Some students lose their incentive to study after receiving full-ride scholarships; however, recipients of Bank Rayat Scholarship have an incentive to study since their scholarship is dependent on their grades.
Basically, it works like this. All eligible Malaysian students are given the scholarship award; however, whether you pay your scholarship back or not depends on your cumulative GPA. If you do great in college, you don’t have to pay anything back to Bank Rayat; however, if you do poorly, you need to pay your scholarship money back to Bank Rayat.
Before covering the specific money percentages and their related CGPA, let’s get into the eligibility requirements and the scholarship value of Bank Rayat Scholarship!
Eligibility Requirements / Values
Bank Rayat Scholarship covers the following levels of higher education: Skills Certificate, Diploma, Bachelor’s Degree, Professional, Master’s Degree, and Doctorate (Ph.D.). For clarity, I will first list only the general eligibility requirements of Bank Rayat Scholarship, and then, you can check the specific eligibility requirements of each educational level.
To be eligible for Bank Rayat Scholarship, you need to meet all general eligibility requirements and also meet the specific eligibility requirements of your educational level.
General Eligibility Requirements
- Be a Malaysian
- Demonstrate Financial Need
- Qualified to be Enrolled Full-Time at Local Institution or Training Institutes Recognized by the Malaysian Government*
- Be Applying for a Field of Study Accredited by JPA, MQA, NVTC, GA**
*Most institutions in Malaysia are accredited by MQA (Malaysian Qualifications Agency). If you have a university in mind, you can check to see if your university is MQA-accredited.
**In addition to being qualified for an accredited institution, you also need to be applying for a field of study accredited by JPA (Public Services Department), Malaysian Qualifications Agency (MQA), Malaysian Vocational Training Council (NVTC), and Government Agencies of Malaysia (GA).
Scholarship Value – Tuition Fee / Monthly Allowance
After Meeting the General Eligibility Requirements, Click Here for Specific Eligibility Requirements!
Always More Incentives!
As I have said before, repayment of your scholarship money depends on your Cumulative Grade Point Average, and CGPA is based on the grades that you make each semester. For example, if you have received the scholarship for a bachelor’s degree, the CGPA will be the average of your four-years of college education.
- CGPA* : 3.50 ~ 4.00 (0%)
- CGPA : 3.00 ~ 3.49 (30%)
- CGPA : 2.75 ~ 2.99 (50%)
- CGPA : 2.50 ~ 2.74 (70%)
- CGPA : Less than 2.50 (100%)
*CGPA is based on the 4-point scale, and the percentages refer to the amount of scholarship money that needs to be repaid.
In short, you can get a free education if you keep up a good grade; however, nobody is perfect, so the repayment of the scholarship money increases as your grade decreases. Please remember the repayment and the incentive of the Bank Rayat Scholarship if you are applying for this scholarship!
To Apply, Click Here.
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