The National Higher Education Fund Corporation (PTPTN) was established under the Perbadanan Tabung Pendidikan Tinggi Nasional Act 1997 (Act 566) came in force on 1st July 1997. PTPTN begins its operations on 1st November 1997 at Wisma Chase Perdana, Off Jalan Semantan, Damansara Heights, Kuala Lumpur.
- To manage funds for tertiary education purposes and collecting repayments of funds;
- To provide and manage education savings schemes; and
- To perform such other functions as a conferred on PTPTN by any written law.