Maju Institute for Education Development (MIED) MIC Education Loan/Scholarship

Maju Institute for Education Development (MIED) MIC Education Loan/Scholarship

Since the commencement of its operations in 1984, MIED has assisted needy students by providing study loans to pursue their courses and today it has become the leading provider of study loans to members of the Malaysian Indian community seeking such assistance for further education. From the eighties to this day, MIED's annual disbursement amount has steadily increased and helped thousands of Indian students to pursue higher education and thereby achieve major career and life goals.

For instance, in the year 2004, MIED disbursed more than RM9 million in loans to students pursuing higher education. The scarce financial resources of MIED did not deter if from approving the increased number of loan applications.

The scope of the disbursement of study loans to students were expanded last year to accommodate more subjects. Other than providing loans to students pursuing traditional courses such as Medicine, Law and Accountancy, huge amounts of loans were allocated this year to students of Information Technology and Sciences. This was in tune with the government's call for a more technology based society, thus helping to spur growth our economy. MIED does not encourage students abroad, particularly when the course is available locally. With this outlook, MIED is able to help more students pursue tertiary education and at the same time to promote the local education industry.

Syarat-Syarat Permohonan
1. Pinjaman pendidikan MIED akan ditawarkan kepada Warganegara Malaysia yang mengikuti kursus di Institusi-institusi pengajian tinggi dalam negeri dan luar negeri.
2. Bagi kursus di Institusi-institusi pengajian tinggi tempatan, semua kursus perlu diluluskan oleh Lembaga Akreditasi Negara (LAN), manakala semua kursus luar negeri perlu diiktiraf oleh Jabatan Perkhidmatan Awam (JPA).
3. MIED akan menimbang permohonan pinjaman daripada 20% hingga 50% nilai yuran pengajian tinggi.
4. MIED akan mengenakan kadar faedah 6% setahun mengikut syarat-syarat yang ditetapkan di dalam surat perjanjian.
5. Semua permohonan perlu kemukakan salinan surat tawaran daripada institusi pengajian tinggi yang mengesahkan bahawa pemohon layak mengikuti kursus yang dipilih, dalam institusi berkenaan.
6. Pinjaman pendidikan MIED tidak akan ditawarkan kepada pemegang-pemegang pinjaman lain.
7. Keputusan permohonan dan jumlah amaun pinjaman akan ditetapkan oleh Lembaga MIED.
8. Pembayaran pinjaman akan dilakukan menerusi Pejabat Bendahari Institusi pengajian berkenaan.
9. Pinjaman pendidikan MIED hanya akan diberi kepada pemohon yang layak sahaja.
10. Salinan Sijil keputusan akademik, Kenyataan pendapatan, Kad pengenalan, Salinan surat tawaran institusi pengajian tinggi dan sebagainya wajib disertakan untuk menyokong permohonan.
11. Kelulusan pinjaman adalah untuk satu tahun sahaja dan pelanjutannya bergantung kepada kedudukan kewangan MIED dan kejayaan pelajar pada tahun pinjaman diberi.
12. Sekiranya pinjaman diluluskan, pemohon perlu menandatangani satu surat perjanjian dengan MIED mengenai pembayaran balik pinjaman. Pembayaran balik akan bermula dalam enam bulan selepas permohon menamatkan kursusnya. Dua orang yang diterima oleh MIED adalah perlu sebagai penjamin kepada peminjam yang telah diberi pinjaman.

Note: Please refer to the website for application procedures and contacts.

Source: http://www.mied.com.my/

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Aid for Indian students
By A. LETCHUMANAN
Source: TheStar online, 22/06/2008

THE MIC-owned Maju Institute of Educational Development (MIED) has launched a scholarship scheme to assist Malaysian Indian students who are unsuccessful in getting scholarships.

MIC president Datuk Seri S. Samy Vellu said that scholarships would be offered to those who have excellent results in the SPM and STPM examinations.

“We will give priority to those who had submitted their results for the annual President’s Merit Award,” he said.


Samy Vellu (fifth from left) and other MIC leaders posing with top SPM and STPM scorers at the awards presentation ceremony.


According to Samy Vellu, only 50 out of the 192 students who had appealed to the Public Services Department (PSD), through MIED, for scholarships, were successful.

“We will absorb the 142 unsuccessful students into our scholarship scheme to enable them to pursue foundation studies in science or business at AIMST University in Sungai Petani, Kedah,” he said, adding that students who scored 10 1As and above would be awarded full scholarships whilst those with 9 1As and 8 1As would be awarded 60% and 50% fee waivers, respectively, to pursue foundation courses in science.

“There are also about 100 full scholarships for students who wish to pursue foundation studies in business,” he said.

This scheme will help more Indian students further their studies.

Samy Vellu had earlier presented trophies, certificates and cash awards to 374 students who scored 8 1As and above in the SPM examinations, and 37 students who had 4As and above in the STPM examinations last year.

“By honouring these high achievers, we hope to motivate them and build up their self-esteem and confidence,” he said.

MIC, through MIED, has honoured 2,074 students who have done well in the SPM and STPM examinations between 2000 and 2007.

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