Little-Known Financial Aids (Aside From PTPTN) That Can Help Fund Your Education
11 Apr 2017

Little-Known Financial Aids (Aside From PTPTN) That Can Help Fund Your Education

Let’s face it, not everyone can secure a scholarship. However, at the same time, you don’t want to burden your parents with tuition fees. PTPTN is a popular option and can be helpful, yet it’s not ideal. After all, you don’t want to step into your tertiary education with a humongous debt.

The good news is that there are many other bursaries and financial aids aside from PTPTN that are available to you. Here’s a comprehensive list of some lesser-known financial aids and how you can apply for them.

#1. Bantuan Kewangan Asasi

What It Is

Funded by the Ministry of Higher Education (MOHE), Bantuan Kewangan Asasi is a financial assistance offered to all SPM leavers who enrol in Asasi (foundation) courses at public universities in Malaysia. Available for all students regardless of income level, this aid amounts to approximately RM1,000 per semester.

What You Need To Know

  • Applicable for approved Asasi courses at selected public institutions
  • You will need someone to act as a guarantor for you when you sign the agreement
  • This financial aid does not take into account income level as a condition of eligibility
  • As long as you successfully complete the course, you will not be required to pay back the financial aid provided
  • No interview is required

Application

Once you’ve received and accepted an Asasi offer at a public university, you will need to submit your application directly to the public university on the day of enrolment.

Deadline: Application is open all year round

#2. Bantuan Kewangan Pelajar Orang Kelainan Upaya

What It Is

A financial assistance funded by the Ministry of Higher Education (MOHE), Bantuan Kewangan Pelajar Orang Kelainan Upaya aims to help OKU (Orang Kelainan Upaya) students fund their tertiary studies, whether in public or private institutions.

This financial aid covers up to a maximum of RM5,000 per year or RM20,000 for the entire study duration.

What You Need To Know

  • Eligible for students who have registered with the Jabatan Kebajikan Masyarakat (JKM) and have an OKU card
  • OKU students who have already received other forms of disability scholarships will not be eligible
  • Applicable only for courses that are recognised by MQA or Jabatan Perkhidmatan Awam (JPA)
  • This financial aid does not take into account income level as a condition of eligibility
  • Financial aid covers both allowance and tuition fees with maximum of RM5,000 per year or RM20,000 for the entire study duration of a single level of education (e.g. diploma, undergraduate degree)

Application

Application is online via MOHE’s website. You should submit your application no later than 30 days from the start of every semester.

Deadline: Application is open all year round.

#3. Yayasan Negeri

What It Is

Yayasan Negeri (or State Foundations) are state funds that aim to help students in financing their tertiary education. Every state in Malaysia has one of its own that caters to the residents of each respective state. Therefore, all students across Malaysia have a chance to apply for this type financial assistance.

The type and amount of aid offered will differ across states. There are some full scholarships offered, as well as partial scholarships and study loans.

What You Need To Know

  • To be eligible, you must be born in the relevant state or have lived in the state for a certain number of years
  • Various types of scholarships and aid are available, so it’s crucial to read the terms and conditions carefully to check your eligibility

Application

Application is generally directly to the state foundations’ offices.

Here’s a list of the official Yayasan Negeri websites by state: Johor, Kedah, Kelantan, Kuala Lumpur, Malacca, Negeri Sembilan, Pahang, Penang, Perak, Sabah, Sarawak, Selangor and Terengganu.

Deadline: Check the respective Yayasan Negeri websites for deadlines.

#4. Zakat Negeri

What It Is

Zakat is an Islamic fund raised for Muslims and is given out for those who are in need. There are many categories of people who are eligible for zakat and students are included in one of the categories. Each state has its own zakat centre, so students in all states can benefit from this.

Financial aid is given out depending on the severity of the case and how much fund is available in the year. Zakat is usually a one-off payment, but you can always apply for it again each semester, or each year.

What You Need To Know

  • To be eligible, you must be born in the relevant state or have lived in the state for more than 3 years
  • Applicable for Muslims only
  • You typically need to be from a low-income family

Application

You can get the application form at the nearest Lembaga Zakat branches or online. The completed forms must then be submitted to any Lembaga Zakat counter near your residence. Your application will go through inspection and review before it can be approved.

Here’s a list of the official Zakat Negeri websites by state: Johor, Kedah, Kelantan, Kuala Lumpur, Malacca, Negeri Sembilan, Pahang, Penang, Perak, Perlis, Sabah, Sarawak, Selangor and Terengganu.

Deadline: Application is open all year round.

#5. Bantuan Pelajaran Tunku Abdul Rahman

What It Is

Created by Yayasan Tunku Abdul Rahman, Bantuan Pelajaran Tunku Abdul Rahman is aimed to help students hailing from low-income families. It is designed to help fund the cost of living for 2 semesters (10 months) at public universities only.

What You Need To Know

  • Applicable for undergraduate degree studies at public universities only
  • You must show evidence that you are from a low-income family

Application

Application details can be found on the Yayasan Tunku Abdul Rahman website. Only shortlisted applicants will be contacted.

Deadline: Application for 2017 is open from 1 September 2017 to 30 September 2017.

#6. Pinjaman Pendidikan Boleh Ubah Yayasan Bank Rakyat

What It Is

Pinjaman Pendidikan Boleh Ubah is an interest-free loan created by Bank Rakyat for underprivileged Malaysians. It provides financial support to those who are pursuing their undergraduate degrees at either public universities or private universities in Malaysia.

What You Need To Know

  • You must be between 18 – 30 years old to apply
  • You need to have a savings account with Bank Rakyat with a minimum of RM100 account balance
  • There are no race, religion or ethnic restrictions
  • For degree studies, you must hold a diploma, STPM, Matrikulasi or Foundation qualification with CGPA 3.0 and above
  • For diploma studies, you must have at least 5As in SPM
  • Applicable for public and private institutions that are recognised by MQA or JPA
  • Priority will be given to applicants studying in Accounting, Banking, Business Management, Human Resources, Economics, Media Communication, Law and Actuarial Science
  • This is an interest-free loan, which means that you will need to pay back the amount borrowed but without interest

Application

You can find the application details and apply online through the Yayasan Bank Rakyat website. Only shortlisted applicants will be contacted.

Deadline: Application is currently closed and will reopen in May / June this year.

#7. Hadiah Pengajian IPT Kerajaan Negeri Selangor

What It Is

Hadiah Pengajian IPT is happy news for Selangor-born students. Provided by the state of Selangor, it is a one-off allowance worth RM1,000 for students who are offered a place to study degrees in either public or private universities, regardless of academic achievement.

What You Need To Know

  • You, or your mother or father, must be born in Selangor
  • If you were not born in Selangor, you must have lived and attended school in Selangor for more than 11 years
  • Your family income per month must not exceed RM3,000
  • Applicable for diploma or degree studies at accredited public or private universities in Malaysia

Application

Application can be made online through the Hadiah Pengajian IPT website. The completed application must then be printed and sent to the Hadiah Pengajian IPT Secretariat, along with a few documents, such as a photocopy of your IC. All eligible applicants will receive the RM1,000.

Deadline: Application is open all year round.

So there you have it – a host of options for you! Hopefully, this list will help you in financing your road to a brighter future ahead.

Still can’t get your head around the types of scholarships available in Malaysia? Here’s a comprehensive guide to scholarships to help you out.

Leave a comment