Answer is no.
You can't get one lump sum. They process the payouts in batches.
for example,
the WHOLE COURSE for a programme is RM16k, and you apply for the loan. They will see if you are qualified for the loan and decide what amount you should get. If you fail at the requirements, then you're off.
Then IF they set your loan to be RM15k, then it would be not more than that. And this money you cannot collect the whole figure, they will 'pay' you the money in batches.
Like in one year alone, they only release RM5k for business students. And that RM5k is made in two payments, one at the first sem (first half of the year) with the sum of RM2500 and the second half will be given at the second sem (second half of the year)
Even if you got the loan, it's a pain to wait for the money to arrive to you. Like some of us borrowers are still waiting for the payout where it was suppose to be released in 2007. Now we are still waiting...
If you apply for this loan, you need to fork out your own money first in order to pay and wait for them to release the fund to you... Which is really a troublesome matter.
Some
Financial Support...
thanks for the reply. does this also apply to public uni students?