Financial Aid & Scholarships

Refer to the following list of available Financial Aid (Loans/Financing) for UNITAR students:

AFFIN Education Financing-i

AFFIN Education Financing-i is a Shariah-compliant scheme designed for eligible individuals of selected Universities or Colleges approved by the Bank. Based on the concept of Ijarah, the financing will cover the student’s education programme.

Yayasan (State) Loans

Foundations or Yayasan in Bahasa Malaysia, are non-profit organizations that provide funds and support to other entities or to charitable organizations. Most of them provide study loans to deserving students. Please refer to the State that you are born/live in as the terms and conditions for each State differ.

Registration Fee Waiver

• Kelana Jaya Campus
  – Early Bird RM300 Registration Waiver
• Regional Centres
  – Match RC Registration / Admission Fee (To match each RC tactical on their Registration & Admission Fee)

Zero Fee Bursary – Bantuan Sara Hidup (BSH & M40 Category)

• Applicable for Kelana Jaya Campus & RC Students
• For Undergraduate Students only (Conventional / Blended / Online)
• All student MUST apply PTPTN under this scheme and PTPTN Amount Entitlement must be under BSH Category (B40) and (M40) categories – Zero Fee Bursary (BSH Category & M40 Category) will be void if the loan amount obtained under PTPTN is not under the stated category

Micro-Credential Programme (MCP) Inaugural Discount

• Applicable for Kelana Jaya Campus (conventional programmes) only
• 25% Discount is entitled for the students from retail price for all MCP programmes.

UNITAR Master’s Progression Scholarship

• Applicable for Kelana Jaya Campus (conventional programmes)  only
• Subjected to management approval

Group Discounts for Master in Business Administration (MBA) for corporates (B2B)

• Applicable for Kelana Jaya Campus only.
• Students are entitled for only RM12,000 enrol for MBA programme with a minimum of 30 sign up from a single corporate partner.
• Subject to 30 students need to be fulfilled in 3 consecutive intakes, minimum 10 students each intake.

*Terms and Conditions apply for all general scholarships and financial aids.
*UNITAR reserves the right to change the terms and conditions at any time without prior notice.

The National Higher Education Fund Corporation (PTPTN)

This is a type of loan provided by the Malaysian government to assist students financially in public as well as private institutions of higher learning.

The National Higher Education Fund Corporation (PTPTN) was established under the National Higher Education Fund Act 1997 (Act 566) and is effective from 1st July 1997. PTPTN became operational on 1st November 1997 at Bangunan Wisma Chase Perdana, Off Jalan Semantan, Damansara Heights, Kuala Lumpur.

Function(s) of PTPTN:

• To manage disbursement of student loans for the purpose of higher education, and to collect loan settlements.
• To collect deposits, design and offer savings schemes for the purpose of saving for higher education.
• To carry out any other functions given to the PTPTN under any written legislation.

Eligibility

• Malaysian Citizen
• Not exceeding 45 years of age on date of application.
• Received an offer from IPTS by fulfilling the entry requirements set by the Ministry of Education Malaysia and the Malaysian Qualifications Agency (MQA).
• The courses attended by students must be approved by the Ministry of Education Malaysia and registered with PTPTN.
• The course must obtain the Certificate of Accreditation from the Malaysian Qualifications Agency (MQA) and still be within the validity period on the date of application.
• The remaining period of study upon application must exceed one (1) year.
• Have no sponsors (ex. MARA or JPA) or scholarship(s)
• Have opened Skim Simpanan Pendidikan Nasional (SSPN) account before applying.

Other Criteria

Students who have received a PTPTN loan through previous colleges/universities but have left or have not completed their course, are required to terminate the contract and make full payment with PTPTN before a new application can be made.

PTPTN Application PIN Number

The PIN number can be purchased online through the PTPTN website or from Bank Simpanan Nasional (BSN) for RM5.00 (valid for 6 months ONLY). Please keep the receipt for website login purposes.

SSPN PRIME Account

The Skim Simpanan Pendidikan Nasional Education Savings Scheme (SSPN) is a savings scheme specifically designed by the National Higher Education Fund Corporation (PTPTN) for higher education financing purposes.

Beginning 1 January 2012, students applying for PTPTN education loans must have a SSPN account with a minimum savings amount of RM20.00. A SSPN account can be opened online through the PTPTN website or at: Maybank, Bank Rakyat, Bank Islam, Agrobank or any PTPTN branch to get the account number immediately.

Online Applications

All applications for PTPTN loans must be made online. Applicants must apply through the PTPTN Online Application Website at http://www.ptptn.gov.my during the opening and closing dates of the application. Applicants are required to have an e-mail (yahoo.com or gmail.com) for correspondence purposes. Should there be any difficulty in logging-in or in resetting the password, please contact:

PTPTN One-Stop-Centre:
Unit 1 & 2A, 2B,
Level 2, Stesen Sentral Kuala Lumpur
50470 Kuala Lumpur
PTPTN Careline Number: +603- 2193 3000
Official Website: http://www.ptptn.gov.my

Operation Hours:
8.30am to 5.00pm (Monday to Thursday)
8.30am to 12.15pm and 2.45pm to 5.00pm (Friday)

Total Loan for Full Time Programmes

Total Loan for Part Time Programmes

Loan Repayment

The borrower is encouraged to pay back the loan without waiting for the Letter of Claim. The period of loan repayment is based on the total loan taken as follows:

• Administrative costs of 4% annually will be charged on the date of loan repayment up to 31 December 2003. From 1 January 2004, the administrative cost is reduced to 3% annually on the remaining monthly loan.
• Administrative costs will be calculated 6 months after completion of study or termination of loan as specified in the signed agreement. No reduction is given in administrative cost.
• Application for deferment of repayment can be considered for borrowers who continue their studies or who are not yet working. However, administrative cost will be charged during the period of deferment.
• Administrative costs will be waived for full repayment of loan within 6 months.
• Exemption of repayment will only be considered for borrowers who obtain ‘First Class Honours’ for loans approved prior to 1 July 2005 ONLY through submission of an application for exemption.