Financial Aid

SUTD believes that no deserving student should be denied an SUTD education because of financial difficulty. As such, we strive to help students who meet the eligibility criteria to tap on all available financial aid resources to help fund your tertiary education and/or living allowances.

Understanding the Financial Aid process is simple and involves only 3 steps:

1. Check if you qualify

Your financial need is assessed based on information you provide at the online application for financial aid, which includes the total family income, the number of family members dependent on that income, as well as any mitigating circumstances such as critical/terminal illness in the family etc.
 
Note: Students who are offered admission without the MOE Tuition Grant will not be eligible for Financial Aid throughout their entire course candidature.

2. Overview of schemes
  Singaporean & Singapore Permanent Resident Students International Students

Schemes

Quantum

For Tuition fees

Tuition Fee Loan

Up to 90% of subsidized tuition fee payable by Singapore Citizens.

Up to 90% of subsidized tuition fee payable by Singapore Citizens. 

Study Loan Scheme

SC & PR – Up to 20% of the subsidized tuition fees payable by Singapore citizens.

Up to 10% of the subsidized tuition fees payable by Singapore citizens.

Central Provident Fund (CPF) Education Scheme

Up to 100% of subsidized tuition fees payable by Singapore citizens.

Up to 100% of subsidized tuition fees payable by Singapore citizens.

Mendaki Tertiary Tuition Fee Subsidy (for Singapore Citizen, Malays)

Up to 100% of subsidized tuition fees

N.A

Post-Secondary Education Account (PSEA) (for Singapore Citizen)

Withdrawal limit up to student’s Post-Secondary Education Account balance

N.A 

SUTD Education Opportunity Grant

$4,000 per academic year (for SCs)

N.A 

SUTD administered Study/Bursary Awards

Between $5,000 - $8,000 per academic year

Between $5,000 - $8,000 per academic year

For Living Expenses and Study Related expenses

Study Loan Scheme

Up to $3,600 per academic year.

 Up to $3,600 per academic year.

CDC/CCC University Bursary Scheme

Up to $4,000 per year

N.A 

MOE Bursary Scheme

Up to $2,700 per year

N.A

SUTD administered Special Programme/ Grant

Varies between $3,000 - $5,000 per academic year

N.A

 

Click to download financing options chart.

3. Apply

You may apply for, and may be awarded multiple financial assistance schemes depending on your financial situation. 
 
Application for Incoming Undergraduate Students (AY2018 Intake)
Application for financial assistance may be made upon acceptance of SUTD’s admission offer at the Online Pre-Matriculation Exercise (OPEX). You will only need to submit a single online application for SUTD administered Study/Bursary awards and MOE/CDC/CCC University Bursary Scheme.
 
Application Timeline for Incoming Undergraduate Students (AY2018 Intake)
20 Mar 2018 - 20 Apr 2018

Instructions to Applicants

  1. Access MyPortal to apply online. For incoming students, you will be able to log in to MyPortal once you have successfully completed your Online Pre-matriculation Exercise (OPEx)
  2. Upon logging in, navigate through Self Service > Campus Finances > Financial Aid Application.
  3. Please follow the instructions indicated in the online application portal and complete all required fields in the online application form.
  4. Please ensure that you save and print out the completed application form before exiting from the application portal. 
  5. Please refer to the Document Checklist form for the required supporting documents. Please click here for the Document Checklist form.
  6. If any of your parents or siblings is self-employed or unemployed, please download and submit the completed Self-Declaration form. Please click here for the Self Declaration form (Parents/Siblings who are self-employed or unemployed).
  7. Please submit the completed application form and all required supporting documents in a sealed envelope to the Office of Student Administration via the submission box located at Campus Centre Building 3, Level 2.

Example Of Financial Assistance Package

Your financial assistance package may comprise a combination of loans and bursary depending on the extent of your assessed financial neediness based on your financial aid application and the required supporting documents. 

Two examples are shown below:

Estimated annual educational and living expenses (based on AY 2017)

Tuition Fee Payable (after tuition grant subsidy by Singapore Government): $12,900
Compulsory Miscellaneous Fees: $300
Estimated Accommodation Cost (for 2 terms): $2,800
Total Estimated Educational Expenses: $16,000
Estimated Living Expenses: $6,400
Total Estimated Annual Expenses: $22,400
Financial Assistance Package
 

Example A

Student A (Singapore Citizen) has a family of 5 members, with a gross monthly income of $3100, or per capita income of $620

Example B

Student B (Singapore Citizen) has a family of 4 members with a gross monthly income of $8000, or per capita income of $2,000

SUTD administered Study/Bursary Award ~$5,000* ~$5,000*
Tuition Fee Loan $6,320 (80% of annual subsidised tuition fees less SUTD administered Study/ Bursary Award) $7,110 (up to 90% of annual subsidised tuition fees less SUTD administered Study/ Bursary Award)
Study Loan (Tuition Fee Financial Only) $1,580 (up to 20% of annual subsidised tuition fees less SUTD administered Study/ Bursary Award) $790 (up to 10% of annual subsidised tuition fees less SUTD administered Study/ Bursary Award)
Study Loan (Allowance Financing Only) $3,600 $3,600
MOE Bursary: $0 Tier 2: $1,350
CDC/ CCC– University Bursary Tier 1: $4,000 $0
SUTD Education Opportunity Grant $4,000 $0
Total Annual Financial Package $24,500 $17,850
* Depends on quantum of bursary awarded and relevant terms & conditions.
^ Study Loan is interest free up to 5 years after graduation if PCI ≤ S$950.

Conclusion: Educational expenses will be fully covered by the above schemes.

For further information, contact us:

Office of Student Administration (OSA)
8 Somapah Road
Singapore 487372
Contact number: +65 6499 4060
Email address: studentadmin@sutd.edu.sg