{"id":22754,"date":"2016-03-18T16:26:53","date_gmt":"2016-03-18T08:26:53","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=22754"},"modified":"2018-08-24T01:06:19","modified_gmt":"2018-08-23T17:06:19","slug":"government-will-save-rm240mil-by-slashing-744-overseas-scholarships","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/government-will-save-rm240mil-by-slashing-744-overseas-scholarships","title":{"rendered":"Government Will Save RM240mil By Slashing 744 Overseas Scholarships"},"content":{"rendered":"<p>In <strong><a href=\"https:\/\/www.imoney.my\/articles\/recalibration-malaysia-budget-2016-highlights\" target=\"_blank\">recalibrated budget 2016<\/a><\/strong> tabled in January, the Prime Minister Datuk Seri Najib Tun Razak announced that they would be cutting the budget for JPA scholarships to RM1.65 billion.<\/p>\n<p>This means the Government will be slashing 744 overseas scholarships to save an estimated RM240 million this year.<\/p>\n<p>According to the Prime Minister\u2019s Department, currently there are 7,736 students studying overseas on Government funding. The amount to fund one student studying overseas annually under a Public Service Department (PSD) scholarship can differ depending on the country of education and the field of study.<\/p>\n<p>The average cost of a PSD scholar studying locally ranges between RM10,350 and RM12,690 a year, while a PSD scholar studying abroad ranges between RM38,115 and RM277,515 a year.<\/p>\n<p>In the Budget revision, Datuk Seri Najib said the Government will have budget cuts on four of their PSD scholarship programmes this year, including:<\/p>\n<ul>\n<li>PSD\u2019s National Scholarship Programme will be open only to the top 20 SPM graduates to study locally or overseas in 2016 compared to 50 places in 2015.<\/li>\n<li>PSD\u2019s engineering programme to Japan, Korea, Germany and France will be open to only 200 students in 2016, compared to 300 in 2015.<\/li>\n<li>PSD\u2019s bursary programme would be offered to 744 students only for local undergraduate studies in 2016, a reduction from 1,000 students in 2015 to study at foreign institutions.<\/li>\n<li>PSD\u2019s First Degree Programme for 8,000 students in 2016 reduced from 10,050 students in 2015 to pursue their first degree locally.<\/li>\n<\/ul>\n<p>These have forced many top scorers to settle for admissions in local universities although they were previously promised opportunities to pursue their education overseas.<\/p>\n<p><em>[<a href=\"http:\/\/www.thestar.com.my\/news\/nation\/2016\/03\/18\/slashing-overseas-scholarships-will-save-govt-rm240mil\/\" target=\"_blank\" rel=\"no follow\">Source 1<\/a>] [<a href=\"http:\/\/www.themalaymailonline.com\/malaysia\/article\/azalina-overseas-scholarship-cuts-put-extra-rm240m-back-into-putrajayas-poc\" target=\"_blank\" rel=\"no follow\">Source 2<\/a>]<\/em><\/p>\n<h6><strong><em>Image from\u00a0cnbc.com<\/em><\/strong><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The Government says it will save RM240 million in 2016 by slashing 744 overseas scholarships.<\/p>\n","protected":false},"author":39,"featured_media":22758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[294,293,216],"tags":[],"class_list":["post-22754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-2016","category-education","category-news-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government Will Save RM240mil By Slashing 744 Overseas Scholarships |iMoney<\/title>\n<meta name=\"description\" content=\"The Government says it will save RM240 million in 2016 by slashing 744 overseas scholarships.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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