PUTRAJAYA: The finance ministry today announced aid of RM100 each for Malaysian students at institutions of higher learning (IPT).
In a statement issued here today, the ministry said the government, in response to a suggestion by the education ministry to help reduce the financial burden of IPT students, had agreed to approve the Higher Education Student Aid (BPPT) for this year.
The aid is to be disbursed end of next month using the existing mechanism, namely the Bank Rakyat debit card.
It is expected to benefit 1.2 million students and involves an allocation of RM120 million.
The finance ministry said details on the implementation of BPPT 2019 and the criteria on the eligibility of students to receive the aid would be announced by the education ministry soon.
The disbursement of BPPT is in tandem with the government’s announcement last Feb 20 to provide Cost of Living Aid (BSH) of RM100 to Malaysian singles.
The finance ministry said the BSH payment would benefit more than three million individuals and involves an allocation of RM300 million.