Maybank and ASEAN Secretariat offer full scholarships for Indonesian students

Full scholarships allow talented and academically competitive students to overcome financial barriers that hold them back from getting a degree at a top-ranking university. If you’re an Indonesian student with such aspirations, you might be in luck.

A new partnership between Maybank and the Association of Southeast Asian Nations (ASEAN) Secretariat may help fund your study aspirations. Both parties have collaborated in providing full scholarships to students in ASEAN countries, with each ASEAN member nation setting its own terms and conditions. For Indonesian students, they may apply for the scholarship known as the Beasiswa S1 Asean-Maybank Scholarship.

This scholarship, introduced in 2022, aims to advocate intra-ASEAN integration. It is one of the ASEAN-level initiatives undertaken by the Maybank Foundation, which aims to “promote an innovative ASEAN approach to higher education.” This initiative is one of the strategic measures listed in the ASEAN Socio-Cultural Community Blueprint 2025.

The Beasiswa S1 Asean-Maybank scholarship recipients will study in Indonesia, Singapore, Malaysia, Thailand, Philippines or other ASEAN countries.

Full scholarship by ASEAN-Maybank: Details you should know

The scholarship package covers full tuition fees, living and accommodation costs, laptop costs, settling-in allowance, flight costs (return economy airfare), subsidised outpatient medical benefit, accident insurance coverage and other emergency expenses. To be eligible, you must hold Indonesian citizenship, great academic qualifications, strong extra-curricular report, a minimum CGPA of 3.00 (at pre-university level). You must have applied for a programme covered by the scholarship and received and accepted an offer letter or letter of admission from any university which is a member of the ASEAN University Network as well.

Applicants choose from the following programmes: accountancy, actuarial science, business management, data science, economics, entrepreneurship, finance, information technology, mathematics, psychology, risk management, social work, plus programmes pertaining to future development, which include computer programming, web development, software development, mobile app development, UI/UX design and others.

Upon finishing their studies, the ASEAN-Maybank scholarship recipient will be bonded for three years to either Maybank, ASEAN Secretariat or ASEAN Foundation. Source: Roslan Rahman/AFP

Upon graduation, recipients will be bonded to either Maybank, the ASEAN Secretariat or ASEAN Foundation for three years. The first intake of scholars under the ASEAN-Maybank Scholarship programme will commence in 2022. The purpose of this scholarship programme, through the ASEAN Foundation and in cooperation with the ASEAN University Network, is to place selected scholars in the top public universities in Malaysia, Indonesia and then gradually expand to the remaining ASEAN countries in stages.

All applications for the scholarship must be submitted before April 16, 2022. To download the application for the scholarship, click here.

What universities are covered by the scholarship?

Currently, 30 members universities in the 10 ASEAN Member States form the ASEAN University Network membership. The ASEAN Secretariat is based at Chulalongkorn University in Bangkok.

Indonesia:

• Institut Teknologi Bandung (ITB)
• Universitas Airtangga (UNAIR)
• Universitas Gadjah Mada (UGM)
• Universitas Indonesia (UI)

Singapore:

• Nanyang Technology University (NTU)
• National University of Singapore (NUS)
• Singapore Management University (SMU)

Malaysia:

• Universiti Malaya (UM)
• Universiti Kebangsaan Malaysia (UKM)
• Universiti Putra Malaysia (UPM)
• Universiti Sains Malaysia (USM)
• Universiti Utara Malaysia (UUM)

Brunei:

• Universiti Brunei Darussalam (UBD)

Thailand: 

• Burapha University (BU)
• Chiang Mai University (CMU)
• Chulalongkorn University
• Mahidol University
• Prince of Songkla University (PSU)

Philippines:

• Ateneo de Manila University
• De La Salle University
• University of the Philippines (UP)

Myanmar:

• University of Mandalay
• University of Yangon
• Yangon University of Economics

Vietnam:

• Can Tho University
• Vietnam National University, Hanoi
• Vietnam National University, Ho Chi Minh University

Lao PDR:

• National University of Laos