This post is on whether PTPTN study loan suffices for Malaysian students to complete their studies.
Will your PTPTN study loan suffices
For most Malaysian university students and parents, the main concern is not whether the students will be able to graduate with flying colours or not.
Rather, their main concern is whether the student has sufficient financial support throughout his or her studies.
I can understand this as courses fees and other courses materials can reach a few thousand for one semester. Basic living needs is another area where students spend a big portion of their money.
For most Malaysian students including myself, we are considered lucky as PTPTN provide study loan for most courses and approved universities and colleges.
The question is whether these students know how to plan their finances wisely throughout their courses.
How PTPTN is assisting in managing PTPTN study loan
PTPTN is doing a very smart control to their study loans. What I meant is that PTPTN only bank-in the needed amount in each semester.
In my case, PTPTN pays the course fees and other fees to the respective university first. Only then, the balance will go to the student’s bank account.
In another way, PTPTN is helping the students to plan and monitor their finances.
No matter what, students must do their own proper financial planning throughout their studies. They must plan a proper budget which includes the following:
- course materials books
- special devices or tools
- reference material
- computer, printer and broadband subscription
- living and transportation charges
- other miscellaneous expenses
Most of the time, the list can be more than the above.
Final thoughts
On whether the PTPTN study loan is sufficient, with proper budgeting, PTPTN study loan is sufficient for you to get your degree or master degree.
Besides, with proper budgeting, students not only have peace of mind to concentrate on their studies but they might be able to prepare a special fund for the down payment of their first car as well.
9 years ago i was granted the PTPTN money, it was around 64k for 4 years for my university course. It was more than enough for tuition fee and for life supporting spending with remaining, at least when i'm calculating it now. But i finished them all every semester, which i shouldn't have..
Hi Zen, thanks for dropping by. 64k is really a lot 🙂 The past is a past and we always look forward for a more meaningful future. I had a glimpse at your blog and it's great that you're sharing your personal experience. Keep posting!
I’m studying for a diploma, and they granted only RM5k. Advanced diploma, RM7K/year.
Hi, you meant RM5K/year? Based on the current economy where most prices had increases, it's not an easy task to survive diploma with RM5K/year. But, do take this opportunity to learn on spending smart. And perhaps can consider side income. All the best.