Funding Your Education Without PTPTN

Just the mention of money is enough to put people in distress. But this time, it doesn’t have to be, as coursesmalaysia lists down some little-known financial aid that will ease this process for you.

It’s natural for people to gravitate towards PTPTN to help fund their education, specifically when they’re doing their degree. However, there are more financial aids that are often swept under the rug, and the truth is, you don’t have to know all of what is out there – just where to look. 

#1 Bantuan Kewangan Asasi

This financial aid that curates to SPM leavers, who are enrolled in the Foundation programme under their listed public universities in Malaysia. As this aid is needs-based instead of merit, this aid is only available to students whose combined family income is less than RM10,000. 

For more information, you may visit their website at

#2 Yayasan Negeri

Known as State Foundations in English, this is a government loan students can apply for according to the state where they were born in. As an example, students born in the Selangor state may apply for loans coming from Yayasan Selangor only. The amount of loan offered will naturally vary according to each state, however, it does open doors to applicants who reside in every state in Malaysia.

Hence, each state has their separate websites, so you would need to look them up according to the state in which you were born.   

#3 Bantuan Pelajaran Tunku Abdul Rahman (BPTAR)

The creation of this financial assistance is devoted to students who come from a low-income family background. It covers the cost of living for two semesters, which is about 10 months. This is only available to those in public universities.

To know more, please refer to

#4 SOCSO Education Loan

Malaysia’s Social Security Organisation (SOCSO), also known as PERKESO administers education loans to individuals who are financially challenged, as well as those who couldn’t secure loans from other organisations. This loan is applicable to students studying at both public or private universities, and whose diploma and degree courses are MQA-approved. 

Visit their website at for more information.

#5 Bantuan Kewangan Pelajar Orang Kelainan Upaya

Funded by the Ministry of Higher Education (MOHE), this aid aims to assist OKU (Orang Kelainan Upaya) students to obtain funds to further their tertiary studies in private or public universities, polytechnics, or community colleges. It is worth noting that one’s family income level will not be a deciding factor for a disabled student to receive this aid. Moreover, students must be registered under the Social Welfare Department (JKM).

Should you require further information, please refer to

#6 Pembiayaan Pendidikan Boleh Ubah (PPBU)

PPBU is an education loan created by Bank Rakyat specifically dedicated to students who require further financial assistance. It is independent of race, ethnicity, and religion. Students will be required to have a Bank Rakyat account with a minimum amount of RM100, not to mention, this loan is interest-free!

However, priorities will be given to certain fields of study, which you will be able to find on their website at

#7 Bank Rakyat Education Financing-i

This loan allows applicants between the ages of 18 – 60 to apply, ensuring that mature students are also taken care of. You would have to be a Malaysian citizen, as well as have a minimum fixed monthly income of RM2,000 to be eligible. 

For more information, please visit their website at

#8 Hadiah Pengajian IPT (HPIPT) Negeri Selangor

If you’re looking for a loan that comes with an allowance, look no further. Unfortunately, this aid will only be available to students who fulfilled the Selangor-born requirement to be considered eligible. Once your application is approved, you will receive a one-off allowance worth RM1,000. 

To ensure your eligibility, visit their website at

There you have it, a few loans to start you off in the right (and stress-free!) direction. However, do keep in mind that there are more options out there available to you that we didn’t cover, and you should do a thorough research before applying. A few things worth noting would be to check the interest rate of each loan you’re about to apply, as well as the bonds (this requires you to work for the institution after you graduate). 

If you think student loans is not what’s best for you, fret not, had on to the scholarship tab to search for your education fund!