22nd September 2025 - 2 min read
The National Higher Education Fund Corporation (PTPTN) will provide RM41.5 million in Loan Advance Payments to 27,674 new bachelor’s degree students entering public universities and polytechnics in October 2025.
Each eligible student will receive RM1,500 to help with initial costs of admission and preparation for campus life.
Students can check their Loan Advance Payment offers through the myPTPTN application and redeem them at Bank Islam Malaysia Berhad counters nationwide starting from 24 September 2025.
To redeem, students must bring the printed offer letter from the myPTPTN application along with their MyKad. Representatives are not permitted to collect on their behalf. The validity period runs for two months, from 24 September to 23 November 2025.
Since the Loan Advance Payment scheme was introduced in 1999, a total of 990,646 students have benefited, with allocations amounting to RM1.46 billion as of 31 August 2025.
PTPTN explained that the advance is available to Malaysian students who selected the option during their admission application to public higher education institutions via UPUOnline or through the university admission portal.
To qualify, the parents or guardians of the student must also be recipients of the Sumbangan Tunai Rahmah (STR) and meet PTPTN’s eligibility criteria.
In Penang, 1,380 students have been offered the advance, totalling RM2.07 million. This includes 88 students in Bukit Gelugor, who collectively received RM132,000.
PTPTN chairman Datuk Seri Norliza Abdul Rahim expressed hope that the assistance would ease students’ entry into higher education and contribute to the production of graduates who can drive national development.
Beyond the advance, students may apply for PTPTN education loans online through the myPTPTN application, following the application dates set by each university and polytechnic. This ensures timely processing and approval of loan applications.
Applicants must have a National Education Savings Scheme (Simpan SSPN) account, which can also be opened directly via the myPTPTN application.
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Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.
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