RM2 billion available
New Sunday Times - Sun, 2 March 2003

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2003 study loans: Open to students at private and public colleges

By M. Hamzah Jamaludin hamzah@nstp.com.my

IPOH, Sat. - The Government has set aside RM2 billion for loans for students in private and public institutions of higher learning this year.

This is the highest amount since the National Higher Education Fund Corporation was set up in 1997.

This is RM500,000 higher than the RM1.5 billion allocated previously.

Corporation chairman Datuk Ahmad Husni Hanadzlah said 100,000 new students were expected to register at 18 public and 300 private institutions of higher learning this year.

Both new and old students can apply for loans.

The corporation has so far disbursed about RM5 billion to 401,000 students at public institutions of higher learning and 366,000 at private institutions.

Ahmad Husni said students at public institutions would get between RM3,500 and RM7,000 for first degree science courses, RM3,000 and arts course and RM2,500 and RM5,000 for diploma studies.

Students at private institutions taking courses certified by the National Accreditation Board will get between RM8,500 and RM20,000, RM8,000 and RM10,000 and RM3,500 and RM5,000.

Ahmad Husni said 40 per cent of the total number of tertiary students received loans.

He added that very few had their applications rejected.

"Our counters at public universities are open during registration week and loan warrants will be distributed to successful students without delay," he said.

He said this after opening an education seminar organised by the corporation and Yayasan Perak, of which he is also chairman.

Repayment of loans begins six months after graduation.

Students have between 10 and 20 years to repay the loan.