Loans and Bursaries Administered by NTU Office of Admissions and Financial Aid

BA/BSc (Ed) student teachers are eligible for Overseas Study Programme (OSP), Student and PC Loan. 

For student teachers who are neither drawing salary/stipend from MOE nor paying non-subsidised tuition fees, they are eligible to apply for bursary.

Please refer to: http://www.ntu.edu.sg/NSS/NSSFinance/FinancialAssistance/Pages/index.aspx for details.

Schemes Administered by NIE Finance Department

Needy BA/BSc(Ed) student teachers, who do not receive salary, stipend may apply for any of the following to fund their tuition fees:

a)       Tuition Fee Loan (TFL) – submit directly to the agent banks appointed by NTU
b)       CPF Education Scheme – submit to NIE Student Services Centre at Student Hub, Level 1
c)       Mendaki Tertiary Tuition Fee Subsidy – submit application online at http://tfas.mendaki.org.sg/

Full-fee paying student teachers and part-time student teachers are not eligible for these schemes.

Student teachers can refer to the NIE Portal (http://nieportal.nie.edu.sg) for details.

More information on the Tuition Fee Loan from agent banks appointed by NTU can be obtained at http://www.nie.edu.sg/student-services-centre/financial-aid

More information on the CPF Education Scheme can be obtained at https://www.cpf.gov.sg/Members/Schemes/schemes/other-matters/cpf-education-scheme

More information on the Mendaki Tertiary Tuition Fee Subsidy can be obtained at http://www.mendaki.org.sg

Tuition Fee Loan for BA/BSc(Ed) Student Teachers

Who is eligible?

All applicants (Singapore, SPR or International) pursuing their undergraduate degree* are eligible for the loan regardless of family income.


*Note:
- SPR/International students paying non-subsidised tuition fees are not eligible to apply for financial aid schemes

- BA/BSc (Ed) Student Teachers who are receiving salary, stipend from MOE are also not eligible for the Tuition Fee Loan (TFL).

Quantum

The Tuition Fee Loan (TFL) covers up to 90% of subsidised tuition fee payable by Singaporeans for a similar programme. It does not cover compulsory miscellaneous fees and hostel fee.

Note: For SPR and international students 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 Singaporeans for a similar programme of study. As the subsidised tuition fees for SPR and international students are higher than the fees for Singaporean students, the loans will not cover your tuition fees in full.

Disbursement of funds

For students who are using a combination of loans &/or subsidies to settle their MOE subsidised tuition fees, the disbursement sequence is as follows:

1. Mendaki Tertiary Tuition Fee Subsidies (MTTFS) where applicable
2. PSEA funds where applicable
3. CPF funds under the CPF Education Scheme where applicable
4. Tuition Fee Loan (TFL) where applicable
5. Study Loan (SL) where applicable
6. NTU/MOE/Donated Bursary where applicable
7. GIRO deduction from students' own account/other account (for those with a GIRO arrangement with NIE to pay their semestral tuition & compulsory miscellaneous fees)

The total disbursements shall not exceed the amount of tuition, compulsory miscellaneous and late fees payable.

Administration of Loan

The University has appointed Development Bank of Singapore (DBS Bank) and Oversea-Chinese Banking Corporation (OCBC Bank) as agents to administer the Tuition Fee Loan Scheme.

Guarantor

1. One guarantor aged 21 to 60 years (before turning 61 years old based on date of birth), and not an un-discharged bankrupt. 
2. There is no income qualification.
3. A loan applicant who is a:
   • Singaporean student to provide a Singaporean guarantor.
   • Singapore Permanent Resident student to provide a Singaporean/Singapore Permanent Resident guarantor.
   • International students to provide a guarantor of any nationality.
4. A person is discouraged from standing in for more than 2 loans in view of the financial implications.

Interest

An interest rate at the average of the prime rates of the following banks, DBS, OCBC and UOB, prevailing on the first day of each quarter or such other rates as may be determined from time to time by the bank will be charged upon graduation. Interest will be accrued on a monthly basis.

(Examples of interest commencement date:- If your final examination result slip releases in June, interest will commence on 1^st August of the same year. If your final examination result slip releases in December, interest will commence on 1^st February of the following year).

Repayment

• Repayment of loan can be in one lump sum or by equal monthly instalments commencing not later than two years from the date that interest is first chargeable on the loan or upon securing employment whichever is earlier.

   

• The minimum amount of repayment is S$100 per month and the maximum repayment period is 20 years.

   

• In the event that the student leaves the University without completing the programme of study, the loan outstanding will immediately become due and payable. He may, however, repay the outstanding sum by monthly instalments on such terms and conditions as the University may allow depending on the circumstances of each case. 

Late Payment Charge

Penalty interest will be levied at the rate of 1% per month on instalments in arrears.

 

How to Apply 

1. Students who wish to apply for the Tuition Fee Loan are required to complete the TFL Form and visit the bank together with your guarantor during the application period listed below.

    

2. You need only apply once for this loan to cover you for the duration of your programme at NIE.

    

3. If you are applying outside the application period, NIE Student Services Centre (SSC) at NIE Student Hub Level 1 will need to endorse your TFL Application Form before you visit the bank. For form endorsement at NIE SSC, your guarantor need not be present. Submit to DBS or OCBC at any time with your guarantor once NIE Student Services Centre’s endorsement is obtained.

    

4. Please submit a photocopy of the TFL Application Form to NIE Finance department after the bank has approved your application, address to the following person:

 
NIE Finance Department

NIE1-02-01
1 Nanyang Walk
Singapore 637616
Attention: Mr.Loh Hong Yi

Application Period:

TFL to take effect    from:	Application Period
Semester 1 AY2017/2018	Up to 15 August 2017 16 August 2017 to 31 December 2017 (late application period^) (After 31 December 2017, if you have outstanding Semester 1 AY2017/2018 tuition fees and would like to apply for TFL to take effect from Semester 1 AY2017/2018, request for an email approval from NIE Student Services Centre (email add: studentservices@nie.edu.sg) before submitting your TFL form to the bank.)
Semester 2 AY2017/2018	Up to 15 January 2018 16 January 2018 to 31 July 2018 (late application period^) (After 31 July 2018, if you have outstanding Semester 2 AY2017/2018 tuition fees and would like to apply for TFL to take effect from Semester 2 AY2017/2018, request for an email approval from NIE Student Services Centre (email add: studentservices@nie.edu.sg) before submitting your TFL form to the bank.)
Semester 1 AY2018/2019	Up to 15 August 2018 16 August 2018 to 31 December 2018 (late application period^) (After 31 December 2018, if you have outstanding Semester 1 AY2018/2019 tuition fees and would like to apply for TFL to take effect from Semester 1 AY2018/2019, request for an email approval from NIE Student Services Centre (email add: studentservices@nie.edu.sg) before submitting your TFL form to the bank.)
Semester 2 AY2018/2019	Up to 15 January 2019 16 January 2019 to 31 July 2019 (late application period^) (After 31 July 2019, if you have outstanding Semester 2 AY2018/2019 tuition fees and would like to apply for TFL to take effect from Semester 2 AY2018/2019, request for an email approval from NIE Student Services Centre (email add: studentservices@nie.edu.sg) before submitting your TFL form to the bank.)

 

^ For late applications, the loan may not be disbursed in time to be reflected in your e-bill and to finance your tuition fees by payment due date. For overdue payments, a late payment fee is charged.

Further enquiries 

NIE Student Services Centre
Email: studentservices@nie.edu.sg

Development Bank of Singapore (DBS Bank)
Tel: 6333 0033

Overseas-Chinese Banking Corporation (OCBC Bank)
Tel: 1800-363-3333 (within Singapore/ +65-6363-3333 (outside Singapore)

Tuition Fee Loan for Graduate Students

The Tuition Fee Loan is financial assistance given to graduate students pursuing their higher degree through research or selected coursework programmes.

Note:

1. Students who are paying non-subsidised tuition fees are NOT  eligible for Tuition Fee Loan.
2. Students currently on scholarships are not eligible for the loan. You may want to learn about scholarships that are available for higher degree students.

Eligibility

Candidates enrolled in the following full-time and part-time research programmes are eligible to apply for a Tuition Fee Loan of up to 90% of the research fee payable by Singapore citizens.

a)    Doctor of Philosophy

b)    Master of Arts (by research)

c)    Master of Science (by research)

Candidates enrolled in the following full-time subsidised coursework programmes are eligible to apply for a Tuition Fee Loan of up to 90% of the tuition fee payable by Singapore citizens.

a)    Master of Arts (Applied Linguistics)

b)    Master of Education (all specialisations)

c)    Master of Science (Exercise & Sport Studies)

d)    Master of Science (Life Sciences)

Note: For SPR students who take up the Tuition Fee Loan, you will only receive a total loan amount equivalent to the subsidised tuition fees payable by Singaporeans for a similar programme of study. As the subsidised tuition fees for SPR students are higher than the fees for Singaporean students, the loans will not cover your tuition fees in full.

Quantum

Below is a worked example of what it means by ‘The tuition fee loan covers up to 90% of tuition fee payable by Singapore citizens.’ It is computed based on the tuition fees per academic year for new research students in AY2018-19.

Nationality	Programme	Subsidised full-time fee (Research) (SGD)	Maximum Loan (SGD)
Singapore Citizen	Master of Arts	$9,000	90% x $9,000= $8,100
Singapore Permanent Resident	Master of Arts	$12,600	90% x $9,000= $8,100

Administration of Loan

The University has appointed Development Bank of Singapore (DBS Bank) and Overseas-Chinese Banking Corporation (OCBC Bank) as agents to administer the Tuition Fee Loan Scheme.

How to Apply

1. Download a copy of the Tuition Fee Loan (TFL) Application form.
2. Submit the form to any of the above banks after you have matriculated at NTU/NIE.
3. Tuition Fee Loan application for a new Academic Year must be submitted directly to the bank by the 1st day of that Academic Year.
4. For applications submitted after the deadline, the completed forms should be endorsed first at the NIE Student Services Centre (SSC) at NIE Student Hub Level 1 (Your guarantor need not be present).
5. For late applications, the loan may not be disbursed in time to be reflected in your e-bill and to finance your tuition fees by payment due date. For overdue payments, a late payment fee is charged.
6. Please submit a photocopy of the TFL Application Form to NIE Finance department after the bank has approved your application, address to the following person:  

NIE Finance Department
NIE1-02-01
1 Nanyang Walk
Singapore 637616
Attention: Mr Yee Kok Keong

Application Period

TFL to take effect from:	Application Period
Semester 1 AY2018/2019	Up to 15 August 2018
Semester 2 AY2018/2019	Up to 15 January 2019

Further enquiries

Development Bank of Singapore (DBS Bank)
Tel: 6333 0033

Overseas-Chinese Banking Corporation (OCBC Bank)
Tel: 1800-363-3333 (within Singapore/ +65-6363-3333 (outside Singapore)

CPF Education Scheme for BA/BSc(Ed) Student Teachers

The Central Provident Fund (CPF) Education Scheme is for the payment of MOE subsidised tuition fee for full-time undergraduate programmes.  It does not cover compulsory miscellaneous fees and hostel fee. CPF funds cannot be withdrawn for tuition fees that are not subsidized by MOE.   

BA/BSc(Ed) student teachers who do not receive salary, stipend and whose tuition fees are not paid by MOE may apply for the Central Provident Fund (CPF) Education Scheme.

BA/BSc (Ed) student teachers can use own, spouse’s or parents’ CPF savings to pay for tuition fees. The CPF Board will consider the use of sibling's or relative's CPF savings only on a case-by-case basis.

Full-fee paying students and part-time students are not eligible for this scheme.

Disbursement of funds

For students who are using a combination of loans &/or subsidies to settle their MOE subsidised tuition fees, the disbursement sequence is as follows:

1. Mendaki Tertiary Tuition Fee Subsidies (MTTFS) where applicable
2. PSEA funds where applicable
3. CPF funds under the CPF Education Scheme where applicable
4. Tuition Fee Loan (TFL) where applicable
5. Study Loan (SL) where applicable
6. NTU/MOE/Donated Bursary where applicable
7. GIRO deduction from students' own account/other account (for those with a GIRO arrangement with NIE to pay their semestral tuition & compulsory miscellaneous fees) 

The total disbursements shall not exceed the amount of tuition, compulsory miscellaneous and late fees payable.

Guarantor

The CPF Board has waived the requirement for Singaporean students to provide a guarantor for new applications received with effect from 1 April 2005. However, the CPF Board reserves the right to require a student to furnish a guarantor acceptable to the Board when it is deemed necessary.

With effect from 10 November 2008, a student who is not a Singapore Citizen or Singapore Permanent Resident is required to provide a guarantor. For guarantor’s requirements, please refer to Part 4 of the Use CPF Savings for Education Scheme form (Form AES/F1).

Interest & Withdrawal Fee

Interest is computed from the time the CPF savings are withdrawn, at the prevailing CPF interest rate. CPF charges a withdrawal administration fee per withdrawal.

Repayment

•         The repayment can be made in one lump sum or in monthly instalments over  a maximum period of 12 years. For outstanding amounts of up to S$10,000, the minimum repayment per month is S$100.

•         Repayment starts one year after the student graduates or one year after he leaves the programme, whichever is earlier.

•         All repayments must be in cash.

How to apply

Please complete these application forms:

1)  Student Data Sheet

2)  CPF Education Scheme Instructions & AES/F1 Form

If the guarantor is currently not contributing to his CPF Account, you are required to furnish a copy of his Notice of Tax Assessment for the current year or a duly signed letter from his employer, as well as a photocopy of his identity card.

Please submit the forms and supporting documents to NIE Student Services Centre at the following address within the submission period.

National Institute of Education
Student Services Centre
Block 3B, Student Hub, Level 1
1 Nanyang Walk
Singapore 637616
Attn:    Mr Edwin Tan    
           Senior Customer Service Executive

You are required to submit only one application for the whole programme of study.

Application period

To take effect from	Application Period
Semester 1 AY2018-19	1 June 2018 to 31 July 2018 (After 31 July, if you have outstanding Semester 1 AY2018 tuition fees and would like to apply for use of CPF funds, please submit an appeal directly to CPF Board at member@cpf.gov.sg and copy the appeal to Mr Loh Hong Yi, NIE Finance at hongyi.loh@nie.edu.sg.)
Semester 2 AY2018-19	1 November 2018 to 31 December 2018 After 31 Dec, if you have outstanding Semester 2 AY2018 tuition fees and would like to apply for use of CPF funds, please submit an appeal directly to CPF Board at member@cpf.gov.sg and copy the appeal to Mr Loh Hong Yi, NIE Finance at hongyi.loh@nie.edu.sg.)

Cancellation

To stop withdrawal of the CPF funds, please fill up the CPF Revocation Form and submit it to the CPF Board to discontinue the CPF Education Scheme. CPF withdrawals will continue until you graduate/cancel/revoke your application. If you do not wish/need to withdraw CPF funds, please remember to cancel/revoke your application to avoid incurring the withdrawal fee.

Further information

More information is available at:
https://www.cpf.gov.sg/Members/Schemes/schemes/other-matters/cpf-education-scheme

Mendaki Tertiary Tuition Fee Subsidy for BA/BSc(Ed) Student Teachers

The Mendaki Tertiary Tuition Fee Subsidy (TTFS) scheme, introduced in 1991, is an education subsidy for Malay students to cover their tuition fees at tertiary institutions. The Government, together with Yayasan Mendaki, has revised the income eligibility criteria for the scheme to benefit more Malay students in tertiary institutions to ensure that students in financially challenged families are not denied access to higher education, while cultivating the spirit of self-reliance in more well-to-do families. The new criteria will take effect from the academic year (AY) 2012.

Who is eligible?

• Singapore Citizen/Singapore Permanent Resident Malay students.
• Monthly household Per Capita Income (PCI) does not exceed S$2,000.
• Students receiving MOE Tuition Grant and pursuing their first full time degree.

Quantum

• 100% of MOE subsidized tuition fee payable by Singaporean student if PCI is S$1,400 and below.
• 75% of MOE subsidized tuition fee payable by Singaporean student if PCI is between S$1,401 to S$1,700.
• 50% of MOE subsidized tuition fee payable by Singaporean student if PCI is between S$1,701 to S$2,000.

Disbursement of funds
For students who are using a combination of loans &/or subsidies to settle their MOE subsidised tuition fees, the disbursement sequence is as follows:

1. Mendaki Tertiary Tuition Fee Subsidies (MTTFS) where applicable
2. PSEA funds where applicable
3. CPF funds under the CPF Education Scheme where applicable
4. Tuition Fee Loan (TFL) where applicable
5. Study Loan (SL) where applicable
6. NTU/MOE/Donated Bursary where applicable
7. GIRO deduction from students' own account/other account (for those with a GIRO arrangement with NIE to pay their semestral tuition & compulsory miscellaneous fees)

The total disbursements shall not exceed the amount of tuition, compulsory miscellaneous and late fees payable.

How to apply

• Apply online at Mendaki’s website during application period. (Do not submit any hardcopy forms to Mendaki)
• Supporting documents are to be submitted via the on-line application.
• You are required to submit only one application for the whole programme of study.
• Yayasan Mendaki will inform you of the outcome and update NIE if your application has been approved.

For existing students who would like Mendaki to review their subsidy amount, you will need to reapply again. Existing students who are receiving 100% subsidy need not reapply for the subsidy.

Application Period

To take effect from                    Application Period

Semester 1 AY2018-2019          1 June 2018 to 31 July 2018
Semester 2 AY2018-2019          15 November 2018 to 15 December 2018      

To check on your application outcome or to appeal to apply after this deadline, email directly to Yayasan Mendaki at ttfs@mendaki.org.sg

Further information

More information on this scheme and other financial assistance offered by Yayasan Mendaki is available at http://www.mendaki.org.sg/

Post Secondary Education Account (PSEA)

The PSEA scheme is administered by the Ministry of Education (MOE) which allows students to utilize the funds in their own and/or their siblings' PSEA accounts for the payment of selected fees and costs.

Funds in the PSEA account may be utilized for:

• Payment of tuition fee and/or compulsory miscellaneous fees including GST (late fees are excluded)
• Reimbursement of course fees/expenses related to enrichment programmes approved by the University

Who is eligible?

Full-time and Part-time students who have a PSEA account. The PSEA scheme also allows students to utilize their siblings’ PSEA funds for the payment of their tuition fees and miscellaneous fees.

To check the amount of available funds in your PSEA, call MOE Autophone System at 62600777.

Disbursement of funds

For students who are using a combination of loans &/or subsidies to settle their MOE subsidised tuition fees, the disbursement sequence is as follows:

1. Mendaki Tertiary Tuition Fee Subsidies (MTTFS) where applicable
2. PSEA funds where applicable
3. CPF funds under the CPF Education Scheme where applicable
4. Tuition Fee Loan (TFL) where applicable
5. Study Loan (SL) where applicable
6. NTU/MOE/Donated Bursary where applicable
7. GIRO deduction from students' own account/other account (for those with a GIRO arrangement with NIE to pay their semestral tuition & compulsory miscellaneous fees)

The total disbursements shall not exceed the amount of tuition, compulsory miscellaneous and late fees payable.

How to apply?

FOR PAYMENT OF MISCELLANEOUS FEES/ TUITION FEES (ONE TIME PAYMENT)

PSEA Ad Hoc Withdrawal is a one-time withdrawal to pay for tuition fee, miscellaneous fee for any one particular semester. One application form is to be submitted for each specific withdrawal.

The application will only be submitted to MOE if there are outstanding tuition/miscellaneous fees at the point of checking by NIE Finance department. If there is no longer any outstanding amount, the application will not be submitted to MOE as there is no reimbursement of funds to students.

If you have already established PSEA Standing Order during your polytechnic/university studies, Ad Hoc Withdrawal is not applicable to you.

If you are already on the CPF Education scheme and applied for adhoc use of the PSEA funds for the payment of your tuition fees, please note that you will incur the CPF withdrawal fee unless you are successful in revoking your CPF Education scheme before CPF Board carries out the withdrawal for the affected semester. Please consult the CPF Board for more details at: https://www.cpf.gov.sg/Members/schemes/schemes/other-matters/cpf-education-scheme

How to apply

Click here to download the Ad Hoc Withdrawal form and submit in person / mail to the following person during the application period:

NIE Student Services Centre
Block 3B, Student Hub, Level 1
1 Nanyang Walk
Singapore 637616
Attn: Mr Edwin Tan
Senior Customer Service Executive

• Please indicate in the application form the usage category and exact amount.
• Clearly indicate the semester and academic year you are paying in the application form.

• Please note that the application form will only be submitted to MOE if there are outstanding tuition/miscellaneous fees at the point of checking by NIE Finance department. If there is no longer any outstanding amount, the application will not be submitted to MOE as there is no reimbursement of funds to students. 

Application Outcome
Successful application	If it is approved, MOE will proceed to release the funds to the university within 6-7 weeks from your application submission date. The amount released by MOE will be equivalent to the withdrawal amount you have indicated on the application form OR available fund balance in PSEA account (whichever is lower). MOE will not send you any statement at the point of withdrawal to update you on the amount withdrawn. They will send you a withdrawal statement at the end of the 3rd month after your submission date. Before you receive the withdrawal statement, you may call MOE Autophone System at 6260 0777 to check on your fund balance. The PSEA funds may not be released in time to pay for your tuition/miscellaneous fees by payment due date. For overdue payments, a late payment fee is charged by the university.
Unsuccessful application	MOE will let you know via email within 4 weeks from your application submission date.