Who can apply
Financially needy full-time undergraduate students who are on the government tuition grant. To be eligible, students must be awarded one or a combination of the following schemes covering at least 80% of the subsidised fees payable by Singapore Citizens (SC).
- Tuition Fee Loan (TFL)
- CPF Education Scheme (CES)
- Mendaki Tertiary Tuition Fee Subsidy (TTFS)
Scholarship (that does not provide allowance)
Loan covers up to 20% (subject to qualifying income criteria) of the subsidised tuition fees payable by Singapore citizens. Annual allowance of S$3,600 to cover living expenses.
Household income criteria
Interest-free study loan
- For Singapore citizens and permanent residents – Monthly per capita income (PCI*) of S$950 and below
Interest-bearing study loan
- For Singapore citizens and permanent residents – Monthly PCI* of S$2,700 and below; S$1,200 and below for international students
For interest-bearing study loan, the interest is computed upon graduation. Minimum repayment sum per month is S$100. Maximum repayment period is 20 years.
How to apply
Download application form from the website, fill it and submit it together with all required documents to Office of Student Administration (OSA). Once approved by OSA, the student should proceed to any of the DBS bank for application.
More on Study Loan.