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Scholarship / Fund / Loan
- Deadline: 15 November 2020Taylor's invites the best students in Malaysia to join. Open to all SPM students (midterm/trial/forecast results) and IGCSE students (actual/forecast results).15 November 2020
- Deadline: OngoingInternational Medical College (IMC) is offering sponsorship for those who wish to study for Diploma in Nursing with IMC. Those who satisfy the entry requirements of 5 credits in SPM and are passionate to serve others, IMC urge you to take advantage o...Ongoing
- Deadline: OngoingThe goal of education is the same as the goal of life - to help students grow into intellectually and emotionally matured individuals. Parents are looking for an institution that can give their child academic excellence and at the same time, want the...Ongoing
- Deadline: OngoingIn driving and transforming MSU towards excellence, financial assistance has been provided to outstanding and deserving students to acquire quality education. The funds are distributed through various means including collaborative efforts between MSU...Ongoing
- Deadline: OngoingThe IUKL Tuition Fee Waiver Scheme is offered automatically every semester. The scheme offers up to 50% off the semester tuition fee for students who manage to maintain a CGPA of 3.750 and above every semesterOngoing
- Deadline: OngoingThis scholarship is offered to students with outstanding sports achievement at the state and national level. This scholarship is for both Malaysian and International students who have represented the state or the country in any sports competition, th...Ongoing
- Deadline: OngoingThe University collaborates with two major media education funds including the Star Education Fund and Sin Chew Education Fund to provide deserving students an opportunity to pursue their higher education. The scholarships cover multiple disciplines ...Ongoing
- Deadline: OngoingIUKL scholarships are made available to students who have excelled at the elementary levels, including SPM, STPM, O-Level, A-Level, UEC, Foundation Studies and Diploma.Ongoing
- Deadline: OngoingFor time being, financial assistance is only provided to Malaysian students.Ongoing
- Deadline: OngoingAsia e University is offering scholarships to both Malaysian and international students to pursue their education with AeU.Ongoing
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.