Coordinating Minister For Human Development And Culture Supports Students To Pay Lectures With Loans, OJK Opens Voice

OJK Chairman Mahendra Siregar (Photo: Maria Trisnawati/VOI)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority, Mahendra Siregar, opened his voice regarding the statement by the Coordinating Minister for Human Development and Culture (PMK) Muhadjir Effendy who supported students to take advantage of online loan suits (pinjol) to pay tuition fees.

Mahendra said, currently the government is exploring the possibility of developing the right loan system for students. This policy reflects the experience of other countries that have implemented similar policies that provide low-interest loans for students to finance their tuition fees.

"The nature is long-term with a long deadline because they wait for their students to graduate first and then they can pay back and then with a interest rate that is not high. This understanding is being investigated by the government to allow this," he told VOI when met at the Fairmont Hotel, Friday, July 5.

According to him, this is quite different from the general structure of loans that have been known to the public, such as the structure of loan requirements and the framework of loan time.

Regarding cooperation between universities and loan providers, Mahendra continued, this does not require supervision and licensing from the OJK.

"Supervision continues. But if the implementation is left to the decisions of each party, either in terms of the company or from the borrower," concluded Mahedra.

Previously, the Coordinating Minister for Human Development and Culture stated that his support for students to take advantage of loans to finance tuition fees during the loan used was not detrimental.

"Anyway, we have to support the good initiative to help with the difficulties of students, including the principal as long as it is official and can be accounted for, transparent, and certainly does not harm students, why not?" he said at the DPR RI Building, Tuesday, July 2.

Muhadjir said that currently there are universities in Jakarta that have used this facility.