Financial Assistance (bursaries and more)

Financial Assistance

Bursaries

BURSARIES

Government and/or private funded bursaries are available to the following groups of students:

Government-Funded Bursaries for Full-time Diploma & PFP Students

Eligibility Criteria

Bursary Type		Quantum per Academic Year	Eligibility Criteria		Notes
Bursary Type		Quantum per Academic Year	Income^# Per Capital Income (PCI) Or Gross Household Income (GHI) ^#Click here for important notes for GHI and PCI	Nationality	Notes
Government- Bursaries	Higher Education Community Bursary (HECB) Tier 1	$2,950	$0 ≤ PCI ≤ $750 or $0 ≤ GHI ≤ $3,000	Singapore Citizen	1. Student must not be a recipient of full scholarship (cover tuition fees and allowance)/sponsorship in the same academic year 2. Student on Mendaki Tertiary Tuition Fee Subsidy scheme is eligible to apply for bursary
	Higher Education Community Bursary (HECB) Tier 2	$2.600	$751 ≤ PCI ≤ $1,100 or $3,001 ≤ GHI ≤ $4,400
	Higher Education Bursary (HEB) Tier 1	$2,000	$1,101 ≤ PCI ≤ $1,875 or $4,401 ≤ GHI ≤ $7,500
	Higher Education Bursary (HEB) Tier 2	$900	$1,876 ≤ PCI ≤ $2,500 or $7,501 ≤ GHI ≤ $10,000
	Diploma Foundation Programme (DFP) Bursary	$1300	$0 ≤ PCI ≤ $750 or $0 ≤ GHI ≤ $3,000
Private Funded Bursaries, Awards and Grants		$500 to $6,000	$0 ≤ PCI ≤ $2,500 or $0 ≤ GHI ≤ $10,000	Singaporean Citizen & Singapore PR	1. Student must not be a recipient of full scholarship/sponsorship in the same academic year

(Effective from AY2023/24)

Application and Disbursement

Bursary Type	Application		Disbursement
Bursary Type	Period	Outcome^	Estimated Period	Arrangement
Government Bursaries	AY2023/24 1a) 20 Mar – 1 Apr 2023* 1b) 2 Apr – 30 Apr 2023 *All students are encouraged to apply by 1 Apr 2023 to receive early disbursement of bursary in Jul 2023.	Mid-June 2023	1a) Jul 2023 1b) Aug 2023	1. HECB/HEB/Private funded bursary, award & grant will be used to offset any outstanding fees before disbursement of any balance. Click here for more information 2. DFP bursary will be used to offset fees for the whole academic year before disbursement of any balance. Click here for more information.
	2) 12 Jun – 25 Jun 2023	Mid-Sep 2023	Oct/Nov 2023
	3) 25 Sep – 20 Oct 2023	End-Dec 2023	Jan/Feb 2024
	4) 2 Jan – 11 Jan 2024	End-Feb 2024	Mar/Apr 2024
Private Funded Bursaries, Awards & Grants	25 Sep – 20 Oct 2023	End-Dec 2023	Jan/Feb 2024

^ To check application status, please refer to the “Dashboard” in the NYP Student Portal. Application outcome will be sent via email to the student’s NYP email account.

Government Bursaries

· The type of government bursary that you will be awarded will depend on whether you have met the corresponding income eligibility of the bursary award. You therefore need only to make one application for the different government bursaries – HECB, HEB or DFP Bursary.

· As the majority of full-time subsidised students are eligible for government bursaries, you are highly encouraged to apply for government bursaries early in March/April so that your application can be approved in time for settlement of fees as well as be considered for additional selected private funded bursaries, awards and grants that are given out early in Semester 1. There is no need for separate and additional application for these private funded bursaries, awards and grants.

Private Funded Bursaries, Awards & Grants

· With generous donations from industry partners, charitable organisations and philanthropic individuals, NYP is able to provide financial assistance to needy students in the form of bursaries, awards & grants. Click here to view our donors list.

· For Singaporean full-time subsidised students, once you apply for government bursary in an academic year, you may then be considered by NYP for private funded bursaries, awards and grants, if you meet the donor’s requirement including income eligibility. You are not required to separately apply for private-funded bursaries, awards and grants in that academic year.

· For Singapore Permanent Residents students, you are encouraged to apply for private donor bursaries, awards and grants during the stipulated application period as shown in the table above.

Note:

1. Bursary award is tenable for one academic year only. Students will have to submit a new application if they wish to be considered for the bursary again in the subsequent academic year.

2. Students who have missed the bursary application periods, please contact us at 6550 0056 or bursary@nyp.edu.sg

How to Apply for Government/Private Funded Bursaries

Step 1: Apply Online

a) Apply online through NYP Student Portal* during the application period.

b) Click “Apply Financial Assistance and Awards” -> “Bursaries”.

c) Click “Confirm” to submit your bursary application.

d) Check the acknowledgement email sent to your NYP email account if you have successfully completed application. You must upload all required supporting documents within 5 days from the date of application (using the link in the acknowledgment email or via File Upload System under step 3a)

e) Remain contactable via NYP email or mobile phone after application and document submission. NYP bursary team will contact you if further clarifications are required.

Download System User Guide and FAQ on online application

Step 2: Gather Supporting Documents

a) Gather documents as indicated in the Checklist of Supporting Documents.

b) Scan softcopies of documents using Microsoft Office Lens (Android/IOS) if you do not have a scanner at home.

Download Checklist of Supporting Documents and FAQ

Step 3: Upload Supporting Documents

a) Upload supporting documents using the link provided in email (see step 1d) or File Upload System Link

b) Complete upload of supporting documents within 5 days after completion of application in Step 1.

Download Upload Supporting Documents User Guide and FAQ

Important Information

Full-time diploma students who need financial assistance are encouraged to apply for bursary as early as possible. Some private donor bursaries will be available as a top up bursary in early semester 1 (Apr to Jun) and will be awarded to selected government bursary recipients.
Applicants are to submit only ONE application in any application period within the academic year and they are not required to specify the bursary type or bursary name in the application.
Applicants who are successful in their applications will receive only ONE bursary in the academic year, be it a government or private funded bursary.
Successful applicants must either have an existing GIRO arrangement with NYP (with “Approved” status) OR PayNow account (link to student’s NRIC) in order to receive the bursary disbursement.
Bursary award is tenable for one academic year only. Students will have to submit a new application if they wish to be considered for the bursary again in the subsequent academic year.
Students are to remain contactable via NYP email or mobile phone after submission. NYP bursary team will contact you if further clarifications are required.

Study Loan Scheme

Who are eligible and how much can I loan up to?

All full-time subsidised diploma students (not applicable to Polytechnic Foundation Programme students) who are Singapore Citizen or a Permanent Resident of Singapore with gross monthly household per capita income ≤ $2,700 can apply for the loan which comprises of TWO components:

Component A: A loan of up to 25% of tuition fees payable

Student must already be on one of the following 4 schemes to cover at least 75% of tuition fees:

Tuition Fee Loan Scheme
CPF Education Loan Scheme
Mendaki Tertiary Fee Subsidy Scheme
Post Secondary Education Account (PSEA)

Component B: A loan of up to $2,000 for any 2 consecutive semesters to meet living expenses

Applications for Component B alone are permissible only if tuition fees have been paid in full. If you have tuition fees of up to 25% still owing to the Polytechnic at the point of application for the above, you will have to apply for Component A first before applying for Component B.

Will I be charged interest?

Your family income determines which loan (interest-free/with interest) you will be awarded.

Tier 1 (Interest-free)	Tier 2 (With Interest incurred during loan repayment after graduation)
@Gross Monthly Per Capita Family Income Ceiling	@Gross Monthly Per Capita Family Income Ceiling
≤ $950	≤ $2,700

@: Gross Income of all family members in the same household / No. of Dependents in same household

Interest on the Tier 2 loan will be charged upon graduation at the same rate as the Tuition Fee Loan Scheme; i.e., average of prime rate of DBS, OCBC and UOB.

What is the repayment period and when do I start to pay?

Repayment may be made in one lump sum or by equal monthly instalments comprising both principal and interest and payment of the lump sum or first monthly instalment shall be made not later than 2 years from the date that interest is first chargeable on the Loan.

The maximum repayment period in respect of the loans under the 2-tier loan system is:
Tier 1 (interest-free): 2 years
*Tier 2 (with interest): 5 years

The minimum monthly instalment payment is $100. Penalty interest will be charged at the rate of 1% per month on instalments in arrears.

If a student leaves the Polytechnic without completing the course of study, the loan amount will immediately become due and payable. He may repay the outstanding sum by monthly instalments on such terms and conditions as the Polytechnic may, on a case-by-case basis, determine.

The repayment of instalment amounts shall be made through Interbank GIRO.

Where can I obtain an application form?

Please apply online by clicking here.

Financial Assistance for Notebook Purchases

Needy NYP students could apply for Financial Assistance for Notebook Purchases.

Depending on your study stage (newly enrolled or Year 2/3) and nationality, different application process and funding - Opportunity Fund Scheme or IMDA Programme - will apply.

The amount of subsidy for notebook purchase would be dependent on applicant’s family/household income & nationality, and could be up to 90% of the notebook purchase price (before GST).

For those applying under Opportunity Fund Scheme, kindly note that this is NOT a reimbursement scheme. Please do not place an online order on the vendor’s website until you have received the approval email of your application sent to your NYP email account.

Nationality

Eligibility Criteria

Application Period

Funding Scheme/

Application Process

Application Status

Newly enrolled Year 1 & Poly Foundation Programme (PFP) students

Singapore Citizens

Non-sponsored full time diploma/PFP student
Family Per Capita Income (PCI)* ≤ $1100 OR Gross Household Income (GHI)* ≤ $4400

*Computation:

GHI = Total gross monthly income of all members in household

PCI = GHI / No. of members in household

6 March to 30 April 2023

Opportunity Fund Scheme

Click here

You will be informed of the application outcome via your NYP email within 2 weeks, provided that you have submitted the complete set of supporting documents and processed by NYP accordingly.

Successful applicants can proceed to place an online order on the vendor’s website.

Newly enrolled Year 1 & Poly Foundation Programme (PFP) students

With at least 1 family member staying at the same residential address who is a Singapore Citizen.

Please refer to the IMDA scheme here.

Year 2 and 3 students

With at least 1 family member staying at the same residential address who is a Singapore Citizen.

Overseas Programme Funding

Funding support that is provided to NYP students in overseas programmes could be either specific to the type of overseas trips or targeted at needy students:

Programme-specific funding. Internships and immersion trips primarily to ASEAN, China and India are supported via external funding of Enterprise Singapore’s Global Ready Talent (GRT) Programme; and National Youth Council’s (NYC) Asia-Ready Exposure Programme (AEP).
Neediness-based funding. The Financial Assistance Scheme for Overseas Programme (FASOP) utilises MOE’s Opportunity Fund and NYP’s internal funding to make available subsidy to all NYP students. The Global Entrepreneurship Award (GEA) encourages students to participate in Innovation & Enterprise-related internship in developed countries. The amount of funding is dependent on student’s family financial status as well as student’s nationality and overseas programme type.

Click here for more information on overseas programme funding

Student Support