What I know about this new bursary thing is that, you MUST have at least 9A+’s to get it. This bursary is actually a sponsorship to do matriculations,A-levels, IB, or Form 6, if I’m not mistaken.
If you get 9A+’s and above in your SPM, you’ll automatically get it. No tests, no interviews! You just have to select what pre-U course you want, and it’s free!
I’ve registered for A-levels, as it is more recognised internationally, and it’s also quite valuable compared to matriculations. However, I’ve heard that it’s also tougher than matrics. I’ve also heard that they changed the STPM system, so I have no idea on how it actually is.
In the end, it all comes down to your own choice. Make sure you ask a lot of people and do some research before you make your choice!