MARA allocates RM2 billion for scholars this year

Majilis Amanah Rakyat (MARA) announced that it has allocated RM2 billion for approximately 25,000 students who want to further their studies in various fields at the degree, masters and doctorate levels this year.

This year's budget is a special allocation by the federal government is separate from the RM1 billion education budget which was announced by the prime minister in Budget 2014, said MARA chairman Tan Sri Annuar Musa.

Furthermore, MARA had written off RM1 billion of the education loans to its sponsored students.

This loan reduction is awarded to academic achievers, students from low-income families and those who are still jobless after graduating.