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Published by Afterschool.my on May 18, 2017, 10:10 am
Another popular loan aside from PTPTN is the Pinjaman Pendidikan Boleh Ubah (PPBU). PPBU slightly differs from PTPTN whereby it only provides financial assistance studying in the selected fields except for medicine and aviation. You can read more about the two differences here PPBU v PTPTN: Which One is Better? The purpose of Bank Rakyat establishing PPBU is to assist students with poorer financial backgrounds to pursue their studies in higher education.
PPBU is only offered to students studying Skills Certificate, Diploma, Bachelor’s Degree, Professional, Master’s Degree, and Doctorate (PH.D) - Image via outofthesandbox.com
PPBU is offered to students pursuing tertiary level education from Skills Certificate, Diploma, Bachelor’s Degree, Professional, Master’s Degree, and Doctorate (PH.D). Its aim is to aid the social and economic development of Malaysians by enabling bright but needy students to receive undergraduate education at local Public OR Private Higher Learning Institutions and Training Institutes in the country on a full-time basis.
PPBU has a specific CGPA score that is required for every course in order to apply for this loan - Image via SELECCIÓN DE LA HUERTA DIGITAL on Flipboard.com
For PPBU , their requirements are very specific, broken down into general and specific, based on the level of study you are currently at:
PPBU does not accept applications from students pursuing in medicine or piloting courses -Image via nytimes.com
Priority is given to the following fields of study
However, applicants involved in other fields may apply as well, as PPBU does sponsor all other courses, with the only two exceptions being medicine and piloting.
Unlike PTPTN it is given according to your financial background, PPBU gives their maximum amounts according to the level of your studies - Image via pexels.com
PPBU gives out maximum amounts based on the level of study you apply for:
For those who did very well in their studies which is getting a CGPA of more than 3.75, they will be exempted from paying their PPBU loan - Image via rvshare.net
PPBU has an extensive breakdown of discounts given to those who do well. Below is the list of ranges of CGPA achieved compared to the discount you will receive.
Only those who have been accepted to pursue their postgraduate studies are allowed to postpone their loan payment - Image via tuition.io
Upon graduation, students are required to submit their full academic transcripts along with a letter to the office of graduation YBR through e-mail or post. Repayment to PPBU is done via two methods, namely either through internet banking (i-rakyat) or in any branch of Bank Rakyat. Postponement of repayment will only be allowed if the student is accepted to pursue their studies at a higher level and for approved reasons which are subject to the discretion of Yayasan Bank Rakyat.
The following is a chart that explains how to apply for the PPBU loan - Image via yayasanbankrakyat.com.my
To apply for PPBU, please click on our Yayasan Bank Rakyat (Pembiayaan Pendidikan Boleh Ubah) 2018 page
TIER 1: Diploma, Vocational/Skills DIploma, Skills Certificate (April 2 - June 29, 2018)
TIER 2: Degree, Professional Qualification, Master's & PhD (July 2 - September 28, 2018)