Latest news with #LoanAdvancePayment
The Star
a day ago
- Business
- The Star
PTPTN allocates RM47.8mil in advance loans for July 2025 intake
KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) has allocated RM47.8mil in Loan Advance Payment (WPP) to 31,850 students pursuing diploma studies at public universities and polytechnics for the July 2025 intake. In a statement on Wednesday (July 2), PTPTN said each eligible student will receive RM1,500 to assist with initial preparation costs, ensuring their welfare is safeguarded as they begin their higher education. WPP is offered to Malaysian students who consented to receive the advance loan during their application to public higher education institutions (IPTA) via UPUOnline or the official admission portals, and whose parents or guardians are recipients of the government's Sumbangan Tunai Rahmah (STR) aid, subject to eligibility criteria. Since its introduction in 1999, WPP has benefited 990,638 students with total disbursements amounting to RM1.46bil as of May 31 this year. As an agency under the Higher Education Ministry (MOHE), PTPTN said it remains committed to supporting students in gaining access to tertiary education. Students can check their WPP offer through the myPTPTN app and redeem the funds at any Bank Islam Malaysia Bhd (BIMB) branch nationwide from today until Sept 1, by presenting their WPP offer letter and MyKad, although representatives are not allowed. PTPTN chairperson Datuk Seri Norliza Abdul Rahim led a delegation to personally visit WPP recipients in Bukit Gelugor, Penang, where a total of 1,419 students were offered assistance mounting to RM2.13mil. Norliza advised students to use the funds responsibly and encouraged them to apply for full PTPTN loans according to their institution's application timeline to ensure timely processing and approval. Applicants are also required to open a National Education Savings Scheme (Simpan SSPN) account via the app before submitting their PTPTN loan applications. - Bernama
The Sun
a day ago
- Business
- The Sun
PTPTN allocates RM47.8m advance loans for July 2025 intake
KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) has allocated RM47.8 million in Loan Advance Payment (WPP) to 31,850 students enrolling in diploma programmes at public universities and polytechnics for the July 2025 intake. Each eligible student will receive RM1,500 to cover initial preparation costs, ensuring financial support as they begin their higher education journey. The WPP is available to Malaysian students who opted for the advance loan during their application via UPUOnline or official admission portals. Eligibility is also tied to parents or guardians receiving the government's Sumbangan Tunai Rahmah (STR) aid. Since its launch in 1999, WPP has assisted 990,638 students with total disbursements reaching RM1.46 billion as of May 31 this year. PTPTN, under the Higher Education Ministry (MOHE), continues its commitment to facilitating access to tertiary education. Students can verify their WPP offer through the myPTPTN app and claim the funds at any Bank Islam Malaysia Bhd (BIMB) branch until September 1. They must present their WPP offer letter and MyKad, with no proxy redemptions allowed. PTPTN chairperson Datuk Seri Norliza Abdul Rahim visited WPP recipients in Bukit Gelugor, Penang, where 1,419 students received RM2.13 million in aid. She urged students to use the funds wisely and apply for full PTPTN loans according to their institution's timeline. Applicants must also open a National Education Savings Scheme (Simpan SSPN) account via the app before submitting their loan applications.
