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Jakarta Post

Student loan program gets tepid response

  • Made Anthony Iswara

    The Jakarta Post

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Jakarta   /   Tue, August 20, 2019   /  03:23 pm
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Indonesian students pose with gold, silver and bronze medals they won at the 2019 International Biology Olympiad.(www.facebook.com/Kemdikbud.RI/File)

“I would like to give all of you work. And that work is called student loans.” These words were uttered by President Joko “Jokowi” Widodo about a year ago in a meeting with representatives of 114 banks at the State Palace. He urged the local banks to provide student loans to help more Indonesian students to pursue a higher education. The student loan initiative hopes to increase access to tertiary education for high school graduates, part of the government’s comprehensive program to improve the quality of human resources in the country. Several banks have since then responded to the call, offering loans with lenient requirements and loan limits to give high school and university graduates options in higher education. Yet, more than a year later, education-related loans have struggled to gain traction. The managing director of state-owned Bank Tab...