IPTA & IPTS | Diploma to Master | PTPTN Alternative | Parents Can Apply
Complete Cost Breakdown: IPTA vs IPTS Universities
Universiti Awam (UM, UPM, UKM, UTM, USM, etc.)
Tuition Fees (4 years):
Living Expenses (4 years):
Equipment & Initial Costs:
📊 Total 4-Year Investment:
RM45,000 - RM85,000
(Medicine: RM70,000-110,000 for 5 years)
✅ PTPTN Available: Most students use PTPTN for tuition, but still need RM30,000-50,000 for living expenses, laptop, and books over 4 years.
Taylor's, Sunway, INTI, Monash, HELP, etc.
Tuition Fees (3 years):
Living Expenses (3 years):
Equipment & Initial Costs:
📊 Total 3-Year Investment:
RM100,000 - RM200,000
(Medicine: RM300,000-500,000 for 5 years)
⚠️ PTPTN Limitations: PTPTN maximum is RM45,000 total (RM15k/year × 3 years). For programs costing RM70k-200k, you need additional RM55,000-155,000 financing!
Why Many Students Need BOTH PTPTN AND Personal Loan
✅ Advantages:
❌ Limitations:
💡 PTPTN is great for tuition, but you still need RM30,000-50,000 for everything else!
✅ Full Flexibility:
⚠️ Trade-offs:
🎯 Best Strategy: Use PTPTN for tuition + our loan for laptop, books, living expenses!
Apply for RM50,000 education loan to cover:
Monthly payment: RM920/month for 5 years @ 7.5% APR
4 Common Scenarios Where Education Financing is Essential
Most common scenario
✅ How Parents Apply:
Career advancement investment
Part-Time Degree/Master:
Weekend/evening classes while working. Cost: RM35,000-80,000 over 2-3 years.
Professional Certifications:
ACCA (RM25k), CFA (RM15k), PMP (RM8k), AWS (RM12k)
Skills Bootcamps:
Coding bootcamp (RM15-25k), Digital Marketing (RM8-12k), Data Science (RM18-30k)
💡 ROI Example: Invest RM25k in coding bootcamp → salary increase from RM3.5k to RM5.5k/month (+RM2k) → loan paid off in 14 months, then pure profit!
Continue education immediately
✅ Solution: Parent applies as borrower, student pays back after graduation with Master's-level salary (typically RM4,500-7,000 starting).
Changing industries/roles
Sales → IT (Coding Bootcamp)
RM20-25k for 3-6 month intensive program
Admin → Accounting (ACCA)
RM25k for full qualification over 2 years
Any → Digital Marketing
RM10-15k for comprehensive certification
⚠️ Challenge: Need to continue paying bills while studying. Loan amount should cover course fees + 3-6 months income replacement.
Real People Who Invested in Education and Transformed Their Lives
Government Officer, Financing Daughter's Pharmacy Degree
"Anak saya dapat offer Pharmacy dari Taylor's University. Program 4 tahun kos RM110,000. PTPTN bagi RM45,000 je. Kekurangan RM65,000!"
"Gaji saya RM4,200 sebagai Pegawai Tadbir. Tak cukup savings untuk bayar cash. Tapi saya tahu pharmacy graduate boleh dapat gaji RM3,500-4,500 first job. Ini investment yang berbaloi."
"Apply education loan RM60,000. Approval dalam 2 hari (sebab government servant). Guna RM50k untuk balance tuition, RM10k untuk laptop, books, dan accommodation deposit semester 1."
"Sekarang anak dah Year 3. Dia ambil part-time kerja di farmasi (RM800/month) untuk tolong expenses sendiri. Next year graduate, dia akan sambung bayar loan ni. Total monthly RM870 ringan untuk pharmacist salary!"
✅ Investment: RM60k → Daughter's pharmacist career (RM3.5-5k/month) → Priceless! 💊
Admin Executive → Bachelor's Business Management (Part-Time)
Before: "I was Admin Executive earning RM2,800/month. Stuck in this position for 4 years. All management positions required degree, but I only had diploma."
"HELP University offered part-time Business degree - weekend classes, 3 years, RM42,000 total. I could keep working, but couldn't afford RM14k/year upfront."
"Applied for RM35,000 education loan to cover tuition + books. Company gave RM500/month study allowance which helped with loan payment RM700."
After (Year 3): "Just graduated! Got promoted to Assistant Manager, salary RM4,200 (+RM1,400 increase). The RM700 loan payment is nothing now. Best investment ever! 📈"
📊 ROI: RM35k investment → RM1,400/month salary increase → Break-even in 25 months!
Retail Sales → Software Developer
Previous job: Retail sales at phone shop, RM2,200/month + commission (total RM2,800). Hated the hours, no career growth, max can reach RM3,500 as supervisor.
The decision: Saw NEXT Academy coding bootcamp - 3 months full-time, RM22,000. Needed extra RM6,000 for living expenses during study (quit job).
"Scariest decision ever. Borrowed RM28k, quit my job, went all-in on coding. 12 hours/day for 3 months learning React, Node.js, databases."
The payoff: "2 weeks after graduation, landed Junior Developer job at RM4,500/month! 6 months later, Mid Developer at RM5,800. I'm paying RM877/month loan comfortably and still saving RM1,500/month. Life-changing! 🎉"
💰 Salary jump: RM2,800 → RM5,800 (+RM3,000/month) → Extra RM36k/year for rest of career!
See Your Monthly Payment for University, Diploma, or Professional Course
💡 Typical education loan rates: 6.5-9% APR depending on amount, tenure, and borrower's profile. Parents with stable income get better rates. Large amounts (RM50k+) may require guarantor.
Common Questions About Financing Education
Answer: Yes! This is actually the MOST COMMON scenario.
✅ Parent as Principal Borrower:
📋 Required Documents:
💰 Repayment Options:
💡 Pro Tip: If both parents are working, apply under the parent with higher salary + better credit score for best rates and higher approval amount.
Answer: Yes, we finance overseas education! (PTPTN doesn't)
💰 Typical Overseas Costs & Financing:
Answer: Yes, loan must be repaid regardless. This is a PERSONAL LOAN, not conditional.
❌ NOT Like PTPTN:
PTPTN is government-backed education loan with special rules (can defer, write-off in certain cases). Personal education loans are commercial loans - once money is disbursed, repayment obligation starts regardless of study outcome.
📜 Legal Reality:
✅ Risk Mitigation Strategies:
💡 Best Practice: Apply for RM15,000 for Year 1 first. If student does well, apply for another RM15k for Year 2. This minimizes risk vs borrowing RM45k upfront.
Answer: YES! We're much more flexible than traditional education loans.
Coding Bootcamps:
NEXT Academy, General Assembly, Le Wagon, Sigma School (RM15k-25k)
Professional Certifications:
ACCA, CFA, AWS, Google Cloud, PMP, CISSP (RM8k-30k)
Skills Training:
Digital marketing, data analytics, UX/UI design courses (RM5k-15k)
Online Degrees:
Open University Malaysia, Coursera degrees, edX MicroMasters
💡 Tip: Include placement rates, salary statistics, graduate outcomes from the bootcamp/course to strengthen your application.
⚠️ Red Flags We Avoid: "Get rich quick" courses, MLM "training", crypto trading courses, dropshipping courses with unrealistic promises. We only finance legitimate, skills-based education.
Answer: It depends on the type of loan and education.
✅ Eligible for Tax Relief (Section 60B):
📊 Tax Relief Example:
If you're in 14% tax bracket:
Tax savings = RM3,300 × 14% = RM462/year saved!
📄 Documents to Keep:
💡 Request annual interest statement from us after year-end for tax filing.
Important: This is general guidance. Tax rules can change. Consult with tax advisor or LHDN for your specific situation. Different relief categories have different limits.
Finance Your University, Diploma, Professional Courses Today
Flexible Financing
IPTA, IPTS, overseas, bootcamps, all accepted
Fast Approval
24-48 hours vs PTPTN's 2-3 months
Parents Can Apply
Better rates with parent's stable income
Up to RM100,000
Cover full program + living expenses
⏱️ Approval dalam 24-48 jam | 💳 Boleh guna untuk tuition + laptop + books + living | 🎓 Parents & students welcome