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Wednesday, 1 June 2016

Penang Future Foundation Scholarship 2016

| Wednesday, 1 June 2016

Penang Future Foundation Scholarship 2016

Penang Future Foundation Scholarship 2016

Penang Future Foundation 2016, made possible by donations from private sectors and individuals, is a scholarship program awarded by the Penang State Government to outstanding and deserving Malaysians to pursue their undergraduate studies in Malaysia. This is one of the State's initiatives to stem the tide of brain drain and nurture Penang as a talent hub. While the scholarships are open to all eligible Malaysians regardless of race, religion and gender, preference will be given to outstanding and deserving youths from single, low to middle-income families. Upon successful completion of studies, the sponsored scholars are required to work in Penang in organizations of their choice, be it in the private or public sector.
Program Level : 
Full time undergraduate degree   

Higher Education Institute : 
Public & Private Universities (IPTA & IPTS) in Malaysia 

Sponsored Discipline/ Courses : 
MQA accredited courses in Science, Technology, Engineering, Mathematic (STEM) and Accountancy/ Finance 

Tenure of Scholarship : 
Minimum period required for completion of course (graduate on time)

Eligibility Criteria
- Min. CGPA 3.0 in STPM/ Foundation / Matriculation / Diploma/ UEC & equivalent OR
- Currently pursuing undergraduate course in Malaysia IPT  with min. CGPA 3.0; AND
- Malaysian 25 years or younger; AND
- Household income not more than RM15,000 per month      
 (equiv. to RM180,000 annualised)
 (Parents 2 year tax return/ BE Form)

- Penangite or studied in Penang 
- Academic achievements
- Good cognitive skills , ie. leadership, communication, teamwork
- Recipient of state/national/internationa level prize/award; both academic and non-academic 

Scholarship Award 
1. Subsistence allowance
- RM1,000 per month
- Pay out quarterly 

2.  Tuition fee (entire course)
- Actual fee not exceeding RM100,000
- Direct payment to IHL

3.  Award only takes effect upon execution of scholarship agreement and does not cover retrospective tuition fee/subsistence expenses incurred by scholar 

Service Bond 
1.  To work in Penang in any organization of own choice (Private OR Public Sector) 
2. Bond period based on value of Tuition Fee sponsored (subsistence allowance not included); one year of service for every RM20,000.   Minimum is one year service bond

Tuition Fee Sponsored
Less or equal to RM20,000,  Service Bond 1 year 
RM20,001 – RM40,000, Service Bond 2 year 
RM40,001 – RM60,000, Service Bond 3 year 
RM60,001 – RM80,000, Service Bond 4 year 
RM80,001 – RM100,000, Service Bond 5 year 

3.  Bond is served by period of actual employment in Penang

Application Method
- On-line application opens once a year. Refer to announcement at home page.
- Submit application and supporting documents via on-line only

Selection Process
1. Meet minimum eligibility criteria. Applications received will be automatically filtered by system.
2. Shortlisting done by merit point system which includes but not limited to –
- Priority criteria
- Allocation as determined by PFF for each discipline
3. Shortlisted students are called up to attend interview before panels convened by PFF.
- Students to bring with them on interview day, original copies of all documents submitted during the application process. Manual verification of documents will be done prior to interview.
- If original documents are found to be incomplete and/ or inconsistent with the submitted documents, the student(s) concerned will be disqualified from proceeding with the interview(s).
4. Final decision by the members of the Selection Committee

Academic Performance Standard & Monitoring
1. Maintain CGPA 3.0 & above at all times
2. Timely submission of exam result slip at the end of each semester
3. Reminder of possible revocation will be served for any semester of CGPA below 3.0

Revocation of Award 
Grounds of revocation includes 
1. Failed to achieve min. CGPA 3.0 for two consecutive semesters ; or
2. Placed under academic probation by university or obtained CGPA less than 2.0 at any time during duration of study; or
3. Involved in illegal/unlawful activities and or vices considered detrimental to PFF’s or state government ‘s interest (refer Agreement for details); or
4. Expelled from university on any ground; or 
5. On the conviction of involvement in drug abuse and/or activities related to drugs, including trafficking and consumption of drugs 
If scholarship is revoked, the scholar and/or guarantor(s) has to pay back all monies received from the PFF Scholarship Fund within 60 days upon receipt of the letter of demand.  
(Note: Guarantors to be copied all correspondences sent to scholar)

Extension of Scholarship Tenure 
1. Scholarship will not be granted for extension period save for -
a. Suspension of studies of not more than 6 months by virtue of Scholar’s failing health, supported by:
i. Certified medical report by GH or accredited medical institution, and 
ii. Supporting letter by a member of the faculty’s academic staff
b. Case to case based on humanitarian grounds to be determined at PFF’s sole discretion, which may include:
i. Death of immediate family member, eg.  father / mother / sibling; 
ii. Force majeure including civil unrest, natural disasters which interrupts/affects studies of Scholar 
2. Any approval of extension will not exceed a maximum period of one (1) year from the date of approval, unless otherwise determined and confirmed in writing by PFF 

For more information on the scholarships and application procedures please visit PFF (Penang Future Foundation) website at here

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