Penang Future Foundation Scholarship (Mutiara Scholar)

General Criteria

1. Minimum CGPA of 3.00 in STPM/ Foundation/ Matriculation/ Diploma/ UEC & equivalent; OR
2. Currently pursuing an undergraduate course in Malaysia IPT with minimum CGPA of 3.00; and
3. Household income not more than RM 5,000 per month (equivalent to RM 60,000 annualized); and
   • Parents’ 2 years tax return/ BE Form must be attached
4. Malaysian 25 years or younger; and
5. Entering/ Currently pursuing full time first undergraduate Degree (fully accredited by MQA) in Malaysia

Priority

1. Penangite or studied in Penang
2. Academic achievements
3. Good cognitive skills ie: leadership, communication, teamwork
4. Recipient of state/ national/ international level prize/award; both academic and non-academic

MQA fully-accredited courses in Science*, Technology, Engineering, Mathematics (STEM) and Accountancy/ Finance

*Exclude Medicine

1. Living Allowance of RM 500 per month (to be paid out quarterly)
2. Tuition Fee not exceeding RM 60,000 for the entire course (based on actual amount invoiced by the university / pays directly to university)
3. Award only takes effect upon execution of scholarship agreement and does not cover retrospective tuition fee/ living expenses incurred by the scholar.

Academic Performance Standard & Maintenance

1. Must maintain CGPA of 3.00 and above at all times.
2. Reminder of possible revocation will be served for any semester of CGPA below 3.00.
3. Timely submission of the latest examination slip at the end of each semester.

Service Bond

1. To work in any organization of own choice (private OR public sector) in Penang
2. Bond Period calculated based on the value of Tuition Fee AND Living Allowance sponsored; one year of service for every RM 20,000.
3. Minimum one year service bond, maximum of EIGHT years.
4. Bond is served by period of actual employment in Penang.

Tuition Fee AND Living Allowance Sponsored

• Less or equal to RM 20,000: 1 Year Service Bond
• > RM 20,000 – RM 40,000: 2 Years Service Bond
• > RM 40,000 – RM 60,000: 3 Years Service Bond
• > RM 60,000 – RM 80,000: 4 Years Service Bond
• > RM 80,000 – RM 100,000: 5 Years Service Bond
• > RM 100,000 – RM 120,000: 6 Years Service Bond
• > RM 120,000 – RM 140,000: 7 Years Service Bond
• > RM 140,000 – RM 160,000: 8 Years Service Bond