Last updated : 07 Dec 2019    

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 or your children’s 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

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 completed - diploma or equivalent

(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Member/Member's children who quit/failed/withdrawn from approved education

*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 load provider institutions

Tuition Fees

Categories

  • Withdrawal to pay your own tuition fees
  • Withdrawal to pay your child's tuition fees
  • Joint withdrawal with your spouse to pay for 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

Additional documents required for withdrawal for Member's or Member's children's education

The required supporting documents may vary for the 1st and 2nd withdrawal. So, it is crucial to compile all the required 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

For member’s children, applications can be done as an Individual or Joint Parent(s)

  • 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
      Child's Identification Card
      AND
      Child's birth certificate/marriage certificate (for stepchildren)/adoption certificate from the 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

Education Loan Balance Statement Format Confirmation Letter Format Higher Learning Institution List Professional/Skill-Based Courses List Overseas Higher Learning Institutions List
 
WITHDRAW VIA I-AKAUN
APPLY FOR MANUAL WITHDRAWAL

Categories

  • Withdrawal to pay your outstanding education loan
  • Withdrawal to pay your child's outstanding education loan
 

When You Can Withdraw

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

Approved Institutions

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

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)

Additional documents required for withdrawal for Member's or Member's children's education

The required supporting documents may vary for the 1st and 2nd withdrawal. So, it is crucial to compile all the required 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

  • 1st Time Withdrawal

    Member's children are 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
    1. Proof of Loan Application
      Study loan agreement in the Member's child's 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
      Child's Identification Card
      AND
      Child's birth certificate/marriage certificate (for stepchildren)/adoption certificate from the National Registration Department (for adopted children)

    Member's children has completed study

    1. Proof of Loan Application
      Study loan agreement in the Member's child'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
    1. Proof of Relationship
      Child's Identification Card
      AND
      Child's birth certificate/marriage certificate (for stepchildren)/adoption certificate from the National Registration Department (for adopted children)
  • Subsequent Withdrawal

    Member's child 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's child has completed study

    1. Loan Balance Statement
      Latest loan balance statement
Education Loan Balance Statement Format Confirmation Letter Format Institute of Higher Learning List  Professional/Skill-Based Courses List Overseas Higher Learning Institutions List
 
WITHDRAW VIA I-AKAUN
APPLY FOR MANUAL WITHDRAWAL
  •   PAYMENT METHODS
    Local Payments International 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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