Tunku Abdul Rahman University College (TAR UC) and Yayasan Hartalega have joined hands to establish the TARC – Yayasan Hartalega Student Loan (TYHSL) under the TAR UC Student Loan Fund.
To kick off this loan, Yayasan Hartalega has injected a contribution of RM500,000.
TAR UC president Prof Dr Lee Sze Wei expressed his gratitude to Yayasan Hartalega for its generosity in setting up the TYHSL to provide a financial lifeline for underprivileged students to pursue their studies at TAR UC.
“We are truly grateful for Yayasan Hartalega’s generosity in setting up this student loan, which will benefit many needy students in TAR UC.
“With this student loan, underprivileged students are able to pursue tertiary education, which will provide them the means to create a better future for themselves.
“We recognise that there are still segments in our society who are financially deprived and such financial assistance will go a long way in helping those who are deserving,” said Prof Lee.
Hartalega Holdings Bhd managing director Kuan Mun Leong said, “Hartalega has always been active in CSR work for the community and environment in areas surrounding our operations, but with the incorporation of Yayasan Hartalega, we are now able to carry out more impactful and further reaching projects with special focus on education, health and environment.
“We are pleased to kick off Yayasan Hartalega’s first project with this collaboration with TAR UC on the student loan,” added Kuan.
Successful applicants of the loan will receive up to RM12,000 per annum and it will be valid from the year of the award until the completion of the recipient’s programme of study.
The validity of the loan is also subject to annual review of the recipient’s academic performance and conduct.
The TAR UC Student Loan
Fund is one of several financial assistance options that are made available to TAR UC students to widen access to TAR UC’s quality education.
Set up in 1979, TAR UC Student Loan has 34 interest-free revolving student loan funds available to provide financial assistance to needy and deserving students to further their education.
Since its inception, it has disbursed a total of close to RM32mil worth of student loans and benefited more than 12,000 students.