Section 4

the granting of educational loans to students for the payment of fees, educational equipment and aids, and cost of living expenses during the students’ period of study at a higher educational institution;

the financing of, or the granting of financial assistance to, students in higher educational institutions other than by way of educational loan;

establishing insurance and unit trust schemes;

Perbadanan Tabung Pendidikan Tinggi Nasional 11

repayments on borrowings and such other outgoings and expenditure as may be permitted by this Act or any regulation made under this Act;

administrative expenses including the remuneration, retirement benefits, gratuities and other allowances of the officers and servants of the Perbadanan; and

other expenses incidental to the management of the Fund and the functions of the Perbadanan including any moneys required to satisfy any judgment, decision, or award by any court or tribunal against the Perbadanan, or any member of the Board or any committee, or any officer, servant or agent of the Perbadanan in respect of any act, neglect or default done or committed by him in carrying out the functions of the Perbadanan.