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Financial assistance is crucial for all students. Without financial assistance, it will be a burden for students to pay their tuition fees. There are several types of financial assistance available for students/ parents in assisting them to ease the burden in paying the tuition fees. Students who register with NMIT must apply for financial assistance of their choices to ensure secure payment of the tuition fees. Students who opt for self- payment are reminded to pay the tuition fees promptly.
Besides the financial assistance, we also assists students/ parents in applying for Employee Provident Fund (EPF) withdrawal (under account 2) for the purpose of paying the tuition fee only. The loan amount and approval are solely
determined by EPF depending on the amount stated in account 2.
Other than that, scholarship and bursary schemes are available for students to ease their burden in paying for the tuition fees. With the financial assistance available, we hope we can help our students to study here with minimum financial worries. In all cases, the students themselves are responsible to complete the necessary application forms, agreements and prepare the necessary supporting documents for submission to the financial assistance provider.
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.
Education financing application conditions are as follow:
For more information, please visit http://www.ptptn.gov.my/
(A) Value of Scholarship
The amount of this scholarship is RM10,000.00 (RINGGIT MALAYSIA TEN THOUSAND ONLY)
(B) Eligibility & Criteria
(C) Fields of Study
(D) Terms & Conditions
(E) How To Apply
Please attach printed application form together with the following documents:
The Employee Provident Fund (EPF) is a social security institution formed according to the Laws of Malaysia, Employees Provident Fund Act 1991 (Act 452) which provides retirement benefits for members through management of their savings in an efficient and reliable manner. The EPF also provides a convenient framework for employers to meet their statutory and moral obligations to their employees.
This withdrawal allows contributor to utilize their savings in Account 2 to finance the education or their children’s education (including step-children and legally adopted children) at an Institution of Higher Learning either locally or abroad.
A Malaysian Citizen; OR a Malaysian Citizen who has made Leaving The Country Withdrawal before 1 August 1995 and later opted to re-contribute to the EPF; OR a Non-Malaysian Citizen who:
More information from http://www.kwsp.gov.my/
Study loans offered by banks may be the other option for those who have passed the age limit restrictions that government loans or scholarships prescribe to. It is important to note that study loans are not offered by all banks. However, most banks provide personal loans which can be used to fund education.
The repayment period for most banks loans is about 10 to 15 years depending on the bank’s terms and conditions. Take note that most banks require a guarantor in order to be eligible for the loan.