FINANCIAL AID

The government of Malaysia has consistently stressed on the importance of education as one of the most important sectors of growth for the country. With this in mind, the Education Ministry and other relevant governmental bodies have made available many types of financial packages from banks, financial institutions, state departments, government-linked agencies and local organizations which basically offer scholarships, loans and financial aid to local students.

The university college has a dedicated department called the Bursary and Financial Aid Department which helps in applications and processing for study loans from the various financial bodies. Students can request for details and forms from the department. The following financial bodies that provide aid are:-

PTPTN

• PTPTN loan is open to ALL DIPLOMA and DEGREE full-time students with a    minimum of three (3) credits in SPM.

• Maximum loan approved for 3 year-DIPLOMA Program is RM 24,000

• Maximum loan approved for 3 year-DEGREE Program is RM 48,000

MAJLIS AMANAH RAKYAT (MARA)

• MARA loan is open to only BUMIPUTRA DIPLOMA students for 4 approved programs (as    stated below) that require a minimum five (5) credits in SPM including Bahasa Malaysia,    Mathematics and Science :-

1) Diploma Information Technology

2) Diploma Multimedia Application

3) Diploma Computerized Graphic Design

4) Diploma E-Business

• ADVANCED CERTIFICATE students from Cosmopoint College of Technology with CGPA 2.00    and a credit in Bahasa Malaysia in SPM are also eligible to apply for MARA loan when they    proceed to DIPLOMA Program.

SOCSO

• SOCSO loan is only for those who have not reached 21 years of age, is single and does not    have any other sponsors.

• Loan amount approved is based on the total fee cost of DIPLOMA or DEGREE Program is    inclusive of living allowance.

EMPLOYEES PROVIDENCE FUND (EPF)

• Students may opt for EPF withdrawal either from their own EPF Account II or their parents'    account.

• EPF withdrawal can be made on a yearly basis.

• EPF withdrawal can also be used to reimburse fees which have been paid to the    University/College.

• EPF withdrawal can also be used to settle study loans from loan sponsoring bodies.

COMMERCIAL BANKS/FINANCIAL INSTITUTIONS

• Education Loan from Bank Rakyat Berhad (AL-FALAK)

• Personal Financing from Al-Rajhi loan - does not require any guarantors, loan amount can    be five times the amount of salary and minimum salary required is only RM1, 500.

FEDERAL TERRITORY FOUNDATION

• This education loan is only open for students or whose parents are born in Kuala Lumpur , or they have been residing in    Kuala Lumpur for more than 7 years.

• The loan is open for CERTIFICATE, DIPLOMA or DEGREE Program.

BAITULMAL WILAYAH PERSEKUTUAN

• Baitulmal Grant or Scholarship is only open to MUSLIM students who have been residing in Kuala Lumpur for NOT LESS    than a year.

• The grant or scholarship approved amount is based on household income and number of dependants.

• The grant or scholarship is available for CERTIFICATE, DIPLOMA or DEGREE Programs.