Prospective students can apply for PTPTN study loan as well as make EPF withdrawal.
The National Higher Education Fund Corporation (PTPTN) was established under the Perbadanan Tabung Pendidikan Tinggi Nasional Act 1997 (Act 566) on 1st July 1997. PTPTN began its operations on 1st November 1997 at Wisma Chase Perdana, Off Jalan Semantan, Damansara Heights, and Kuala Lumpur.
The National Higher Education Fund Corporation (PTPTN) provides education loan to students pursuing their diploma and first degree levels in local institutions of higher learning.
- Malaysian citizens
- Not exceeding 45 years of age on date of application
- Passed Malaysia Certificate of Education (SPM) with credits in any 3 subjects
- Passed SPM for Community College Certificate and Polytechnic Diploma graduates with CGPA 3.0 and above
- IPTA/IPTS/Polytechnic students must register to pursue courses approved by the IPT Management Department (IPTA/IPTS)/Polytechnic Management Department and Community College of the Ministry of Higher Education
- IPTS students must obtain the Accreditation Certificate from the Malaysian Qualifications Agency (MQA). The course and Accreditation Certificate approval period must still be valid on the date of application
- All students must possess entry requirements determined by the Ministry of Higher Education to pursue the course. For students with qualifications that differ from that stipulated, verification that the said qualification is equivalent to the required qualification must be obtained from departments or agencies specified as above
- The remaining period of study upon application must exceed one year
- Have no other sponsor
Employees’ Provident Fund (Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector, and voluntary for non-Malaysian citizens.
To facilitate EPF Members in preparing for a comfortable retirement, the EPF allows you to make Educational withdrawal from your savings to meet the specific retirement-related needs that are in line with the EPF’s current policies.
What You Can Withdraw
Total tuition fees/outstanding education loan OR Entire savings in Account 2 (whichever is lower)
Students (or their parents) can withdraw their EPF contributions from Account II to pay for their fees. The form to apply for withdrawal of contribution is available via i-Akaun (e-Pengeluaran). For more details, visit EPF website: https://www.kwsp.gov.my/