Example of Tuition Fee Financing

This table below is an example of tuition fee financing if students apply to use the Tuition Fee Loan and Study Loan. 

ITEM

SINGAPORE CITIZENS (SC)

SINGAPORE PERMANENT RESIDENTS (SPR)

INTERNATIONAL STUDENTS (IS)

Annual Tuition Fees (after Tuition Grant subsidy is deducted)

S$11,650

S$16,300

S$23,300

Financing using:

Tuition Fee Loan 
(up to 90% of subsidised tuition fees payable by a Singapore Citizen student)

S$10,485

S$10,485

S$10,485

Study Loan 
(up to 10% of subsidised tuition fees payable by Singapore Citizen plus annual living allowance of S$3,600)

S$1,165

S$1,165

S$1,165

Total Financing before taking into consideration the living allowances provided by the Study Loan

S$11,650

S$11,650

S$11,650

Amount of Tuition Fees not financed by the Tuition Fee Loan and Study Loan

S$0

S$4,650

S$11,650

Annual Living Allowance from the Study Loan

S$3,600

S$3,600

S$3,600

Cash portion of tuition fees that need to be financed by the student after offsetting both the Tuition Fee Loan and the Living Allowance.

S$0

S$1,050

S$8,050

Note: For SPR and IS who take up both the Tuition Fee Loan and Study Loan, you will only receive a total loan amount equivalent to the subsidised tuition fees payable by Singapore Citizen for a similar course of study. As the annual tuition fees for SPR and IS are higher than the tuition fees for SC students, the Study Loan will not cover the tuition fees in full.