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Sunday December 18, 2011

Bursary loans for needy students

UNDERPRIVILEGED students from rural areas will have better access to tertiary education, thanks to a tie-up between KDU University College and ECM Libra Foundation.

The institution and the foundation signed a memorandum of cooperation (MoC) to provide bursary and loan schemes to needy students from developing towns nationwide.

Prof Teoh (left) and Lim exchanging documents at the signing ceremony.

KDU University College vice-chancellor Prof Dr Teoh Kok Soo said that through this scheme, it is hoped that needy students will obtain a fair chance in gaining quality tertiary education.

“Hopefully, they will be able to carve better lives for themselves and their families,” said Prof Teoh.

The MoC includes a collaboration between KDU University College and ECM Libra Foundation to give financial assistance in the form of bursaries up to 30% by the education institution and study loans to cover the remaining costs by the financial group.

The bursary and loan will be given out based on need instead of conventional academic and co-curricular merits.

The MoC was signed by ECM Libra Foundation Board of Trustees Lim Beng Choon and Prof Teoh.

KDU Education Group chief executive officer Datin Teh Geok Lian and the institution’s admissions and bursary senior manager Kwan Kow Cheun witnessed the event.

At the signing ceremony, Lim said that lending a hand to underprivileged Malaysians to obtain quality education was the foundation’s core principle.

However, he reiterated that the help given was strictly a loan which could not be converted into a scholarship, and must be paid back in five years after graduation or starting work.

The MoC also includes an internship programme, whereby graduates will be recruited into ECM Libra Foundation for industrial training, job placements as well as professional development.

“This collaboration on the internship programme further reinforces both parties’ commitment towards developing a quality talent base needed to propel Malaysia into a developed nation status,” said Prof Teoh.

The bursary and loan scheme will be available to 10 students per intake starting from January 2012.