Kuala Lumpur Metropolitan University College


		Monday : 06th February 2012
		Real World Practice

Kuala Lumpur Metropolitan University College - KLMUC

	Student Support

Financial Aid

Accommodation

International Student Services

		Financial Aid

The Malaysian government emphasized education as one of the most important growth sectors for the country.

With this in mind, the Ministry of Education and other related governmental bodies have made financial packages available from banks, financial institutions, state departments, government-linked agencies and local organizations. These packages included scholarships, loans as well as financial aid to Malaysian students. KLMUC 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.
•	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)

•	The MARA loan is open to only BUMIPUTRA DIPLOMA students for 4 approved programs (as stated below). Students must possess a minimum five (5) credits in SPM including Bahasa Malaysia, Mathematics and Science:-
	1) Diploma in Information Technology 2) Diploma in Multimedia Application 3) Diploma in Computerized Graphic Design 4) Diploma in E-Business

•	ADVANCED CERTIFICATE students from Cosmopoint College of Technology with CGPA 2.00 and a credit in Bahasa Malaysia in SPM are also eligible to apply for the MARA loan when they proceed to the DIPLOMA Programme.


SOCSO
•	The SOCSO loan is only for those who have not reached 21 years of age, is single and do not have any other sponsors.
•	The loan amount approved is based on the total fees for either the DIPLOMA or DEGREE Programme and is inclusive of living allowance.


EMPLOYEES PROVIDENCE FUND (EPF)
•	Students may opt for EPF withdrawal either from their own or their parents’ EPF Account II.
•	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.
•	EPF withdrawal can also be used to settle study loans from loan sponsoring bodies.


COMMERCIAL BANKS/FINANCIAL INSTITUTIONS
•	Education Loan from Bank Rakyat Berhad (AL-FALAK)
•	Personal Financing from Al-Rajhi loan does not require any guarantors, the loan amount can be five times the amount of salary and minimum salary required is only RM1,500.


FEDERAL TERRITORY FOUNDATION
•	This education loan is only open for students born in Kuala Lumpur, or whose parents are born in Kuala Lumpur or they have been residing in Kuala Lumpur for more than 7 years.
•	The loan is open for CERTIFICATE, DIPLOMA or DEGREE Programmes.


BAITULMAL WILAYAH PERSEKUTUAN
•	The Baitulmal Grant or Scholarship is only open to MUSLIM students who have been residing in Kuala Lumpur for NOT LESS than a year.
•	The grant or scholarship approved amount is based on household income and number of dependants.
•	The grant or scholarship is available for CERTIFICATE, DIPLOMA or DEGREE Programme.