Only six per cent Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) loan defaulters are blacklisted while 94 per cent are paying up said Umno Youth Chief Khairy Jamaluddin.
Khairy said since 94 per cent were paying back their loans, the opposition's proposal to abolish the loans was based on a very small percentage.
"The procedure to black list the defaulters is not easy but rather a tedious process, including sending reminders and notice of demand and takes about 22 months," he said during a debate with PKR's Director of Strategy Mohd Rafizi Ramli, Tuesday night.
The debate, titled 'Pemansuhan PTPTN & Hala Tuju Pendidikan Tinggi' was aired live by Astro Awani and Bernama Radio24 for 90 minutes while Dr Mazlee Malek acted as the moderator.
Khairy also refuted claims by Rafizi that the loan benefited private and public higher learning institutions.
He said 123,000 students from private higher learning institutions received study loans compared with 76,000 from public higher learning institutions.
Rafizi meanwhile, defended the opposition's call to abolish the PTPTN loan and refuted claims that abolishing the PTPTN loan would result in the country going bankrupt.
He added that Malaysia had the capability and capacity to provide free education.
There were times when there were heated arguments during the debate but both Khairi and Rafizi stood by their own facts and opinion.
-- BERNAMA
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