A total of 615 students from 50 institutes of higher learning, 17 private and 33 public, received higher education loans during a ceremony at the banquet hall of the State Secretariat Building, Ipoh recently.
The students qualified for the loan, which they applied online for the 2012/2013 term after fulfilling a number of criteria. The RM5 million is part of the Perak Amanjaya 2015 vision to develop human capital. The minimum amount, which is interest-free, is RM5000 for a diploma course.
Students who graduate with first-class honours can apply for a waiver, and if approved, will have their loans converted into scholarships. Those who repay their loans in one lump sum will enjoy a 30 per cent rebate.
Chief Minister Dato’ Seri Dr Zambry Abd Kadir related stories of struggles faced by parents in putting their children through education. He then witnessed the handover of cheques to the students.