By Mr' Phang Koon Tuck

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• By Mr. Phang Koon Tuck

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Increasingly large number of student completing
SPM STPM every day

• The public universities cannot accommodate all
  these students

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Previously, parents send their children overseas
because

• Believe that overseas universities are better
  academically
• Facilities are better compared with local
  institution
• Those who cannot afford overseas education, look
  to local colleges/ universities - as 2nd choice

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Assurance that the above thinking is not correct

• All local private universities of Higher Learning
  are subjected to strict quality control by the
  MOE needs LAN approval and accreditation
• All MAPCU member institutions are thus accredited
• In addition, local institution are charging fees
  which are significantly lower compare to overseas
  colleges/universities. On top of this, the cost
  of living in Malaysia much cheaper, thus the
  overall savings is significant. With USD//AUD
  so high, studying abroad can be 3-5 times more
  expensive.
• Obtain an overseas qualification locally

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These include

• Scholarships/ loans from both the Public and
  Private sections
• Withdrawal from EPF and Sosco
• Unit Trust/ Insurance Schemes for Education
• Bank Loans
• Private Charitable Foundations
• The NSTP-MAPCU Scholarship from member
  invitations
• The Star Education Fund

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Public Sectors

• Perbadanan Tabung Pendidikan Tinggi Nasional
  (PTPTN)
• Malaysian citizen
• Letter of Acceptance from IPTA/ IPTS
• SPM/ STPM results (or equivalent) SPM min with
  3 credits is a must
• Repayment, 6 months after graduation
• Loan from RM2,500 RM16,000 per year of studies

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• JPA
• For studies locally and overseas
• Overseas, 1-2 foundation (local) balance at
  foreign universities
• German Engineering Programme
• - 2 years at PPPITM (Shah Alam)
• - German Universities (overseas)
• MARA
• Loan Scholarships for both local overseas
  study
• State Foundations
• Yayasan Selangor, Johor, Sabah, Pahang, etc

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• Kumpulan Wang Simpanan Pekerja (KWSP)
• Withdrawals from Account II lower of fees or
  available funds in Account II submission via
  Form KWSP 9H (AHL)
• Payment to the Institution (local or foreign)
• SOCSO
• Loan given to dependant children of members

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Private Sectors

• Unit Trust/ Insurance Schemes
• Long term installments, whereby regular payment
  made (minimum 5 years) to build up a fund to be
  used for financing the childs studies
• Bank Loans
• Many local banks have education schemes to
  provide loans to both local and overseas
  institutions
• RHB, Maybank, HSBC, Standard Chartered, etc

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• Private Charitable Foundations/ Corporate
• Many private foundations large and public
  corporation offer scholarships/ loans to finance
  students
• eg Dong Zong/ Gilds Association
• Lee Foundations/ Kuok Foundations
• Shell/ Sime Darby
• Petronas/ Telekom/ Tenaga Nasional

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• NST-MAPCU Scholarship
• For studies in local IPTS
• Academic results
• Extra curriculum activities
• Financially deserving
• Given as a form of Tuition Fee waiver
• 2004 15 institutions offering up to RM2.4
  million in scholarships
• 2005 20 institutions offering up to RM3.0
  million in scholarships
• We advertise this in the Learning Curve that
  appears in the Sunday Times.
• Details are available at our website
  www.studymalaysia.com/mapcu

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• NST-MAPCU Scholarship Awards - Summary of Pledges
  for year 2005

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There is thus a myriad of financial assistance
that students can tap into.

• As Malaysia marches forward to be a Centre of
  Education Excellence, opportunities are plenty
  for our students to participate in this exciting
  and essential journey.

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