MALAYSIA - Iris Corporation Berhad, Stamford College and Federation University Australia have signed a memorandum of understanding to launch the Higher Education 1Malaysia (he1m) programme.
Under the programme, students only have to pay RM1 (S$0.40) during their first year of education in a course of their choice at Stamford College.
With the aim of providing education to every Malaysian, he1m is open to all Malaysian students who wish to pursue their diploma or degree in Business, Hospitality, Law, Applied Management, Information Technology or Accounting and Finance at Stamford College.
Prospective students who have received three SPM credits can enrol in any diploma course at the college with a RM1 Foundation year through he1m.
Likewise, students who have received five SPM credits can pursue a degree course with a RM1 Foundation year.
Students who choose to transfer to another institution after the first year will have to pay the standard foundation course fee of RM13,440.
Upon completion of the foundation, the college will assist students with their National Higher Education Fund Corporation (PTPTN) loan applications.
The college will also absorb any balance of fees payment between the PTPTN loan and the diploma or degree course fees.
In conjunction with Stamford College's 64th year anniversary, the RM1 offer will be available to the first 64 registrants for the next foundation year intake.
"Knowledge and education are the keys to developing any nation," said Stamford College managing director Datuk Vincent Leong who is also IRIS Education Division chief executive officer.
"As one of the oldest institutions in Malaysia, Stamford College wants to do its part in ensuring that quality education is within reach to everyone. he1m will ensure that no one is left behind in the race towards development."
Stamford College and IRIS will also launch the Tan Sri Razali Lecture Series where experts in targeted fields will share their expertise on industry challenges and how future students can overcome them.
"In order to reach first world status, Malaysians need to be exposed to an education that accurately communicates the challenges and skills they will face after their higher education," said IRIS Corporation Bhd and Stamford College chairman Tan Sri Razali Ismail.
"IRIS has been a technology innovator for a number of years, pioneering and piloting many successful projects in different industries. We are very excited to share our expertise and resources through he1m to develop a holistic, quality education for Malaysians."
Federation University Australia vice-chancellor Prof David Battersby said: "We are working closely with IRIS and Stamford College to develop courses that are targeted at delivering the right skill sets and knowledge for Malaysians to be successful."
Prospective students can start applying for a place in the he1m programme at all Stamford College locations.