- PTPN
Eligibility:
- Admission into approved courses at local public or private universities or colleges must be gained.
- Students are eligible irrespective of the academic performance or financial background.
Recently news has mentioned that PTPTN has cut down loans to IPTA and IPTS up to 15%.So the amount you receive may be affected. However, with an interest of 1%, it is still a go to choice for undergraduates who wants to pursue higher education but does not have the cash.
Loan amount:
RM5,000 per year for a Diploma course and RM16,000 per year for a Degree course (I actually got up to RM32k, so do check with your university)
- MARA
Eligibility:
-Must be a Malaysian citizens with Bumiputera status
-Do not hold any other sholarships
-Annual taxable joint income of the parents or spouses must not exceed RM80,000.
Bumiputera undergraduates usually go dor MARA because Loan covers tuition fees and allowance while also depending on the student’s financial background as compared to PTPTN.
3.KOJADI
There are upto 12 types of loans and schemes under KOJADI and there are mainly for parents under KOJADI to obtain loan for their children
To be eligible:
- The applicant must be a member of KOJADI with a RM100 initial shares.
- The applicant must hold the requisite additional shares ranging from RM500 to RM2,000 shares for each child depending on the loan amount applied for.
- The applicant must nominate a child/nominee under a relevant loan scheme.
- The nominated child/nominee must have gained admission to an approved institution of higher learning locally or abroad.
The loan provided can go up to RM35000
4.MIED
This loan supports students in need. It is preferrable that applicants have obtained admission into TAFE COLLEGE, Seremban and AIMST UNIVERSITY, Kedah.However, it is still no harm for other students to try.
Eligibility:
- Applicants must have at least five credits in the SPM examination and preferably active in extracurricular activities.
- Have gained admission into an Approved Institution for an Approved Course.
Only part of the tuition fees will be paid and it will be directly towards the education institutions. So there will be no allowance for successful applicants.