Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) is a statutorybody responsible for managing the financing of the education of students inpublic higher education institutions and the private sectors in Malaysia. Itwas was established under the National Higher Education Fund Act 1997(Act 566) and is effective from 1st July 1997. PTPTN became operational on1st November 1997 at Bangunan Wisma Chase Perdana, Off JalanSemantan, Damansara Heights, Kuala Lumpur to replace JabatanPerkhidmatan Awam (JPA), which previously provided assistance foreducation loans for students
PTPTN functions are to manage disbursement for the purpose of highereducation, and to collect loan settlement, collect deposits, design and offersaving schemes for the purpose of saving for higher education and carryout any other functions given to the PTPTN under any written legislation. Itwas established to ensure efficient financing for students who are eligibleto pursue studies at institutions of higher learning (IPT) in line withgovernment aspirations that no student should be denied access to highereducation because of financial reasons. The loan scheme will enablestudents to fully or partially pay their fees and their subsistence for theduration of their study in the IPT. Thus, the scheme provides greateropportunities to students to continue their tertiary education
Following are the criteria for students who eligible to apply for educationloans:
•Malaysian citizens;
•Not exceeding 45 years of age on date of application;
•Passed Malaysia Certificate of Education (SPM) with credits in any 3subjects;
•Passed SPM for Community College Certificate and PolytechnicDiploma graduates with CGPA 3.0 and above;
IPTA/IPTS/Polytechnic students must register to pursue coursesapproved by the IPT Management Department (IPTA/IPTS)/PolytechnicManagement Department and Community College of the Ministry of HigherEducation;
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IPTS students must obtain the Accreditation Certificate from theMalaysian