National Higher Education Fund (PTPTN) chief Wan Saiful Wan Jan has apologised for failing to deliver on Pakatan Harapan's promise to defer repayments from borrowers earning less than RM4,000 a month.

Wan Saiful said they were unable to do so because of the country's debt situation, and because funds are needed to provide loans to new students.

"I want to apologise to all of you and the people. Many asked for Harapan to postpone PTPTN payments for those earning less than RM4,000...