Loans, Subsidies & PSEA
There are various types of loans available for students to apply. The type and quantum of the loan offered as part of the financial aid package to a student who applies for financial aid will depend on the assessed needs level.
Upon satisfactory compliance of all terms and conditions of the scholarship/financial aid offer, funds in respect of the same will be credited to the student's account with the Office of Financial Services. All fees due to the University will however be deducted from such proceeds prior to crediting.
The order of priority of payment by the various financial aid schemes for the payment of tuition fee and miscellaneous fees is shown below.
- Scholarship that covers 100% of tuition fee / Mendaki Tertiary Tuition Fee Subsidy (TTFS)
- Post-Secondary Education Account (PSEA) Scheme
- Central Provident Fund (CPF) Education Scheme (CES)
- NUS Study Loan
- Tuition Fee Loan (TFL)
- GIRO deductions/NETS/others