Inb4 the comments coming after me for being an idiot for not understanding legal contracts before signing it, I'm not faulting the education bond provider, this post is purely to tell my story so someone who may be in my position has some sort of guidance.
I come from a pretty average family. I'm the first generation from my family that attended university. I have a younger sibling that isn't as academically blessed as myself (not that I'm great either) so when one of my parent became jobless, it fell on me to try and get a scholarship of some sort to lighten the burden since we were planning to send my sibling to university too.
I received two offers. Both weren't fantastic but Malaysia doesn't have anything against unfair contract. I took the one that would bond me for four years. In return, they'll pay for my education and some living expense.
Fast forward to today. I've decided to resign and joined a new company. If I terminate my contract at anytime during my bond period, I have to pay in full with a 4% penalty. I tried appealing, but to no avail.
Why did I resign? A multitude of reasons. My peers were out there getting bread in good paying jobs at companies with good benefits. I know giving a speech at a graduation ceremony doesn't amount to much in five years time, but it was really sad to see where I stood in comparison to my peers. I also didnt do enough research into the company I was attached to because they have had a salary policy that hadn't change for FIVE years. Culture wasn't great either. I was unfortunate to be placed in a department that was really new and not really appreciated (I would go as far as say disliked by some).
If you, young student, stand in this position I once was in, think carefully. You should ask the company all the questions in the world:
1. What position and department would I come in as?
2. Do you have a structured talent development program?
3. What's the culture like?
4. Turnover rate?
5. Entry level salary?
6. Employee benefits?
7. Dress code? Parking?
Ask everything you can think of. Ask like you're interviewing for a job at the company, not the education bond. Because one day you'll be working there.
I wish I wasn't so naive and had someone tell me all these things.
Also, scholarships don't require you to pay back or return them anything. The bond I was on was branded as a scholarship. Couldn't be further from the definition of the word.
Yes, OP is the stupid one. But I don't want anyone to make the same mistake I did. Take my experience as a lesson and make better mistakes than I did.
Scholarships in Malaysia (personal experience), Education bonds are not scholarships.
Jun 30 2020, 10:25 AM, updated 6y ago
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