Last updated : 30 Dec 2021    

education

Quality education is the key to a stable career that will result in a comfortable life for you and your family.

You can choose to withdraw your savings from Account 2 to help finance your own, children, spouse and/or parents’ education at approved institutions locally or abroad.

What You Can Withdraw

Total tuition fees/outstanding education loan OR Entire savings in Account 2 (whichever is lower)

What's covered

Requirements

Tuition fees and charges imposed by the higher learning institution
OR
Outstanding loan amount

For Certificate Level 3, withdrawal eligibility only applies to tuition fees subject to the total savings balance in Account 2.

Requirements

Hostel & Accommodation Fees

Requirements

One-way flight for first-year students studying outstation/abroad

Who Can Apply

Requirements

Requirements

Malaysians & Non-Malaysians

Requirements

Below 55 years of age

Requirements

Have savings in Account 2

Requirements

Currently pursuing or has completed – Certificate Level 3, Diploma or higher

(academic/professional/skill-based/vocational study)

Requirements

Studying at local institutions

(full-time, part-time, distance learning and franchise programmes)

OR

Institutions abroad

(full-time programmes)

Member/Member’s children/Spouse/Parents who quit/failed/did not graduate/withdrawn from approved education institution

*To pay for all overdue payment fully to higher learning institutions within 3 years starting from the termination of education; And settle remaining education loan with loan provider institutions

Tuition Fees

Categories

  • Withdrawal to finance your tuition fees
  • Joint withdrawal with your spouse to finance your spouse’s tuition fees
  • Withdrawal to finance your children/ spouse/parents’ tuition fees
  • Joint withdrawal with your spouse to finance your children’s tuition fees 

When You Can Withdraw

  • Every semester or academic year
  • Within three (3) years from the course end/quit/failed date for outstanding payments to be settled with the higher learning institution 

Payment Options

Payment to Member

If fees have been paid to higher learning institution (with condition that the receipt does not exceed one (1) year from application date)

Payment to higher learning institution

To settle outstanding tuition fees

What You Need

Documents

  • Copy of identification documents with original for verification (Non-MyKad holders only)
  • Course recognition or accreditation letter

Supporting documents required for Member or Member’s children/spouse/parents’ education withdrawal

The required supporting documents may vary for the first and second withdrawal. So, it is necessary to submit all required supporting documents to ensure a smooth application process.

Self

  • 1st Time Withdrawal
    1. Proof of Acceptance
      Course offer letter
      AND
      Proof of qualification to enroll in the course

    1. Proof of Study
      Copy of the latest examination result (second year onwards)

    1. Proof of Payment*
      Tuition fees payment receipt
      AND
      Flight ticket/original payment receipt

    *For refund application if tuition fees have already been paid to the higher learning institution


    1. Additional Documents
      Interview form
      AND
      Bank passbook/Savings account statement/Current account statement/Verification letter of account holder’s details from Bank/Account holder’s details*

    *For refund application if tuition fees have already been paid to the higher learning institution


    1. Additional Documents for international studies
      Copy of page in a valid passport where student's details appear
      AND
      If Member has already gone abroad
      Page in passport which contains the date and stamp of the Immigration Department from the relevant country/payment of tuition fees/student visa/examination results

      OR

      If Member has not gone abroad
      Proof of payment to the international higher learning institution
  • Subsequent Withdrawal
    1. Proof of Study
      Copy of the latest examination result

    1. Proof of Payment*
      Tuition fees payment receipt

    *For refund application if tuition fees have already been paid to the higher learning institution


    1. Additional Documents
      Bank passbook/Savings account statement/Current account statement/Verification letter of account holder’s details from Bank/Account holder’s details*

    *For refund application if tuition fees have already been paid to the higher learning institution

Member's Children

Application for children can be made by an individual and/or through a joint application (parents)

Member's Spouse

Application for spouse can be made by an individual and/or through a joint application

Member's Parents

Application for parents can be made by an individual and/or through a joint application

  • 1st Time Withdrawal
    1. Proof of Acceptance
      Course offer letter
      AND
      Proof of qualification to enrol in the course

    1. Proof of Study
      Copy of the latest examination result (second year onwards)

    1. Proof of Payment*
      Tuition fees payment receipt
      AND
      Flight ticket/original payment receipt

    *For refund application if tuition fees have already been paid to the higher learning institution


    1. Additional Documents
      Interview form
      AND
      Bank passbook/Savings account statement/Current account statement/Verification letter of account holder’s details from Bank/Account holder’s details*

    *For refund application if tuition fees have already been paid to the higher learning institution


    1. Proof of Relationship
      i. Children
      Child's Identification Card
      AND
      Child’s Birth Certificate/Parents’ Marriage Certificate (for stepchildren)/Adoption Certificate from National Registration Department (for adopted children)
      ii. Spouse
      Marriage Certificate 
      iii. Parents
      Member’s Birth Certificate AND/OR Parents’ Marriage Certificate (for stepchildren) OR Adoption Certificate from National Registration Department (for adopted children)

    1. Additional Documents for international studies
      Copy of page in a valid passport where student's details appear
      AND
      If Member's child has already gone abroad
      Page in passport which contains the date and stamp of the Immigration Department from the relevant country/payment of tuition fees/student visa/examination results

      OR

      If Member's child has not gone abroad
      Proof of payment to the international institute of higher learning
  • Subsequent Withdrawal
    1. Proof of Study
      Copy of the latest examination result

    1. Proof of Payment*
      Tuition fees payment receipt

    *For refund application if tuition fees have already been paid to the higher learning institution


    1. Additional Documents
      Bank passbook/Savings account statement/Current account statement/Verification letter of account holder’s details from Bank/Account holder’s details*

    *For refund application if tuition fees have already been paid to the higher learning institution

Categories

  • Withdrawal to finance your outstanding education loan 
  • Withdrawal to finance your children’s outstanding education loan 
  • Withdrawal to finance your spouse or parents’ outstanding education loan 
 

When You Can Withdraw

  • Every semester or academic year
  • You have outstanding student loans
 

Approved Institutions

  • Bank Rakyat Foundation (YBR)
  • Cooperatives registered with the Cooperative Commission of Malaysia (SKM)
  • Council of Trust for the People (MARA)
  • Employer-Employee Education Loans
  • Financial Institutions Licensed under the Banking and Financial Institutions Act (BAFIA)
  • Maju Institute of Educational Development (MIED)
  • Ministry of Education Malaysia (MOE)
  • National Higher Education Fund Corporation (PTPTN)
  • PETRONAS
  • Public Service Commission of Sarawak (SPANS)
  • Public Service Department (PSD)
  • Social Security Organisation (SOCSO)
  • State Education Foundation
  • State Foundation
  • Telekom Malaysia Foundation
  • Telekom Malaysia Foundation Skills Development Fund (PTPK)
  • Tenaga Nasional Foundation
  • Tun Sambanthan Scholarship Foundation

Payment Options

Payment to approved financial institutions

  • If you have taken a loan from a financial institution approved by the EPF
  • If you have a Study Loan Agreement in your name/your child's name

What You Need

Documents

  • Copy of identification documents with original for verification (Non-MyKad holders only)

Supporting documents required for Member or Member’s children/spouse/parents’ education withdrawal

The required supporting documents may vary for the first and second withdrawal. So, it is necessary to submit all required supporting documents to ensure a smooth application process.

Self

  • 1st Time Withdrawal

    Member is still studying

    1. Proof of Acceptance
      Student's original enrolment confirmation letter
      AND
      Proof of qualification to enrol in the course
      AND
      Course recognition or accreditation letter

    1. Proof of Study
      Copy of the latest examination result (2nd year onwards)

    1. Proof of Loan Application
      Study loan agreement in the Member's name
      AND
      Latest loan balance statement

    1. Additional Documents
      Interview form
      AND
      If the financial institution providing the loan is a co-operative
      AND If the name of the course or the higher learning institutions differs between the academic certificate and loan statement balance/agreement/offer letter
      Letter of explanation from the higher learning institutions

    Member has completed study

    1. Proof of Loan Application
      Study loan agreement in the Member's name
      AND
      Latest loan balance statement
    1. Additional Documents
      If the financial institution providing the loan is a co-operative Cooperative registration certificate
      AND
      If the name of the course or the higher learning institutions differs between the academic certificate and loan statement balance/agreement/offer letter
      Letter of explanation from the higher learning institutions
  • Subsequent Withdrawal

    Member is still studying

    1. Proof of Acceptance
      Student's original enrolment confirmation letter
      AND
      Course recognition or accreditation letter

    1. Proof of Study
      Copy of the latest examination result

    1. Loan Balance Statement
      Latest loan balance statement

    Member has completed study

    1. Proof of Study
      Copy of the latest examination result

    1. Loan Balance Statement
      Latest loan balance statement

Member's Children/Spouse/Parents

  • 1st Time Withdrawal

    Member's children/spouse/parents who are currently studying

    1. Proof of Acceptance
      Student's original enrolment confirmation letter
      AND
      Proof of qualification to enrol in the course
      AND
      Course recognition or accreditation letter

    1. Proof of Study
      Copy of the latest examination result

    1. Proof of Loan Application
      Study loan agreement in the children/spouse/parents’ name
      AND
      Latest loan balance statement

    1. Additional Documents
      Interview form
      AND If the financial institution providing the loan is a co-operative
      Cooperative registration certificate
      AND If the name of the course or the higher learning institutions differs between the academic certificate and loan statement balance/agreement/offer letter
      Letter of explanation from the higher learning institutions

    1. Proof of Relationship
      i. Children
      Child's Identification Card
      AND
      Child’s Birth Certificate/Parents’ Marriage Certificate (for stepchildren)/Adoption Certificate from National Registration Department (for adopted children)
      ii. Spouse
      Marriage Certificate 
      iii. Parents
      Member’s Birth Certificate AND/OR Parents’ Marriage Certificate (for stepchildren) OR Adoption Certificate from National Registration Department (for adopted children)

    Member's children/spouse/parents who have completed studies

    1. Proof of Loan Application
      Study loan agreement in the Member's child's/spouse/parents' name
      AND
      Latest loan balance statement

    1. Additional Documents
      If the financial institution providing the loan is a co-operative
      Cooperative registration certificate
      AND
      If the name of the course or the higher learning institutions differs between the academic certificate and loan statement balance/agreement/offer letter
      Letter of explanation from the
      higher learning institutions

    1. Proof of Relationship
      i. Children
      Child's Identification Card
      AND 
      Child’s Birth Certificate/Parents’ Marriage Certificate (for stepchildren)/Adoption Certificate from National Registration Department (for adopted children)
      ii. Spouse
      Marriage Certificate 
      iii. Parents
      Member’s Birth Certificate AND/OR Parents’ Marriage Certificate (for stepchildren) OR Adoption Certificate from National Registration Department (for adopted children)

  • Subsequent Withdrawal

    Member's children/spouse/parents who are currently studying

    1. Proof of Acceptance
      Student's original enrolment confirmation letter
      AND
      Course recognition or accreditation letter

    1. Proof of Study
      Copy of the latest examination result

    1. Loan Balance Statement
      Latest loan balance statement

    Member's children/spouse/parents who have completed studies

    1. Loan Balance Statement
      Latest loan balance statement
  •   PAYMENT METHODS
    Local PaymentsInternational Payments
    Full payment in Ringgit Malaysia (RM) will be credited to your account

    If you hold an active account with our panel bank and your identification number matches the bank records
    Full payment will be made via Foreign Demand Draft in the currency of your choice

    If your preferred currency is included in our list of approved currencies
    You will be issued a Bankers Cheque

    If payment to your account is unsuccessful
    Full payment will be made via Foreign Demand Draft in US Dollars

    If your preferred currency is not available on our approved list
  •   IMPORTANT REMINDER

    1. Certify your documents

    Ensure ALL copies of documents have been certified and acknowledged by the authorised persons.

    (complete with name, designation and official stamp except for copies of documents which require certification by an EPF officer)

    AUTHORISED PERSONS

    2. Double check your panel banks

    Refer to the list of EPF panel banks for direct crediting of payment into member’s account

    EPF PANEL BANKS

    3. Submit to EPF

    Send your completed submissions at your nearest EPF Counter or mail it to the EPF.

    FIND EPF NEAR YOU
    POST TO EPF

    4. Need more information?

    Refer to our product brochure for additional information.

    DOWNLOAD EDUCATION BROCHURE
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