Looking for scholarship?


Wednesday, February 13, 2008

The SOCSO Education Fund


The Social Security Organization provides social security protection by social insurance including medical and cash benefits, provision of artificial aids and rehabilitation to employees to reduce the sufferings and to provide financial guarantees and protection to the family.

SOCSO is the abbreviation for Social Security Organization. It is commonly known in the Malay term as PERKESO or Pertubuhan Keselamatan Sosial.

One of the benefits, which SOCSO provides for Malaysians is the education benefit, which comes in the form of a loan disbursed out to dependent children who are recipients of a monthly benefit for Dependent's Benefit, Survivor's Pension, children of an employee who are recipients of a monthly benefit of Permanent Disablement and Invalidity Pension

Although this benefit is in the form of a loan, it can, however, be converted into a scholarship if the child obtains excellent result.

Eligibility Criteria
Those who are eligible for the loans include the following:-

Dependent children of an employee receiving Invalidity Pension or periodic permanent disablement who are below 21 years of age and unmarried at the time of the application.

Dependent children of an insured person who has died as a result of an employment injury or while receiving invalidity pension or before reaching age 55 and who fulfills the contribution qualifying conditions. They should be below 21 years of age and unmarried.

Dependent Children who are above 21 years of age, receiving a monthly benefit and already studying in an institution of higher learning and unmarried at the time of application.

Dependent Children who have been offered places and have registered in any university or college or Local Institution of Higher Learning including institution that has a twinning programme on condition the degree is completed locally. They must also be registered with the Ministry of Education, to acquire a degree, diploma or a certificate which is awarded by the National Vocational Training Council, Ministry of Human Resources.

Dependent Children who have not been given any other scholarship or loan by any other authority.

Dependent Children whose families' finances are insufficient to support the cost of the education

Amount Of Award & Duration
The amount of the loan depends on the course undertaken, and includes the cost of living and other expenditure as determined for loans by SOCSO. The actual amount of the loan includes the following:

* Course fees
* expenses which will be determined from time to time are:

» Subsistence
» Flight cost
» Books
» Instruments
» Expenditure for preparation of a thesis

The application for the SOCSO Education Fund can be made completing the "PERMOHONAN PINJAMAN PENDIDIKAN PERKESO" form which is available at the SOCSO Local Office.
The Social Security Organisation (SOCSO)
Lot 281, Jalan Ampang
50538 Kuala Lumpur
Tel: No:03-42535320
Call Centre:03-42575755

No specific datelines mentioned