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Scholarship / Fund / Loan
- Deadline: 7 November 2023, at 12:00 (GMT)Applications for 2024/25 scholarships will open on 12 September 2023. Chevening is the UK government’s international scholarships programme. Funded by the Foreign, Commonwealth and Development Office and partner organisations, we offer awards to st...7 November 2023, at 12:00 (GMT)
- Deadline: OngoingThis merit-based scholarship has been established to attract high-performing students with a strong academic background and incentivises them to continue striving to be the best that they can be. Students eligible for this scholarship will be citizen...Ongoing
- Deadline: OngoingThe fully-funded German DAAD Scholarships for the batch of 2023-2024 are now open for international students to study for free in German Universities.Ongoing
- Deadline: OngoingSukacita dimaklumkan bahawa pihak Universiti Teknologi Thai Nguyen (TNUT), Vietnam menerusi Kementerian Luar Negeri (KLN) telah memanjangkan hebahan berhubung penawaran biasiswa kepada rakyat Malaysia yang berminat untuk melanjutkan pengajian di Viet...Ongoing
- Deadline: 31 Mac 2022In order to support more Malaysian students to study in the UK, the British Council, together with five UK universities, has launched the GREAT Scholarships 2022– Malaysia campaign.31 Mac 2022
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 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.
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 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 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.