Learn more about Courses and the requirements, fees and other details.
Ask Questions to get an education expert’s advice immediately.
Get the latest information about education news, tips and career opportunities.
Find out information about different Institutions and apply to them directly.
A link will be sent via e-mail to initiate password reset. Please check your inbox.
If you have not received it, Seconds, please click here.
If you have not received it, please click here.
You have reached your password reset limit for today. Please check your spam folder, retry tomorrow or contact us now
A One Time Password (OTP) has been sent to your number at Update Phone Number
Skip Now
Back
Want to change your mobile number? Update Mobile Number
Didn’t get a call from us? Retry now Want to change your mobile number? Update mobile number
Want to change your mobile number? Update mobile number
We have saved your mobile number successfully! You may retry tomorrow.
Your IVR verification call has been initiated.
Visit the International Students section on our website to find out the latest news and everything you need to know about studying in Malaysia.
Published by Afterschool.my on Feb 18, 2021, 01:57 am
The PTPTN loan is by far the most popular option among students who look for financial assistance to help fund their tertiary education. But first of all, what is PTPTN? PTPTN stands for Perbadanan Tabung Pendidikan Tinggi Nasional. It is a government body that offers study loans for higher education for Malaysian students. Because their loans have a relatively low interest rate, this makes the PTPTN loan one of the top choices for students who are looking for study loans. Most people apply for student loans or a PTPTN loan because they might not be financially stable to cover the expensive tuition fees themselves at the time.
So what are the pros and cons of the PTPTN loan and other student loans? For starters, student loans allow you to afford college or university. The tuition fees of university courses can be very expensive depending on the course. A PTPTN loan can allow you to afford to pay those expensive fees. Secondly, you can also use your loan to pay for important university expenses like textbooks, a laptop and required software for your course. Lastly, paying off your PTPTN loan can help you build good credit scores. Having a good credit score is essential when you want to apply for a credit card, finance your home purchase, and even when you apply for jobs.
Now let’s talk about the cons of PTPTN loans and student loans. First of all, applying for loans like PTPTN means you are starting out your adult life with debt. As soon as you graduate you are going to worry about finding a job that pays well enough for you to pay back your PTPTN loan. Secondly, student loan debt can get in the way of other financial and lifestyle goals. If you keep having to pay off your student loans every month, you might not have enough to spend on things you really want to spend on, such as your long term financial goals. Lastly, defaulting on your PTPTN loan can tank your credit score. The penalties for defaulting also include added fees, added interest and wage garnishment.
While many are aware of the existence of a PTPTN loan repayment exemption, not many know what the actual requirements are for a student to qualify for a PTPTN exemption, nor do they know the proper procedure one has to go through to get approval. Let's take a look at the answers to both.
Speaking of PTPTN, you might want to find out some reasons why PTPTN loans are withdrawn or cancelled and 4 ways to check if you’ve been blacklisted by PTPTN.
If you have taken a loan from PTPTN, you will eventually have to do your PTPTN loan repayment and you might be familiar with the PTPTN loan repayment schedule as well as the PTPTN loan repayment calculator. However, you may have an option of getting a PTPTN loan repayment exemption. To get this exemption, one must make a PTPTN exemption application and must fulfill the PTPTN waiver requirement. Even if you don’t manage to get an exemption, you still have a chance of getting a PTPTN loan repayment discount. Let’s check out the requirements to qualify for a PTPTN loan exemption
The above requirement is the most important pre-requisite of all and should not be confused with any fixed CGPA. While a First Class Honours degree generally requires a CGPA of 3.7 and above, it must be noted that this will differ depending on the institution and course studied. Therefore, students must first check with their university as to what CGPA is required for them to receive First Class Honours. Having successfully obtained a First Class Honours distinction, the student will also need to meet the following criteria:
Documents that must be attached
Reminders
a) Copies of supporting documents shall be authenticated by authorised officers as stipulated by PTPTN, the Academic Division of the IPT or the Issuing Division of the Transcript and the scroll from where the student pursued their programme.
b) The verification stamp shall contain the name of the officer, position and the name of the department.
c) For transcripts in which the scoring/grading information is not specified, note of the calculation and declaration of marking/grading from HEIs should be included.
Once you’ve gathered all the required documents, you can apply for the exemption online on PTPTN’s website.
The process of granting a loan repayment application for obtaining a First Class Bachelor's Degree will take 60 working days from the date all documents are received.
PTPTN - Frequetly Asked Questions
You can apply for PTPTN exemption online at PTPTN’s website once you have met the required criteria and gathered all of the required documents for the application.
You can be exempted from PTPTN repayment if you are from the B40 or M40 group and earn First Class Honours for your Bachelor degree program. You also have to fulfill other criteria and submit the proper documents for your exemption application.
A 15% discount is given to those who pay the rest of their PTPTN debt in full. Those who pay 50% of their debt will be given a 12% discount, and those who pay using direct debit or salary deduction will be given a 10% discount.
Students who don’t repay their loans are banned from leaving the country, blacklisted by the Central Credit Rating System and could face legal action.
Click on the following links for more PTPTN articles:
When Do I Apply for PTPTN
PTPTN Loan - A Complete Guide
PPBU vs PTPTN : Which One is Better?
Foundation Programmes in IPTS Eligible for PTPTN Loan
Twinning Programmes and PTPTN
How to Check How Much You Will Receive From PTPTN in Two Steps
Deadlines for PTPTN Online Applications at Every UA & IPTS for Every Course
How To Use The New PTPTN Direct Debit System & List Of Associated Banks
8 Questions about Repaying Your PTPTN Loan
How to Check How Much You Owe PTPTN
How Much Loan Does PTPTN offer?
Computer science is the cornerstone of everything we do. From how we communicate and consume media, to the way we do business and manage our finances, computer science has become a crucial component of our modern-day life. There are quite a number of misconceptions surrounding computer science...
Forget Medicine, Accounting, or Engineering…if you want a job that will be high in demand (and high pay) for the upcoming years, then you need to start shifting your focus!According to the World Economic Forum (WEF), 8 out of 10 most demanding jobs are from the Information Technology se..
KUALA LUMPUR – 18 January 2023 – Ramboll, a global architecture, engineering, and consulting firm is inviting engineering and architecture students from tertiary institutions in Malaysia to participate in The Paper Power Project challenge. The Paper Power Project competition, cond..
Gaining admission into a renowned university is certainly every student’s aspiration and with the right stepping stone, it’s not impossible to get there! The tried and tested best programme to lead you there is the A-Level Programme. It is known as the ‘Worldwide Academic Gold Standard’ for ..
In our previous article, we have touched on the crucial role nurses play in the healthcare system, plus the benefits you’ll get for furthering your studies in a bachelor's of nursing programme. Pertaining to that, Are you aware there is a shortage of nurses right now in Malaysia? ..
Tunku Abdul Rahman University of Management and Technology (TAR UMT) dominated the Individual category of the Deloitte Tax Challenge 2022 at the national level after bagging the Champion, 1st Runner-up, 2nd Runner-up, Merit Award, Best ACCA Presenter and Best ACCA Writer awards. At the competit..
TAR UMT’s Cheerleading Squad ‘Puzzle’ had all the right pieces to dazzle the judges at the Cheer Out Loud 2022 and went on to win the Champion title in the University Coed Level 3 Team Cheer category. Cheer Out Loud is an annual competition organised by the Cheerleading Association & Regis..
Launching ceremony of Microsoft Academy TAR UC. (From left):Ally Tan, Dr. Chook Ka Joo, Vice President of TAR UC, Ms. Pinkky Chong, Channel and Partner Marketing Lead, Customer Sales Organisation at Microsoft Malaysia, Ms. Dearna Kee June Chen, Dean of the Faculty of Communications and Creative..
We think it’s fair to claim that Gen Z’s are constantly changing the course of traditions, and making it entirely their own; part of that is adding a dash of fun into their convocation ceremony!Besides, why so serious? You’re finally graduating, the moment you’ve all been wai..
Join Senior Lecturer and researcher Dr Ismail Nizam for a live webinar on Sunday, 18th December at 2pm to learn: How to Choose a Suitable Research Topic for Your Postgraduate Studies Tips and strategies to choose the best topic How the topic you choose can influence your career ..
Get the information first
Afterschool.my
Shares
1
23
114
Need help?