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Education scheme payments online. |
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Wednesday, 25 July 2007 |
KUALA LUMPUR, 25 July (The Star) -- Parents can now make online payments to the National Education Savings Scheme (SSPN) through various banks.
Deputy Higher Education Minister Datuk Ong Tee Keat said banks accepting the payments via the online “e-SSPN” service included Bank Islam Malaysia Bhd, CIMB Bhd, Public Bank Bhd, Maybank and Hong Leong Bank Bhd.
“e-SSPN will provide more convenience to parents as they now have to contribute to the scheme before their children can apply for loans under the National Higher Education Fund Corporation (PTPTN),” he told reporters after receiving a briefing on SSPN at PTPTN’s one-stop centre in KL Sentral.
In February, Higher Education Minister Datuk Mustapa Mohamed announced a new condition for those wanting to obtain PTPTN loans.
He said students’ parents would have to contribute to the SSPN before applying for PTPTN loans.
Parents with a monthly income of more than RM2,000 must have at least RM3,000 in the scheme while those with an income of below RM2,000 needed to have RM500 before their children could become eligible for a loan.
This would take effect from Jan 1 next year, he said, adding that when students applied for the loans, they would have to show proof that their parents had savings in the scheme.
On another matter, Ong said students could also apply for PTPTN loans online.
“PTPTN has approved 44,137 loan applications this year from students in public universities while 543 were rejected,” he said.
He added that the applications were rejected because applicants did not meet the minimum requirements. |
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Last Updated ( Friday, 18 January 2008 )
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