Friday, September 21, 2007

Federal Loan - PTPTN

Perbadanan Tabung Pendidikan Tinggi Nasional Malaysia (PTPTN) was established to help students gain entry to Higher Level Institutions of Education in Public (IPTA) and Private (IPTS) sector.

This PTPTN Study Loans program was established in 1999 and is mainly focused on students who have gained admission to local universities but are unable to further their studies due to financial constraints.

Applications are only open to students who have gained admission at local universities or private colleges. PTPTN will evaluate the financial background of the applicant's family before approving the application. Decision made by the authority is final. No correspondence will be entertain.

PTPTN Study Loan Distribution Mechanism:

* Transfer of funds is via the applicant's institute of higher learning-IPT concerned.
* The institute of higher learning-IPT will make the necessary deduction for the fee incurred.
* The remaining funds will be transferred to the applicant's bank account by the institute of higher learning-IPT.


* Applicant is required to subscribe insurance coverage.
* The premium will be made on behalf of the applicant.

PTPTN Study Loan Repayment:

* Monthly installments will include administration cost of 4% based on reducing balance.
* The repayments will commence 6 months after graduation or in the event of securing a career, whichever is earlier.
* Payments have to made via Lembaga Hasil Dalam Negeri (LHDN)
* Other methods of payment will need to be approved by PTPTN.

Medium of Application:

* Application can be made through Bahagian Hal Ehwal Pelajar (HEP) or Students Affair Department in the respective IPT (Institution of Higher Learning.
* Other methods will be determined by PTPTN.

Criterias / Conditions for the PTPTN Study Loan Application: PTPTN will approve application to applicant who fulfill the following:-

* Malaysian citizenship
* Applicant must be a full-time student in his/her first degree program and diploma program as well as in one of the 11 local public institutes of higher learning-IPTA or local private institutes of higher learning- IPTS.
* Applicant who has not receive any other sponsors
* Pass the "Means Test" - evaluation of family's financial ability
* Government servant undertaking half paid / unpaid leave

*All the requirements above are subject to change by PTPTN from time to time.
Total amount of PTPTN Study Loan available: First Degree

* Local public institute of higher learning-IPTA students RM 6500 p.a.
* Local private institute of higher learning - IPTS students RM 16000 p.a.
* IMU students RM 20000 p.a.
* Science stream students will have additional RM500 p.a.(incentive loans not including administration cost)


* RM 5000 p.a. for local public institute - IPTA students; applicable for both (arts & science) streams.

Student Loan Should Be Increase

Loan is very useful for student because of the increasing of life style. All the student need to loan because the loan from the Federal (PTPTN) at Malaysia is not enough.

Loan for student should be increase especially at the University in the middle of town such as University of Malaya, University National of Malaysia, International Islamic University of Malaysia and University Putra of Malaysia.

Why the loan should be increase? because the fees for college and the facilities besides the utility of student is increase. All the assignment and buy the reference book need to money, all the college activities need to money and all the thing need to money.