Finance Options

A quick guide to financing your education

If you’re thinking of continuing your education, you may be worried about the costs.

Don’t let expenses get in the way. There are several ways to lighten the load of study costs in Malaysia.

Human Resource Development Fund (HRDF)

JobStreet Education is an officially certified HRDF-claimable training company, so you can claim the cost of any course offered through JobStreet Education under the SBL (Skim Bantuan Latihan) Scheme.

Under this scheme, employers who are registered with HRDF are eligible to apply for training grants. The training programmes selected by you and your employer must be HRDF approved and be directly beneficial to business operations.

To find out if your course is covered by HRDF, speak to your employer. To find out more details about the scheme, click here.

Employee Provident Fund (EPF) withdrawals

Qualified EPF members are allowed to withdraw Account 2 savings to finance further education.

You may use the money to pay for anything related to your studies, such as tuition fees, exam fees, flights, and accommodation.

You may apply for an education withdrawal even if you’ve already paid for your tuition fees. However, those who have received scholarships and sponsorships are not eligible to apply.

The withdrawal limit for EPF is the amount of the tuition fees, or your entire savings in Account 2, whichever is lower.


Loans can be obtained from banks, but you can also get a loan from the Ministry of Higher Education. They offer an education financing scheme called the PTPTN (Perbadanan Tabung Pendidikan Tinggi Nasional) loan.

All loans are subject to repayment in instalments upon the completion of your studies.

Obtaining a loan may require a guarantor, collateral, and/or an age limit.


Grants, like scholarships, do not need to be paid back. A grant is awarded based on needs, not on merit.

Grants may be used to pay for study materials, accommodation, food, or any other costs related to studying.


A scholarship is a financial aid that does not need repayment. Scholarships may cover part of a course fee, the entire course fee, or include course fees, books, and living expenses.

Scholarships are awarded to candidates who show outstanding performance or the potential to excel in their chosen field of study. Applicants are evaluated on a variety of criteria, and the selection process may include interviews.

Some sources for scholarships include universities, governments, private or non-profit organisations, and businesses.

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