SCHOOL & EDUCATION
Qualified SPM leavers may obtain sponsorships in the form of full scholarships, study loans, and financial assistance from government institutions, corporations, foundations, universities, and other organisations. Government Institutions: Public Service Department (JPA): Majlis Amanah Rakyat (MARA): Bank Negara: Corporations: Petronas: Yayasan Khazanah Yayasan Tenaga Nasional: Shell Malaysia: Universities & Others: Multimedia University:
There are several opportunities for scholarships and sponsorships to pursue studies at the Bachelor’s Degree level. Among the available scholarships and sponsorships: Public Service Department (JPA) Majlis Amanah Rakyat (MARA) Central Bank of Malaysia Petronas Yayasan Khazanah Hong Leong Foundation Yayasan Tenaga Nasional Multimedia University
The Skills Development Fund Corporation (PTPK) is an agency under the Ministry of Human Resources (MOHR) established to provide loan facilities for students pursuing skills training at both public and private training institutions. There are two categories of borrowers, namely: School Leavers Repayment begins 6 months after completion of studies Administrative charge of 3% per annum, calculated on a reducing balance basis Maximum repayment period: 120 months, depending on the loan amount Employees undergoing retraining/upskilling (reskilling/upskilling) Repayment begins the following month after completion of studies Administrative charge of 1% per annum, calculated on a reducing balance basis Maximum repayment period: 60 months, depending on the loan amount
The Islamic Skills Training Loan (PLK-i) is a Shariah-compliant financing scheme introduced by the Skills Development Fund Corporation (PTPK) as an alternative to conventional loans. There are two categories of borrowers, namely: School leavers Employees seeking to undergo retraining or skills upgrading (reskilling/upskilling) Among the loan elements: Maximum tuition fees Living allowance of RM600 per month Takaful (Islamic insurance coverage) MBOT (Malaysia Board of Technologists) registration fee Transportation allowance Laptop allowance
MyPerkasa TVET is an online portal/application developed by the Skills Development Fund Corporation (PTPK) to facilitate matters related to TVET financing, such as loan status checks and online repayments. Antara ciri aplikasi MyPerkasa TVET Loan Status Check Borrowers can monitor loan approval status and outstanding balances. Online Payment Borrowers can conveniently make loan repayments online.
Some financial assistance offered to SPM leavers who wish to pursue higher education includes: [accordion] Financial aid from JPA for SPM leavers from low-income families Focus: Diploma and TVET Diploma For students from low-income families in community colleges Conditions: Malaysian citizen Minimum 4 semesters (certificate level) Parents’ gross income RM3,000 and below (no household dependents limit) Students cannot have other sponsorship during programme For students in foundation programmes at Public Universities and 5 selected polytechnics Aimed at B40 and M40 target groups For persons with disabilities registered with JKM and holding an OKU card who are capable of pursuing higher education For students with disabilities enrolled full-time in Special Skills Programmes at selected Polytechnics and Community Colleges
The National Higher Education Fund Corporation (PTPTN) is an agency under the Ministry of Higher Education Malaysia, established on 1 November 1997.Its main purpose is to help Malaysian students finance the cost of studies at both public and private higher education institutions (IPTs). PTPTN also plays a role in promoting a savings culture through the National Education Savings Scheme (SSPN) and managing the repayment of education loans. Advantages of PTPTN loans Interest-free education loan (1% administration fee) Opening of SSPN account online via myPTPTN application Repayment facilities via various channels (online, salary deduction, e-wallet, etc.)