Selangor offers interest-free education loans

(Bernama) – The Selangor government is offering education loans to students in the state to further their studies to degree level at institutions of higher learning owned by it.

Menteri Besar Abdul Khalid Ibrahim said the offer was made to Sijil Pelajaran Malaysia (SPM) holders with at least 5As to study at Universiti Industri Selangor (Unisel) and Kolej Islam Antarabangsa Selangor (Kuis).

“Loans up to RM25,000 per person are offered to those eligible for selected courses.

“The loan will be automatically converted to scholarship if the student gets a cumulative grade point average (CGPA) of 3.75 and above,” he told reporters after chairing the weekly state executive council meeting here today.

The loan offer was made under the State Secretary Loan Scheme and further information could be obtained from the state government’s website from tomorrow, he added.

Priority would be given to those born in Selangor and with outstanding SPM results.

Asked whether the offer was made to overcome the problem of lack of students at Unisel, Khalid said it had nothing to do with the issue because the state government was also offering loans for courses at Kuis.

He also said that the state government would hold a Selangor Knowledge Day on June 26, which would kick off with the launch of the Perdana Reading Movement at Tasik Shah Alam, aimed at carving a place in the Malaysia Book of Records as “The Greatest Outdoor Reading Event in Malaysia”.

All the people of all ages from Selangor were invited to join the programme from 10am to 11am by bringing along their own reading materials to read as a family, he said.