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MAICSA Study Loan for Part-Time Students  print
Objectives
1. To encourage students with good academic achievements to be trained in company secretaryship with the long-term objective of creating more multidisciplinary and equipped members.
2. To provide deserving students who have good academic talents but are not able to pursue professional education due to financial constraints.
Eligibility
Malaysian citizens
Students currently pursuing the ICSA course on a part time basis or students who are interested to commence the ICSA course on a part time basis by January 2005.
Those students who are holders of degree, postgraduate programmes, MAICSA Professional Diploma, Advanced Diploma from Tunku Abdul Rahman College or equivalent are eligible to apply. Preference will be given to those majoring in finance, law, business administration and taxation.
Terms of Awards
1. The study loan amounts to RM 2,000.00 per student per annum to be paid in accordance to the time frame given to the respective categories of students to complete the ICSA examination.
Conditions of the Award
1. The recipients are required to complete all modules of the ICSA examination within the prescribed time frame (refer attachment A for further details).
2. In the event of failure to complete the ICSA examination within the prescribe time frame, repayment of the full sum of study loan disbursed on instalments basis shall commence. Such instalments shall be determined by the Study loan Selection Panel.
3. Applicants must not be currently receiving scholarships or financial aid from other educational institutions or organisations.
Method of Application
1. Applications should be made on prescribed application form obtainable from the Secretariat. The applicants should obtain recommendation from the Course Tutor.
2. No candidates shall be awarded a study loan without an interview by the Study Loan Selection Panel.
3. The cost to this interview will be borne by the candidates.
Acceptance of Offer
1. The recipients will be required to execute study loan agreements and be bound by the Terms and Conditions of the awards.
Disqualification and Termination
1. A recipient may be disqualified if he/she violates or fails to adhere to any of the Terms and Conditions of the Award. On disqualification, any benefits or rights that the recipient enjoys will be withdrawn and the award terminated.
2. In the event of disqualification, the recipient must reimburse the full sum paid to him/her by instalments, the amount of such instalments to be determined by the Study loan Selection Panel. The first instalment shall be made immediately following the termination of the study loan.
Schedule of Loan Repayment
No. Category Duration of Loan Total Study Loan Amount of Repayment (per month)
YEAR 1 YEAR 2
1. MAICSA PDCA Holders 2 years RM 4,000.00 RM 200.00 x 12 month =
RM 2,400.00
RM 200.00 x 8 month =
RM 1,600.00
2. Non-Related Degree Holders 18 months RM 3,000.00 RM 200.00 x 12 month =
RM 2,400.00
RM 200.00 x 3 month =
RM 600.00
3. Related Degree Holders/ ADBM from TARC (NO CPE) 1 year RM 2,000.00 RM 200.00 x 10 month =
RM 2,000.00
NONE
4. Related Degree Holders (2 CPE) 1 year RM 2,000.00 RM 200.00 x 10 month =
RM 2,000.00
NONE
Click here to download the Study Loan Application Form.