8/13/2019 NUS_FinancialAidBrochure.pdf
3/5
NUS FINANCIAL AID SCHEMESA. Externally Administered Schemes
SCHEME WHO CAN APPLY?QUANTUM & GUARANTORCRITERIA (LOANS
ONLY)
APPLICATION
Tuition Fee
Loan1,3
(TFL)
All full-time
undergraduate students
except international
students who do not take
up the MOE Tuition Grant.
The loan quantum is up to 90% of
the tuition fee payable by Singapore
citizens for the same course2. The
loan can cover recipients for the entire
course of study.
A guarantor who is not a bankrupt
and between 21 60 years old is
required. He/she cannot be a party
(borrower/guarantor) to more than
one other loan agreement. Only
Singaporean guarantors are acceptable
for Singaporean students; Singaporean/SPR guarantors are
acceptable for SPR
students and Singaporean/SPR/non-
Singaporean guarantors are acceptable
for international students.
The application form is
available at the Office
of Financial Aid website:
http://www.nus.edu.sg/
financialaid/The completed
form is to be submitted
to either DBS or OCBC
Bank for processing by mid
July for local students and
end July for international
students.
CPF
Education
Scheme1,3
(CES)
Full-time undergraduate
students who have and/
or whose parents have
sufficient CPF funds
excluding those who do
not take up the MOE
Tuition Grant.
The loan quantum is up to 100% of
the tuition fee payable2and the CPF
member may only use up to 40% of
accumulated savings in the ordinary
account, excluding amounts withdrawn
for housing.The loan can cover
recipients for the entire course of study.
Apply online via the CPF
Board website at:
http://www.cpf.gov.sg/by
end July or the deadline as
stipulated in the website,
whichever is earlier.
Mendaki
Tertiary
Tuition Fee
Subsidy1,3
(TTFS)
Financially needy Malay
undergraduate students
who are Singapore
Citizens and have enjoyed
free secondary and
pre-university education.
Monthly gross family
income does not
exceed $3,000.
The quantum is 70% of tuition fee
subsidy for those whose monthly family
income is between $2,001 and $3,000
or 100% of tuition fee subsidy for
those whose monthly family income
is $2,000 and below.
Download the application
form at the Office of
Financial Aid website:
http://www.nus.edu.sg/
financialaid/from mid July
onwards and the completed
form must be submitted
together with the required
supporting documents to
the Office of Financial Aid
by end July.
Post-
Secondary
Education
Account
(PSEA)1
Singapore Citizens who
have a PSEA account
The quantum varies according to the
funds available in each individuals
PSEA account. The PSEA can be used
for payment of tuition fees (inclusive of
mandatory miscellaneous fees) as well
as enrichment programmes approved
and endorsed by the University.
Download the application
form at the Office of
Financial Aid website:
http://www.nus.edu.sg/
financialaid/ and submit
the completed form at the
Registration Centre on your
Registration Day in July.
1 Application for these schemes may be carried out upon securing
admission to NUS.2 The loan quantum is based on the tuition fee
rate for Singapore Citizens, e.g. the subsidised tuition fee
payable for
a Singaporean and an international Engineering undergraduate
student in the academic year 2010/2011 is $6,890and $11,030 per
annum respectively. The TFL quantum for an eligible international
Engineering undergraduatestudent would be up to 90% of $6,890.
3 Disbursement of funds is done at the beginning of Semester 1
and 2 provided that tuition fees are chargedfor that semester.
B. NUS Administered Schemes
SCHEME WHO CAN APPLY?QUANTUM & GUARANTORCRITERIA (LOANS
ONLY)
APPLICATION
NUS StudyLoan2
(NSL)
Needy undergraduatestudents who have takenthe maximum TFL
and/orCES and/or TTFS coveragefor the tuition fee payable
by Singapore citizens forthe same course of study1.
Local and internationalstudents whose grossmonthly per
capitahousehold income is not
more than $2,400 and$1,200 respectively.
The loan quantum is 10% or 20% ofthe tuition fee payable by
SingaporeCitizens for the same course of study1and/or annual living
allowance loan of$3,600. The loan can cover recipients forthe
entire course of study.
A guarantor who is not a bankruptand between 21 60 years old
isrequired. He/she cannot be a party(borrower/guarantor) to more
thanone other loan agreement. Only
Singaporean guarantors are acceptablefor Singaporean students;
Singaporean/SPR guarantors are acceptable for SPRstudents and
Singaporean/SPR/non-Singaporean guarantors are acceptablefor
international students.
Existing and prospectivestudents may applyonline via the
NUSFinancial Aid applicationsystem from 1 Februaryto 1 April.
Supporting documentsmust be submitted to theOffice of Financial
Aidwithin two weeks of theonline application date.
Applications shouldbe made (1) as soonas possible after
yourapplication for admissionand regardless ofwhether you have
beenoffered admission toNUS and (2) regardlessof whether you intend
toapply for scholarships and/or other forms of financialassistance
offered oradministered by sourcesother than the NUS Officeof
Financial Aid.
Only one application isrequired for the studentto be considered
for theNUS Study Loan, MOEBursary, NUS Bursary,NUS Student
AssistanceLoan and Work-studyAssistance schemes.
MOE Bursary2 Singapore Citizens whosegross monthly per
capitahousehold income is notmore than $1,700 may
be considered.
The bursary quantum is up to $1,200per annum and is offered
dependenton the assessed level of needinessof the applicant.
Re-application is required every year.
NUS Bursary2 Needy undergraduateswho have obtainedmaximum
financingunder the TFL and NUSStudy Loan (with livingallowance) may
beconsidered.
The bursary quantum is up to $1,650per annum and is offered
dependenton the assessed level of needinessof the applicant.
Re-application is required every year.
NUS StudentAssistanceLoan(SAL)
Needy undergraduatestudents who are inreceipt of the NUS
StudyLoan with the livingallowance component.
Recipients of the ASEAN/NUS UndergraduateScholarship, NUS
FacultyScholarship, UniversityEngineering Scholarshipand such
otherscholarships arealso eligible to applyfor this loan.
The loan quantum is dependent onthe assessed level of neediness
of theapplicant. The loan can cover recipientsfor the entire course
of study.
A guarantor who is not a bankrupt andbetween 21 60 years old is
required.He or she must be a Singapore Citizen orSingapore
Permanent Resident and mustnot be a party (borrower/guarantor)
tomore than one other loan agreement.
Work-StudyAssistance
Needy full-timeundergraduate studentswho are in receipt of
theNUS Study Loan may beconsidered.
An international applicant must notwork more than 16 hours per
weekduring term time. There is no suchrestriction during vacation
time.
Re-application is required every year.
8/13/2019 NUS_FinancialAidBrochure.pdf
4/5
Examples of Financial Aid Packages For Relatively Needy
UndergraduateStudents from Engineering and Science Faculties
EXAMPLE 1: FOR SINGAPORE CITIZENS
TUITION FEE AND LIVING EXPENSES $
Total annual tuition fee payable 33,290
Tuition Grant subsidy 26,400
Balance tuition fee payable (subsidised tuition fee) 6,890
Estimated living expenses (excluding accommodation) 6,000
Total amount payable (a) 12,890
FINANCIAL AID FUNDS
Tuition Fee Loan (90% of subsidised tuition fee) 6,201
NUS Study Loan (10% of subs id ised tui tion fee) + $3 ,600 li
vi ng all owance 4,289
NUS Bursary 1,320
Total financial aid funds (b) 11,810
Estimated annual out-of-pocket amount payable (a) (b) 1,080*
EXAMPLE 2: FOR SINGAPORE PERMANENT RESIDENTS
TUITION FEE AND LIVING EXPENSES $
Total annual tuition fee payable 34,670
Tuition Grant subsidy 26,400
Balance tuition fee payable (subsidised tuition fee) 8,270
Est ima ted livi ng expenses (i nc luding cheapest on-campus a
ccommodat ion ) 8,000
Total amount payable (a) 16,270
FINANCIAL AID FUNDS
Tuition Fee Loan (90% of subsidised tuition fee at Singaporean
rate) 6,201
NUS Study Loan (10% of s ubsidised tuition fee at Singaporean
rate)
+ $3,600 living allowance4,289
NUS Bursary 1,260
Total financial aid funds (b) 11,750
Estimated annual out-of-pocket amount payable (a) (b) 4,520*
EXAMPLE 3: FOR INTERNATIONAL STUDENTS
TUITION FEE AND LIVING EXPENSES $
Total annual tuition fee payable 37,430
Tuition Grant subsidy 26,400
Balance tuition fee payable (subsidised tuition fee) 11,030
Est ima ted livi ng expenses (i nc luding cheapest on-campus a
ccommodat ion ) 8,000
Total amount payable (a) 19,030
FINANCIAL AID FUNDS
Tuition Fee Loan (90% of subsidised tuition fee at Singaporean
rate) 6,201
NUS Study Loan (10% of s ubsidised tuition fee at Singaporean
rate)
+ $3,600 living allowance
4,289
NUS Bursary 1,000
Total financial aid funds (b) 11,490
Estimated annual out-of-pocket amount payable (a) (b) 7,540*
WHEN WILL I RECEIVE MY FINANCIAL AIDOFFER AND FUNDS?
Prospective and existing students can check the outcome of your
financial aid application via the Financial
Aid online system from March and June onwards respectively.
Please check your email regularly to avoid
missing our notification on your application outcome or our
requests for additional/missing documents.
CHECKLIST
ACTIVITY APPLICABLE TO? DATE
Apply for NUS administeredFinancial Aid
All interested needy undergraduatestudents, including
prospective studentswho have applied for admission to NUS
1 Feb 1 Apr
Submit supporting documentsto the Office of Financial Aid
All financial aid applicants Within 2 weeks ofonline application
date
Offer of Financial Aid(Acceptance Guide available
athttp://www.nus.edu.sg/financialaid/ )
All el ig ib le financial aid applicants Mar Jun
Apply for TFL/CES All interested undergraduate
students,including financial aid applicants
After acceptance ofadmission offers andby mid July
Apply for TTFS All interested Singaporean Malaystudents,
including financial aidapplicants
After acceptance ofadmission offers andby end July
Sign NUS Study Loan and/orStudent Assistance Loan
agreement(s)
All recipients under the respectiveschemes
Jul Sep
Recei ve proceeds of financi al a id funds* All financia l ai d
re cip ient s Aug Sep
