Scholarship & Financial Aid

Introduction

The Malaysian Cooperative Commission (SKM) Scholarship is open to all Malaysians who have received study offers at the Diploma, Bachelor and Postgraduate (Master) levels at the Institute of Higher Learning (IPT) full time and have been confirmed placement at IPT. Priority is among the applicants who are members of a cooperative and among the children of a member of the cooperative.

This program is one of SKM agenda to develop human capital and increase the level of professionalism in the cooperative sector in line with the 7th Principle of Cooperatives - caring for the community to help cooperative members who need financial financing.

Field Of Study

• Professional literature
• Economy / Farming Business
• Accounting
• Business management
• Public administration
• Law
• Information management
• Other areas approved by the Committee
• Areas of need with the Cooperative Movement

Terms of Application

• Malaysian
• Not to exceed 45 years of age on the date of application
• Cooperative members or children of cooperative members
• Has been confirmed to register at the Institute of Higher Learning (IPT) including i- COOP College.
• Attend full-time studies
• First year students
• Does not accept any donations / sponsorships in the form of scholarships from any Body / Agency / Foundation.
• Academic qualifications
  • Diploma - Passed Sijil Pelajaran Malaysia (SPM) or equivalent.

Introduction

This is a type of loan provided by the Malaysian government is to assist students financially in public as well as private institutions of higher learning. The National Higher Education Fund Corporation (PTPTN) was established under the National Higher Education Fund Act 1997 (Act 566) and is effective from 1st July 1997. PTPTN became operational on 1st November 1997 at Bangunan Wisma Chase Perdana, Off Jalan Semantan, Damansara Heights, Kuala Lumpur.

Function(s) of PTPTN

• To manage disbursement of student loans for the purpose of higher education, and to collect loan settlements.
• To collect deposits, design and offer savings schemes for the purpose of saving for higher education.
• To carry out any other functions given to the PTPTN under any written legislation.

Eligibility

• Malaysian Citizen.
• Not exceeding 45 years of age on date of Application.
• Received an offer from IPTS by fulfilling the entry requirements set by the Ministry of Education Malaysia and the Malaysian Qualifications Agency (MQA).
• The courses attended by students must be approved by the Ministry of Education Malaysia and registered with PTPTN.
• The course must obtain the Certificate of Accreditation from the Malaysian Qualifications Agency (MQA) and still be within the validity period on the date of application.
• The remaining period of study upon application must exceed one (1) year.
• Have no sponsors (ex. MARA or JPA) or scholarship(s).
• Have opened SSPN1M account.

Other Criteria

Students who have received a PTPTN loan through previous colleges / universities but have left or have not completed their course, are required to terminate the contract and make full payment with PTPTN before a new application can be made.

PTPTN Application PIN Number

The PIN number can be purchased online through the PTPTN website or via Bank Simpanan Nasional (BSN) for RM5.00 (valid for 6 months ONLY). Please keep the receipt for website login purposes.

SSPN1M Account

The 1Malaysia National Education Savings Scheme (SSPN1M) is a savings scheme specifically designed by the National Higher Education Fund Corporation (PTPTN) for higher education financing purposes.

Beginning 1 January 2012, students applying for PTPTN education loans must have an SSPN1M account with a minimum savings amount of RM20.00. An SSPN1M account can be opened online through the PTPTN website or at: Maybank, Bank Rakyat, Bank Islam, Agrobank or any PTPTN branch to get the account number immediately.

Introduction

This scheme allows Employees Provident Fund (EPF) members to withdraw from Account II to pay the fees to undertake further studies in local or overseas institutions.

Beginning 2 April 2018, all withdrawal transactions for higher learning institutions can ONLY be made online via members i-Akaun.

e-Pengeluaran is an online EPF withdrawal application via EPF website for members with i-Akaun.

Who Is Eligible to Apply

• Malaysian.
• Has not reached age 55 on the date of application.
• Has savings in Account 2.
• Is i-Akaun EPF user.

5 Easy Steps Using e-Pengeluaran

• Register / Login to i-Akaun through EPF official website..
• Choose the Withdrawal tab. Click New Application to begin the transaction..
• A notification via SMS will be sent to you for a thumbprint verification at the EPF counter (Wait for notification from EPF for thumbprint verification)..
• Visit any EPF counter once notification is received..
• Payment will be credited to the applicant savings account (CLAIM / UNITAR account).

Terms Of e-Pengeluaran

• Existing educational withdrawal requirements still apply. Refer to EPF website.
• Has i-Akaun.
• Member / Subsidiary pursuing studies at Higher Learning Institution who joins e-Pengeluaran.
• Member / Subsidiary wants to settle the remaining balance outstanding to the institution that gives loans and they are participating in e-Pengeluaran.
• For the purpose of approval, the applicant must carry out identification of thumbprint at the EPF counter.
• Payments are made via direct credit to member bank savings / current accounts or Institution account.
• Members who do not meet the requirements of e-Pengeluaran may submit their applications at the counter or by post.

Additional Information

After submitting the online application please email to bursary@icoop.edu.my and provide the necessary information regarding your withdrawal. The details of information needed are as follows:

• i-Akaun Member Name
• Student Name
• Matric No
• Handphone No
• Withdrawal Amount
• Reason for withdrawal application

• Yayasan Scomi
• Yayasan Wilayah Persekutuan
• Yayasan Terengganu