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Published by Afterschool.my on Feb 08, 2013, 11:07 am
Skim Prihatin Pendidikan 1Malaysia (SPP1M) or 1Malaysia Education Caring Scheme is a top-up education loan scheme endorsed by the government and is managed by Maybank and RHB Bank (pending). The Yayasan Peneraju Pendidikan Bumiputera (YPPB) is also involved (monitoring students' performance) in this new loan scheme.
For this fund, RM1 billion has been allocated to be disbursed over five years. It will be made available for students in local universities in the second quarter of 2013 and students taking twinning programmes and programmes abroad in mid-2013.
For reference, kindly check this MQA site.
Explanation: For example, a student of Allianze University of College of Medical Sciences (AUCMS), which is not in Tier 4 or 5 universities, is taking a franchise degree course in medicine from Universiti Kebangsaan Malaysia (theMD-UKM programme), which is Tier 5 in the list. This makes the student qualify for the loan.
For more information about SPP1M, click here
Read previous news on SPP1M here
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