FINANCIAL AIDS
The
Malaysian government has emphasized on the importance of education
as one of the most important sectors of growth for the country. With
this in mind, the Ministry of Education and other related
governmental bodies have made available many types of financial
packages from banks, financial institutions, state departments,
government-linked agencies and local organizations which basically
offer scholarships, loans and financial aid to Malaysian students.
Cosmopoint has a dedicated department called the Bursary and Financial Aid
Department which helps students in their applications and processing
for study loans from the various financial bodies. Students can
request for details and forms from the department. The following
financial bodies that provide aid are:-
PTPTN
• PTPTN loan is open to ALL DIPLOMA and DEGREE full-time students
with a minimum of three (3) credits in SPM.
with a minimum of three (3) credits in SPM.
• Maximum loan approved for 3 year-DIPLOMA Program is RM 24,000
• Maximum loan approved for 3 year-DEGREE Program is RM 48,000
MAJLIS AMANAH RAKYAT (MARA)
MARA loan is open to only BUMIPUTRA DIPLOMA students
for 4 approved programs (as stated below) that require a minimum
five (5) credits in SPM including Bahasa Malaysia, Mathematics and
Science :-
1) Diploma Information Technology
2) Diploma Multimedia Application
3) Diploma Computerized Graphic Design
4) Diploma E-Business
4) Diploma E-Business
EMPLOYEES PROVIDENCE FUND (EPF)
• Students may opt for EPF withdrawal either from their own EPF Account
II or their parents' account.
II or their parents' account.
• EPF withdrawal can be made on a yearly basis.
• EPF withdrawal can also be used to reimburse fees which have been paid
to the University/College.
to the University/College.
• EPF withdrawal can also be used to settle study loans from loan sponsoring
bodies.
bodies.