• Scholarship / Fund / Loan

• KOJADI Education Loan

  Presently, KOJADI has a total 13 loan schemes under its loan programme to cater for a wide spectrum of education courses ranging from vocational and technical to undergraduate and postgraduate studies.

  Deadline: Ongoing

• PTPTN Education Financing Scheme

  The PTPTN Education Financing Scheme was established to provide more opportuinities for students to pursue higher education at local institutions.

  Deadline: Ongoing
• 

  GMI Diploma Study Loan

  For time being, financial assistance is only provided to Malaysian students.

  Deadline: Ongoing

Scholarship Explained

Financial Aid Providers

In Malaysia, the sponsors of financial aid come from various categories. These include scholarships and loans offered by the government, non-governmental organisations, the private sector, government-linked companies and trade associations.

Types of Financial Aid

Higher education is one of the most important investments you will make in your lifetime. With the increasing cost of education, planning ahead is essential to finance your education. So what are some options you can explore? Here are some common ways students seek financial aid.

• Scholarships
  Scholarships are monetary awards given based on academic or other achievements and are non-repayable, which means you won't have to pay the money back. Scholarships are awarded by the government, non-government organisations, corporations and independent foundations.
• Bursaries
  You may have heard people using the terms 'scholarship' and 'bursary' interchangeably, however, bursaries are usually non-competitive and automatic, and often based on financial need without emphasis on academic standing.
• Grants
  Grants are similar to scholarships and also don't have to be repaid. The difference is that grants are often need-based while scholarships are usually merit-based. Grants are also given to students who carry out academic research projects.
• Education Funds
  Education Funds are Scholarships or loans provided by the Government / foundation / private educational institutions / financial institutions to reduce the burden of financing a student's education expenses, whether locally or overseas.
• Tuition Fee Waiver or Discount
  Many private higher education institutions in Malaysia offer partial or full tuition fee waivers or discounts based on merit (e.g. academic, sports, leadership roles). Recipients are often required to maintain a minimum CGPA to continue enjoying the tuition fee waiver.
• Unit Trusts & Insurance Schemes
  These are typically investment schemes that parents undertake for several years to secure financial funding for their child's higher education.
• Loans
  Loans are financial obligations that must be repaid. Loans are mostly provided by private sector or government bodies.

Financing for Higher Education

The cost of tertiary education does not come cheap, but it is a lifetime investment for your future. Therefore whether your parents can afford your entire or partial cost of tertiary education, you are advised to go through this pathway in order to be competitive in your career advancement. If your family cannot afford the cost, you may work while studying part-time or look for some forms of scholarship, study grant, loan or other sources of financial aid to help you to pay for your education.

Read the article on Scholarships & Study Loans for Higher Education here.