Everything You Need to Know About Enhanced Bursaries for Students in Singapore

Everything You Need to Know About Enhanced Bursaries for Students in Singapore

Asia’s hub for top-class education and careers offers the best opportunities for its citizens. However, it’s undeniable that Singapore tuition fees are unreachable for many in its population. 

Thankfully, the government has increased education bursary spending by S $44m to supplement students enrolled in universities with a high tuition fee.

Singaporean students who qualify for financial support can apply for both the elementary and higher education community bursary to receive financial assistance. You can find a great number of Singaporean financial assistance schemes to offset education expenses. 

You can learn more about these financial assistance schemes and other bursary schemes below.

Government-Funded Bursaries for Universities

Full-Time Singaporean Students

All current students studying full time in Singapore can go for a government-subsidized financial aid application. However, they must fulfill the following criteria we’ve listed in this table.

Bursary Eligibility Criteria Revised Government Bursary Quantum from AY2020 (Increase)
Higher Education Community Bursary Gross Monthly Household Income (GHI) ≤S $2,750 or

Monthly Household Per Capita Income (PCI) ≤ S $690

100% tuition fee subsidy + S $1,500

(+S $510/S $690)

GHI S $2,751-S $4,000 or

PCI S $691-S $1,000

S $1,250

(+S $200)

Higher Education Bursary GHI S $4,001-S $6,900 or

PCI S $1,001-S $1,725

S $600

(+S $50)

GHI S $6,901-S $9,000 or

PCI S $1,726-S $2,250

S $400

(+S $50)

 

Diploma Students

Students facing financial difficulties taking on diploma courses can receive government-backed scholarships if they’re eligible. You can find more information about the diploma student bursary in the table below.

Bursary Eligibility Criteria Revised Government Bursary Quantum from AY2020 (Increase)
Higher Education Community Bursary GHI ≤S $2,750 or

PCI ≤ S $690

S $2,750

(+S $400)

GHI S $2,751-S $4,000 or

PCI S $691-S $1,000

S $2,400

(+S $250)

Higher Education Bursary GHI S $4,001-S $6,900 or

PCI S $1,001-S $1,725

S $1,900

(+S $250)

GHI S $6,901-S $9,000 or

PCI S $1,726-S $2,250

S $850

(+S $50)

 

Government Bursaries for Undergraduate Students Excluding Medicine and Dentistry Students

All full-time undergraduates studying in any course except medicine and dentistry can receive the following bursaries offered for any academic year. You can find more details below.

Bursary Eligibility Criteria Revised Government Bursary Quantum from AY2020 (Increase)
Higher Education Community Bursary GHI ≤S $2,750 or

PCI ≤ S $690

S $6,200

(+S $2,200)

GHI S $2,751-S $4,000 or

PCI S $691-S $1,000

S $5,000

(+S $1,250)

Higher Education Bursary GHI S $4,001-S $6,900 or

PCI S $1,001-S $1,725

S $3,200

(+S $500)

GHI S $6,901-S $9,000 or

PCI S $1,726-S $2,250

S $1,350

(-)

 

Government Bursaries for NTU Medicine and Dentistry Students

Bursary Eligibility Criteria Revised Government Bursary Quantum from AY2020 (Increase)
Higher Education Community Bursary GHI ≤ S $2,750 or

PCI ≤ S $690

S $18,900 (NUS)

S $24,700 (NTU)

GHI S $2,751-S $4,000 or

PCI S $691-S $1,000

S $14,900 (NUS)

S $20,700 (NTU)

Higher Education Bursary GHI S $4,001-S $6,900 or

PCI S $1,001-S $1,725

S $10,900 (NUS)

S $16,700 (NTU)

GHI S $6,901-S $9,000 or

PCI S $1,726-S $2,250

S $4,900 (NUS)

S $10,700 (NTU)

 

Part-Time Students

National ITE Certification (Nitec), diploma, and undergraduate study students can enroll with government financial support if they’re eligible for the following criteria.

Bursary  Eligibility Criteria Revised Government Bursary Quantum from AY2020 (Increase) 
Part-time Nitec and Higher Nitec Students Part-time Diploma Students  Part-time Undergraduates 
Higher Education Bursary GHI ≤ 4,000 or PCI ≤ S $1,000 (new income tier from AY2020)   

 

 

S $140

(-)

S $800

(+S $200)

S $2,500

(+S $1,150)

GHI S $4,001-S $6,900 or

PCI S $1,001-S $1,725

S $660

(+S $60)

S $1,600

(+S $250)

GHI S $6,901-S $9,000 or

PCI S $1,726-S $2,250

S $300

(-)

S $700

(-)

 

Government Loan Schemes

Any polytechnic and undergraduate student can apply for the tuition fee loan (TFL) scheme. Students can have the government cover up to 75% of their polytechnic course tuition fee. In addition, university pupils can receive up to 95% tuition coverage if they are eligible.

The government permits TFL candidates to apply for its Study Loan if their GHI is less than S $2,700.

Scheme Eligibility Criteria   Quantum Per Year
Polytechnic Publicly-Funded-University
Tuition Fee Loan
  • All Full-time Diploma students/Undergraduates
  • Part-time SC undergraduates
  • Interest-free during the course of study. Interest will commence only upon graduation
  • Maximum repayment period of up to 10 years for loan taken at polytechnic level. 
  • Up to 20 years for loan taken at the university level
Up to 75% of tuition fee Up to 90% of tuition fee
Study Loan
  • Full-time Diploma SC or PR students
  • All Full-time Undergraduates
  • Part-time SC Undergraduates
  • Have taken up maximum Tuition Fee Loan
  • Gross Monthly Household Per Capita income ≤ S $2,700
  • Loan is interest-free for students with monthly household per capita income ≤ S $950
  • For students with household income between S $951 and S $2,700, the loan is interest-free during course of study and interest will commence only upon graduation
  • Maximum repayment period of up to 5 years for the loan taken at polytechnic level, and 20 years for loan taken at the university level
Up to 25% of tuition fee plus living allowance loan of S $2,000 per annum  Up to 10% of tuition fee plus living allowance loan of S $3,600

 

PSEIs

Post-secondary educational institutions (PSEIs) have their respective scholarships for their pupils. SMU students and SUTD students can get financial support from their respective universities if they are eligible for their bursary requirements.

Institutions Websites  Contact Details
Institute of Technical Education https://www.ite.edu.sg/wps/portal/itehome/itews Tel: 1800-225 5483
Nanyang Polytechnic https://www.nyp.edu.sg/admissions/lifelong-learners/financial-matters-financial-assistance.html  Tel: 6451 5115
Ngee Ann Polytechnic https://www.np.edu.sg/admissions/Pages/aid.aspx  Tel: 6460 7553

Email: [email protected]

Republic Polytechnic http://www.rp.edu.sg/financial-assistance  Tel: 6510 3000
Singapore Polytechnic https://www.sp.edu.sg/sp/student-services/ssc-overview/student-support/financial-assistance/overview  Tel: 6775 1133
Temasek Polytechnic https://www.tp.edu.sg/fees-and-financial-matters/financial-assistance-schemes  Tel: 6788 2000

Email: [email protected]

LASALLE College of the Arts For Diploma Courses:

https://www.lasalle.edu.sg/admissions/ diploma-admissions/scholarship-financial-support/bursaries-grants-loans

For Undergraduate Courses:

https://www.lasalle.edu.sg/admissions/ ba-hons-admissions/scholarship-financial-support

Tel: 6496 5119 
Nanyang Academy of Fine Arts https://www.nafa.edu.sg/admissions/scholarships-financial-aid-schemes Tel: 6512 6132 
Nanyang Technological University https://www.ntu.edu.sg/NSS/NSSFinance/

FinancialAssistance/Pages/index.aspx 

Tel: 6790 4115
National University of Singapore https://www.nus.edu.sg/oam/financial-aid/overview-eligibility-for-full-time-undergraduates  Tel: 6516 1010
Singapore Institute of Technology https://www.singaporetech.edu.sg/undergrad/fees-financial-aid  Tel: 6592 1136
Singapore Management University https://admissions.smu.edu.sg/financial-aid Tel: 6828 0264
Singapore University of Technology and Design https://sutd.edu.sg/financialaid  Tel: 6499 4060
Singapore University of Social Sciences (SUSS) https://www.suss.edu.sg/full-time-undergraduate/admissions/financial-aid Tel: 6469 9312 

 

How to Apply for a Bursary?

You can conveniently apply for a bursary by contacting the relevant government or university department and expressing your intent. They will assign a representative to you that will explain the bursary application process and application procedures. Then, you’ll receive regular updates about your application process while you wait for your application outcome.

 

How to Check Your Bursary

Government representatives will email you regarding your bursary application status. Singaporean citizens who submitted separate applications will receive multiple application outcome updates

 

When Will My Bursary Pay Out?

Your scholarship funds will pay out in installments. You will receive both email or SMS notifications about your bursary’s scheduled payout. In addition, you can check your bank account for more updates.

 

Take Advantage of Singapore’s Enhanced Bursaries Today

No student in Singapore will ever get behind thanks to its enhanced bursaries. Take advantage of each one this coming academic year.

However, pupils who can’t comply with bursary requirements will find banks and licensed moneylenders excellent alternatives.

Instant Loan can help you find the best personal loans from Singapore’s list of reliable licensed moneylenders. Visit our website today and get up to three high-quality licensed moneylender quotes to pay for your tuition fees this academic year.

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