The Maju Institute of Educational Development (MIED) was established in 1984 as a private, non-profitable organization which administers an Education Loan Programme to help students and families who are not able to achieve their life-long ambitions pay for education beyond high school. MIED has tremendously contributed to the educational and career dreams of needy and well deserving students. Since its humble beginning in 1984, MIED has carved a niche for itself as an organization that serves the community.

The Tireless March Forward

Over the last 26 years, MIED has gone through many exciting progress in loan disbursements, education and development of world-class campus. Millions of ringgit is allocated for these purposes. As part of our efforts to build a cadre of future leaders, we are offering financial assistance to students in post-secondary programmes at universities, community colleges and private colleges in Malaysia and around the world.

The establishment of a technical institute, the TAFE College, in Seremban, Negeri Sembilan, and a world-class university, The Asian Institute of Medicine, Science and Technology (AIMST University), in Semeling, Kedah has been the maiden effort of MIED since its establishment.

Tafe College

Tafe College has been a long established provider of technical education in Malaysia with the aim to make education available to every Indian youth. The college has developed an exceptionally diverse student body and strengthened the excellence of its curricula.

TAFE College plays an active role in enhancing the image of private education in Malaysia by developing a sustainable mode of training and education for community programmes. TAFE endeavors to contribute in making Malaysia a centre of educational excellence by providing critical human capital that drives the country’s economy. Being a non-profitable entity, surpluses are reinvested for educational purposes and for upgrading campus facilities.

When it comes to quality and industry recognised education, affordability and conducive environment, TAFE stands in the forefront of the Malaysian education industry.

AIMST University

AIMST University is the brainchild of its Founder & Chancellor, YBhg. Dato’ Seri S. Samy Vellu that came to fruition in the late nineties when education became the mainstay of Malaysia’s development in a global economy. His belief that education is the only way a society can formulate its own purposes, be able to organize its own means and resources, thereby shaping itself with definiteness and economy in the direction in which it wishes to progress spurred him to find the way to create AIMST University.

Success in the eyes of the world and academia will not come overnight. With hard work on our part and with patience and tolerant understanding from our supporters, the University will eventually stand out as a beacon of education and influence and thus enhance the reputation of Malaysia.

The MIED Administration

The employees of MIED are the most prized resource and the backbone of the administration. We at MIED strive to provide employees with a dynamic work environment that will challenge, motivate and reward them.

The disbursements of loans are overseen by the Chairman of the Board and the Board of Trustees.

The major departments of MIED are:

  • Loan Processing Department, which handles the processing of the loans, preparation for issuance of payment, handling of enquiries.
  • Recovery Department, which handles credit control and repayments.
  • Accounts Department, which handles payment preparation for students and suppliers, and
  • Administration Department, which handles staff welfare, administration and event coordination.

The MIED administrative office is located on the first floor of the Menara Manickavasagam, the MIC headquarters. It is well equipped with meeting and counselling rooms as well, which among other things facilitates interaction between the MIED officers and staff and students and their parents.

MIED Loans

The MIED loan applications usually open twice every year, around January and July.

In order to collect the loan application form, the applicant have to submit a copy of the university or college letter of offer, an accreditation letter from the Public Service Department and National Accreditation Board (LAN), and a No Objection Certificate (NOC) from the Ministry of Higher Education (for students who wish to pursue an education overseas). The fees structure of the tertiary education need to be submitted together with copies of their academic certificates and copies of guarantors Identity Card and payslips. All these are the required documentation to apply for a MIED loan.

Certain criteria need to be adhered to by the loan applicant when making the application. A PSD or LAN accredited course need to be selected prior to the loan application.

Completed application forms will be updated into the computer system at MIED. The application will be processed and verified with the relevant university or college and a report will be prepared for the approval of the Board.

The Board of Trustees will then consider the application by an interview session. The success rate of the application is determined by the past records if the applicant had taken a previous loan, credit checking and applicant’s socio-economic background and eligibility to apply for a PTPTN (National Higher Education Loan Fund Corporation) loan.

An applicant will know whether he or she has been successful in getting a loan within two to six weeks of applying. Successful students or parents will be notified via telephone or correspondences.

MIED does not encourage students to study abroad, particularly if the courses are available locally. Applicants who choose to pursue courses at Tafe College or AIMST University are MIED’s priority in loan applications.

Loan applicants are given a loan repayment schedule six months prior to the completion of their course of study. The file will be closed if the student makes regular payments and fully settles his/ her loan. However, if a students defaults on the repayment, three reminders will be sent and then a telegram, after which legal action will be taken.

Source of Funds

When it was first established, MIED received a small government grant and public donations as the source of funds. Subsequently, a revolving fund was established with the sum from the loan repayments. The other source of funds also comes from the various buildings rental, interest from fixed deposits and ad hoc donations from various organizations.