Disbursement of Financial Aid
Financial aid is awarded for the academic year and disbursed each semester based on a student’s enrolment status. Different aid schemes may disburse at different times as follows:
| No. | Financial Aid Scheme | Application/Acceptance Timeline | Disbursement Timeline | Usage/Receipt of Funds |
|---|---|---|---|---|
| 1 | MOE Tuition Fee Loan (Applicable for AY2025/2026 only) | Apply by 31 May 2026 (Semester 2) | Up to 4 weeks from the application date | Funds will be used to offset tuition fees |
| 2 | Higher Education Student Loan (With effect from AY2026/2027) | HESL - Base Provision Apply from July (Semester 1) Apply by January (Semester 2) HESL - Balance Fee Coverage & Living Allowance Sign agreement after mid-September (Semester 1) and after end-January (Semester 2) | HESL - Base Provision By mid-September (Semester 1) By mid-February (Semester 2) HESL - Balance Fee Coverage & Living Allowance Up to 4 weeks after the agreement signed date | HESL - Base Provision Funds will be used to offset tuition fees HESL - Balance Fee Coverage & Living Allowance Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after the agreement signed date |
| 3 | Central Provident Fund (CPF) Education Loan Scheme | Apply by mid-July (Semester 1) Apply by early December (Semester 2) | By mid-September (Semester 1) By end-January (Semester 2) | Funds will be used to offset tuition fees |
| 4 | MENDAKI Tertiary Tuition Fee Subsidy | Apply by end-July (Semester 1) Apply by January (Semester 2) | By mid-September (Semester 1) By end-January (Semester 2) | Funds will be used to offset tuition fees |
| 5 | Post-Secondary Education Account (PSEA) (Standing Order) | Apply by early-August (Semester 1) Apply by December (Semester 2) | By mid-September (Semester 1) By early-February (Semester 2) | Funds will be used to offset tuition fees and miscellaneous fees |
| 6 | Post-Secondary Education Account (PSEA) (AD-HOC Withdrawal – Tertiary Tuition Fee-Course) | Apply by mid-August (Semester 1) Apply by mid-January (Semester 2) | Up to 6 weeks after application date | Funds will be used to offset tuition fees and/or miscellaneous fees |
| 7 | Higher Education Bursary or Higher Education Community Bursary or Residential Programme Bursary or Residential College Bursary | |||
| Accept by early-September (Semester 1) | By mid-September (Semester 1) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by end September | ||
| Accept by end-January (Semester 2) | By early-February (Semester 2) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-February | ||
| Accept after mid-September (Semester 1) and after end-January (Semester 2) | 2 weeks after acceptance | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after acceptance | ||
| 8 | NUS Bursary or Donated Bursary | |||
| Accept and fulfil terms by early-September (Semester 1) | By mid-September (Semester 1) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by end September | ||
| Accept and fulfil terms by end-January (Semester 2) | By early-February (Semester 2) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-February | ||
| Accept after deadlines | 2 weeks after fulfilment | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after fulfilment |
& Funds credited will be reflected in student's bank account in 7 to 10 working days after disbursement.
+ Refer to the Office of Financial Aid’s website for exact deadlines.
* Refer to the Financial Aid Acceptance letter via Applicant Portal.
Payment Sequence
- Scholarship / MENDAKI TTFS
- SkillsFuture Credit
- Higher Education Community/Bursary (Medicine/Dentistry)
- NUS Bursaries
- PSEA
- CPF Education Loan
- Higher Education Student Loan (HESL)
- Higher Education Community/Bursary (others)
- Bursaries (non-NUS)
- GIRO / NETS / others