KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) is offering RM41.5mil in Loan Advance Payments to 27,674 bachelor's degree students entering public universities and polytechnics this October.
Students can check their Loan Advance Payment offers via the myPTPTN application and redeem them at Bank Islam Malaysia Berhad counters nationwide starting Sept 24, it added.
"Students only need to bring along the offer letter printed through the myPTPTN application and their MyKad (representatives are not allowed). The validity period for the offer is two months, from Sept 24 to Nov 23, 2025," it said in a statement Saturday (Sept 20).
Under the offer, every eligible new student would receive RM1,500 to help with their initial preparation for entering universities and polytechnics.
Since its introduction in 1999, 990,646 students have benefited, with allocations amounting to RM1.46bil, as of Aug 31.
PTPTN added that the offer was for Malaysian students who agreed to receive it during their admission application to a Public Higher Education Institution via UPUOnline or through the UA admission portal.
In addition, the student's parents or guardians must also be recipients of the Sumbangan Tunai Rahmah (STR) and meet the eligibility criteria.
It also announced that 1,380 students in Penang were offered the advance, amounting to RM2.07mil, including 88 students in Bukit Gelugor who received a RM132,000 allocation.
"May this assistance ease your journey in gaining knowledge and help produce quality graduates who can contribute to the development of the nation," said PTPTN chairman Datuk Seri Norliza Abdul Rahim.
Students can apply for PTPTN loans online through the myPTPTN application, according to the application dates set for each university and polytechnic, to ensure their loans are processed and approved accordingly.
Applicants must have a National Education Savings Scheme (Simpan SSPN) account, which can also be opened via the myPTPTN application. – Bernama
