hardship faced by parents.

Parents may have other financial constraints like many school-going offspring, mortgages plus the rising costs of everything under the sun nowadays!  So, when we hear some inconsiderate people making irresponsible remarks about abolishing the PTPTN we tend to wonder the motive behind such a dramatic statement.

One possible reason that comes to mind, for these people to make such a ludicrous suggestion, is that they themselves are trying to find an easy way out of paying their own PTPTN debt to the government; or if not them, perhaps that of people somehow related to them, like their own offspring and relatives; people who have enjoyed the benefits of this monetary loan by the government, who now sees no actually need for it, except to see it's quick and definite demise (and reap it's benefits yet again!)

But with so many sane people in this beloved country of ours (I guess these PTPTN-naysayers don't love this country that much apparently!) I would expect this ridiculous joke of a suggestion to remain just as it is supposed to be (I hope!) - a joke!


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