study loan

One of the critical issues is to get will sponsors to offer scholarship or loan. This is because the cost of the programs are normally beyond reach of the ordinary people. The cost to get the EASA B1 or B2 license can run to about RM100 thousand. Not many parents have that kind of cash readily available.

Early this year, we had a humbling experience in our effort to recruit more students. We advertised for B1 course and we were too happy to receive 500 applicants. As the preparation time was short, we made the preparation for 2 classes. A class for B1 can take the maximum of 28 students and 15 for practical. To our frustration, the majority of the interested candidates were unable to pursue the course due to no funding.

This forced us to look for alternative source of fundings. The bank may not be the best choice as the borrowers have to show the ability to pay based on the existing financial standings. That means, the potential earnings of the students cannot be included in the potential source of funds.

Some of the possible organisations that can support the students are the foundations and NGOs. Some of the states and cooperative banks are showing more interest compared to the high street banks.

The Malaysian High Education Fund, a supposed to be revolving fund set up by the government to offer loans is hit by problems of loan defaulters. It is estimated that about 130,000 refused to pay, and the loan amount is in the region of RM1.2b