Prime Minister Datuk Seri Najib Razak today launched the Skim Prihatin Pendidikan 1Malaysia (SPP1M) to assist students at the tertiary level obtain additional study loans. He said the government had allocated a huge sum for study loans and scholarships in view of the rising cost of higher education which puts pressure on parents, especially those paying for their children’s studies.
“Realising the need, the government introduces the SPP1M as additional funding with the loans limited to RM150,000 for a medical specialist course and RM100,000 for the critical courses chosen,” Najib told reporters at the launch ceremony here, today. The SPP1M loan acts as a top-up to the existing National Higher Education Corporation Fund loan for students pursuing their bachelor’s degree or master’s in certain fields. Read more...