Malaysia is considered one of the cheapest countries to study in compared to the UK, US, New Zealand, Australia and Singapore. Additionally, many Malaysian universities have built a great deal of partnership with globally recognized universities from around the world to provide their courses in Malaysia.
The following is a guide for international students to understand how tuition fees are paid and what are the methods of payment:
1. What’s your course?
Tuition fees vary depending on the field of study you choose. A business degree is different from an engineering degree or a medical degree in terms of the cost and the study material.
When you become a student, you will pay per subject and on a semester basis. For example, if one subject is priced at US$ 290 and you decide to take 6 subjects in a semester, then the total payment per semester would be US $1740.
You may be required to pay US $740 at the beginning of the semester and US $1,000 at the end of the semester.
2. What to follow: university scheduled study plans or your own plans?
You are advised to follow the course layout designed by the university for the following reasons:
- You can finish on time
- You can minimize your expenses. The longer you stay in Malaysia, the more you need to spend
3. Why first year and last year payments are slightly higher?
There are three types of payment terms:
One time payment (first year):
- Admission and enrollment fee
- Security and Personal Bond with Immigration (refundable)
- University Deposits (refundable)
- Semester subject registration fees.
- Tuition fees
- Annual facilities’ payments
- Annual medical insurance fees
- Living expenses
Final year payments:
- Graduation ceremony fees
- Training fees
- Certification fees
4. How can you make payments?
Malaysia’s financial and banking services are well secured and advanced with great infrastructure support. Students can pay from Malaysia via
- Credit Card (Limited payment terms. Check with your bank for details)
- Bank Transfer
- Cash Deposit into the institution’s official bank account.
Parents can pay from outside Malaysia by:
- Direct wire transfer
- Bank transfers directly to the university’s account
- Credit card (Limited payment terms. Check with your bank for details)
Parents can contact the university and confirm their payments and follow up on the financial statements and academic landscape of their child studying in Malaysia.