SOCSO is offering educational loans, amounting to as much as RM100,000, to children of members who are in receipt of monthly invalidity pensions.

Applicants can also be children of contributors who died while in employment because of injuries, or died before reaching their 55th year. The applicants must be below 21 years of age and pursuing degree, diploma or certificate courses recognised by the Education Ministry.

The borrower is required to repay the loan via monthly instalments once the person has completed the study programme.

Human Resources Minister Datuk Dr S. Subramaniam said that the loan will be converted to a scholarship if the student gets first class honours in the degree programme.

"This loan is only given to deserving students who have done well in their examinations and are admitted to institutes of higher learning," he said, after presenting loan approvals of RM100,000 each for two students currently pursuing their studies in medicine at the Asian Institute of Medicine Science and Technology in Kedah.

Since1997, Socso has given out as much as RM94mil in loans to dependents of Socso contributors who qualifed for the study loan.

For Socso members who are kidney patients, Dr Subramaniam said that Socso would pay a maximum of RM110 for each session of dialysis.

For more information on Socso's study loan, visit www.perkeso.gov.my.

Published Date: 2-Dec-2008
Closing Date: Ongoing
Source: www.thestar.com.my
Posted Date: 2-Dec-2008, 11:48:09 AM
Posted By: PQ Lew