Good news for Government sponsored Malaysian students

In case you haven't heard the good news, the Government of Malaysia is increasing scholarships rates.

58. Taking cognisance of the rising cost of living for students, the Government will increase the cost of living allowance (COLA) between 23% to 84% for students in local higher learning institutions, including those attending preparatory and language courses. These new rates will be effective beginning the first semester 2007 session and will benefit more than 90,000 students.

59. The Government at present sponsors a total of 17,000 students in universities overseas. The Government has already increased the COLA for students studying in Australia, New Zealand, Egypt and South Korea in 2006. Effective September 2007, the Government will increase the COLA for students in the United States, United Kingdom and Canada by up to 97%, almost double the current rate.