Saturday, January 17, 2009

PTPTN - SSPN

I am sure everyone has heard of PTPTN before. If you had not, PTPTN stands for Perbadanan Tabung Pendidikan Tinggi Nasional. Basically it is well known of its study loan for higher education. I am one of the beneficiary.

Not long ago, CCW found out about the SSPN - Skim Simpanan Pendidikan Nasional. It is a savings scheme offered by PTPTN which puts emphasis on ‘Savings Towards Higher Education’. The privileges for account holder include:
  • Eligibility to apply for PTPTN education financing
  • Tax relief on savings up until RM3,000 per year;
  • Free insurance coverage up until RM50,000 for depositors who have an accumulated deposit of a minimum of RM1,000 *;
  • Matching grant with a maximum endowment of RM10,000 per family **;
  • Deposit as low as RM20 at any time deemed necessary and government guarantee on savings;
  • Competitive dividend rate and tax exemption on dividend

For more information, please click here.

6 comments:

Vampire said...

wat's the endowment thing?

Pink Cotton said...

hehe this looks like paid post...

u wanto start one for cola?

Redsponge said...

VampireM, it is a financial incentive given to family whose household income does not exceed RM2k per month.

Pink Cotton, yeap! Already open an account for him. :)

Justin Ho said...

fwah.. the website is in english lei.. mai siao siao

Justin Ho said...

Melv.. the way i understand it is if the family is earning less than 2k, then if need help with finances to study, the scheme will give a grant of the same amount in the savings deposit but subject to a limit of 10k.

Not bad really. 10k off tuition fees :-)

Vampire said...

wooo... real good ler...
but if both father and mother are working, total earning would easily be more than 2k