Qualifications that are eligible include Diploma and Degree. You have the option of choosing either private or public institutions. If you are looking to study Professional Courses (e.g. ACCA, ICAEW) or Postgraduate Studies (e.g. Masters, PhD), only public institutions are eligible for PTPTN loans.
Full Answer
For the uninitiated, PTPTN is a financing scheme established by the government to provide education financing for students in local institutions. Today, we will be talking about common questions asked by students about PTPTN.
Qualifications that are eligible include Diploma and Degree. You have the option of choosing either private or public institutions. If you are looking to study Professional Courses (e.g. ACCA, ICAEW) or Postgraduate Studies (e.g. Masters, PhD), only public institutions are eligible for PTPTN loans.
The valid offer period is within 14 days from the date of the Offer Letter. The loan disbursement for subsequent semesters will only be made after PTPTN receives the student’s status of study from the respective institutions.
PTPTN won’t cover foreign based pre-university programmes like A-levels, Certificate of Pre-University (CPU), International Baccalaureate (IB) or Australian Matriculation (AUSMAT). b. Twinning programmes As for twinning programmes, PTPTN will only cover financing of your course of study in Malaysia.
For the uninitiated, PTPTN is a financing scheme established by the government to provide education financing for students in local institutions. Today, we will be talking about common questions asked by students about PTPTN.
PTPTN borrowers will be blacklisted if they fail to make any payments after several reminder notices. This will result in PTPTN defaulters being restricted from leaving the country and renewing their passports. The latest figure of PTPTN defaulters who are in the travel blacklist amounts to over 85,000.
Additionally, the government has also warned that PTPTN defaulters might be blacklisted under CCRIS. This might affect your credit ratings should you wish to obtain a housing loan in the future. We highly recommend that regular consistent payments are made to avoid having your name blacklisted.
Yes! You get exemption if you graduate with first class honours in your degree. If you already have your fees waived by the university and you still graduate with first class honours, your total prize will be the savings on tuition fee plus the PTPTN loan.#N#Seriously, why would you not study hard?
The answer in short is yes. PTPTN interests rate are astoundingly low as compared to study loans offered by other banks or credit facilities. Furthermore, approval rates are high and a sure way to lighten some of that burden on your parents back.
The mission and objective for PTPTN is applaudable and welcomed. However, it is crucial that the system remain sustainable for future generations to come. Defaulters of loans can make it hard for future borrowers and risk being blacklisted. So do yourself and the future generation a favour by being a responsible payee.
PTPTN loan is one of the top choices for students looking for education loans, given its relatively low interest rate.
The rise of PTPTN defaulters (people who fail to pay up their loans) over the past few years has resulted in the government imposing a series of measures to deter borrowers from defaulting.
And one of the most accessible study loans in Malaysia is the PTPTN loan that’s aimed to support Malaysian students in furthering their education beyond secondary school.
3) You need to start paying back PTPTN 12 months after graduating. Your repayment period starts 12 months after you complete your studies. PTPTN will not be sending you any instruction letters, so do be responsible about paying your study loan based on your repayment schedule.
Open a SSPN-i account — you can do this at any PTPTN counters, or at Maybank, Bank Islam, BSN, CIMB Bank, Agrobank or Bank Rakyat. Open a savings account at a panel bank — you will need to open a savings account with a specific bank based on your choice of institution.
In an ideal world, you would be able to borrow as much as you needed, but unfortunately, this is not the case for PTPTN. Your PTPTN loan amount will depend on three things: (1) your household income, (2) the type of institution you are attending and (3) the course you are pursuing.
Yes, but it’s only applicable for Diploma, Degree, Postgraduate and Professional Courses in public institutions and selected private institutions**. Here’s a summary table for your reference: Education Level. Private Institutions (IPTS) Public Institutions (IPTA)
The remaining period of study upon application must exceed one year. Applicants require two guarantors that must be the parents of the borrower. Applicants must have no other sponsor, and. Applicants must have an SSPN savings account before applying for PTPTN loan.
All PTPTN loan borrowers will undergo an insurance deduction for the purpose of protecting their loan based on their study period and loan repayment period. The insurance deduction will be done every semester when the loans are disbursed.
PTPTN also has five “agents” where you can repay your PTPTN loans easily. They are Bank Islam, Bank Simpanan Nasional (BSN), Bank Rakyat, CIMB Bank, and Pos Malaysia. All five agents charge a nominal fee (RM0.50 for BSN and Bank Rakyat, RM2 for the others), and have a processing period of between 3 to 7 days.
The importance of PTPTN. (Image: Malaysian Access) PTPTN plays an integral role in enabling students to pursue their education at the tertiary level. Tuition fees are high, sometimes excessively so for many Malaysians from lower income families.
Expect the first disbursement to be made within 21 working days from the date. your document is received. The amount you receive will depend on the approved.
PTPTN, the government-funded body which. stands for Perbadanan Tabung Pendidikan. Tinggi Nasional (National Higher Education Fund Corporation) is the go-to. solution for school-leavers or those currently studying in a higher education. institute as they are the main provider of education loans in Malaysia.
Finally, there is also the option of paying for PTPTN loans using EPF. This is likely the least recommended repayment option, simply because the EPF is designed as a basic retirement fund. Unless you have absolutely no other option, try to avoid using your EPF savings to repay your PTPTN loan.
Therefore, it is in the payer’s best interests to repay their PTPTN loan as soon as it is financially possible. PTPTN also has a handy ujrah calculator to show how much should you pay per month, depending on the duration of repayment.
Yet when it comes to actually repaying the loans, more than half a million Malaysians who have benefited from PTPTN have dragged their feet. PTPTN will not likely go away anytime soon, but it is crucial that the borrowers who do not repay their loans understand the immediate and long-term impact of their actions. 0.