Shocking Treatment Indeed..
I am not referring to the 3-day shock treatment waiting for wannabe doctors who have applied for the PSD scholarships. Maybe they should also test them after sleep deprivation periods.
Those who want to become doctors must really have the passion and the drive to succeed. I pity those children who have been pressured to study medicine by parents who do not know better. I have a daughter who has just completed her medical studies and I am glad that we did not pressure her into that discipline.
What I am concerned is how did the PSD decide to give 75% discount to scholars who have taken loans and deprive others when the government cannot afford to give loans to everyone who needs it.
It seems the PSD had taken the soft option to reduce the task of recovering the loans from recalcitrant borrowers.
If the discount is to be offered, it should be a long-term plan known to all borrowers before they start the course and to encourage the students’ success, the discount should be an incentive to study smart.
For example:
First Class Honours 50% discount
Second Class Upper 30% discount
Second Class Lower 10% discount
Whatever the result, loan recovery procedures should be in place within 2 months of a scholar returning to Malaysia so that the studies of new borrowers are not jeopardised by the lack of funds.
The PSD should not be given the authority to simply write off loans via unauthorised discounts.
It should be interesting to find out how many millions are being lost each year via this exercise.
photo:http://www.lightstalkers.org/images/LS/photos/5973.jpg
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