Financial Matters

Course Fees

Academic Year 2019/2020

The following are annual fees for newly enrolled students admitted in Academic Year 2019/2020:

	Subsidised Students
Fees	Singapore Citizens (SC) (S$)	Singapore Permanent Residents (SPR) (S$)	International Students (IS) (With GST, S$)
Subsidised Tuition Fee (TF)	2,900.00	5,800.00	10,400.00
Supplementary Fees & Applicable GST	85.40	115.40	148.60
Fees Payable for the Academic Year	2,985.40	5,915.40	10,548.60

Notes:

The fees stated above are for your reference only.
Tuition Fees for Singaporean Citizens (SC) and Singapore Permanent Residents (SPR) are before GST. The Government continues to absorb the GST chargeable on tuition fees and examination fees payable by SC and SPR students. Tuition Fees for International Students (IS) are inclusive of GST. This will be billed under a cohort based fee structure, which means that it will remain constant for the entire duration of the course.
Fees are billed on a semestral basis. For fee details and actual amount payable, students can view their online e-Bill at NYP Student Portal upon receiving the SMS notification that e-Bill is available.
Subsidised students are those who are eligible and accepting the MOE Tuition Grant. For details on the scheme, please refer to MOE TG website https://tgonline.moe.gov.sg/.

National Servicemen

Tuition fee for Reserved National Servicemen will be based on the year of offer.

MOE Tuition Grant Scheme

The Singapore Government, through the Ministry of Education (MOE) provides Tuition Grant (TG) to assist students in payment of the full course fees. All students who are eligible and accepting the MOE TG need to apply for the MOE Tuition Grant Scheme.

Students who are not eligible or did not accept TG or did not complete the TG Agreement signing by the scheduled dates, will have to pay the full course fees and the GST for their studies in Nanyang Polytechnic.

Application and Submission for MOE Tuition Grant

a) For Singapore Citizen – download Declaration for Tuition Grant Eligibility Form

b) For Singapore Permanent Resident ^^- download Tuition Grant Option Form (SPRs)

c) For International Student ^^ – download Tuition Grant Option Form (ISs)

Please complete the form and upload here before enrolment deadline stated in the Offer Letter.

^^ Important : For Singapore Permanent Residents (SPRs) and International Students (ISs)

– You are required to fulfil and complete the tuition grant process as follows:

DESCRIPTION

SINGAPORE PERMANENT RESIDENTS AND INTERNATIONAL STUDENTS

MOE TG Briefing

Date : 17 May 2019

Time : 3.30pm to 5.00pm

Venue : NYP Auditorium

The briefing is C O M P U L S O R Y.

It covers the Terms & Conditions and procedures on your application of MOE Tuition Grant Scheme. For details and FAQs, refer to MOE website or contact MOE’s TG Section at 6879 7333/4.

MOE Online Application

Date : 17 - 23 May 2019

(a) Activate your TG account here; and

(b) Click the activation email sent by MOE TGonline system and complete your TGonline application.

International Students - You can only access AFTER you have obtained your student’s pass. Refer to Student's Pass On-Line Applicaton and Registration (SOLAR).

Criteria for Sureties

Get two sureties to act as guarantors:

(a) any nationality;

(b) above 21 years old and below 65 years of age; and

Upon Successful Application at MOE Online

If your sureties are in their home country and are NOT able to meet the scheduled MOE Signing date stated below, you need to :

(a) download a copy of the TG Agreement through the TG online for your sureties overseas;

(b) ensure that your sureties overseas sign the TG Agreement in the presence of Notary Public(s) which includes Notary Public, Commissioner for Oaths or practising lawyer; and

(c) ensure that the Notary Public(s) sign and affix a seal/stamp against each of his/her signatures ONLY on the downloaded TG Agreement. MOE will NOT accept the TG Agreement if there are any other documents issued by the Notary Public(s).

MOE Signing Date

Date : 26 - 27 June 2019

Time : 9.30am to 5.00pm*

Date: 28 June 2019

Time : 9.30am to 4.30pm*

*Lunch Break: 12.00pm to 1.30pm

Venue: NYP, Blk S, Lecture Theatre S1 (LTS-1)

Both you and your sureties are to complete the TG Agreement signing in the presence of NYP officer during the scheduled MOE signing date stated here.

Notary Public(s) cases -

After the original notarised TG Agreement is returned to you by your sureties overseas, you must:

(a) bring the TG Agreement during the scheduled MOE Signing date; and

(b) sign in the presence of NYP officer.

IMPORTANT :

Documents to bring for verification:

Students - Identity card, passport, student’s pass and student card

Sureties (who are personally attending the MOE TG Agreement Signing) – Identity card or passport

You will be bonded to work in Singapore entities for a minimum of 3 years upon graduation.

Fees Payment

How much and when to pay?

You will receive your e-Bill via myNYP portal on the actual fees payable after semester starts. Pay by the due date stated on your e-Bill.

Click here for more information on fees payable.

How to pay?

Payment by Interbank GIRO only.
Application for any Financing Scheme(s) namely, Mendaki Tertiary Fee Subsidy, CPF Education Scheme and Tuition Fee Loan Scheme cover only Tuition Fees and DOES NOT cover the Supplementary Fees. The Supplementary Fees have to be paid via GIRO.
For PSEA (covers Tuition Fee and Supplementary Fees) applicants, fees will be paid via GIRO if there is insufficient fund in the PSEA.

Other Payment Methods: If your GIRO application is not approved yet:

1. Internet Banking (UOB)

Applicable for UOB account holder with internet banking facility.
Login to UOB Internet Banking.
Quote your Admission Number and Bill Number or NRIC Number as payment reference.

2. eNETS Debit

Applicable for DBS Bank/POSB, UOB, OCBC or Citibank account holder with internet banking facility.
Login via myNYP portal.

3. AXS Stations/Internet/Mobile App

a) AXS Stations - At AXS Station, select Education ^Note

b) AXS Internet - Login to AXS Internet, select "Pay online now" -> eServices ^Note

c) AXS Mobile App - Download AXS Payment App, select eServices ^Note

Note: For full-time diploma or Poly Foundation Programme students, continue to select : NYP -> Full-Time Diploma/Polytechnic Foundation Programme

4. NETS or CashCard at i@Central.

Note : Cash payment will not be accepted.

GIRO Application

How to apply for GIRO?

Complete the electronic “Application for Interbank GIRO” Form which is available at the online Enrolment system and here. Please note that TRUST accounts are not eligible for GIRO deduction.

2. Print out and sign/thumbprint on the form.

For bank account operated by signature
Account holder/Joint Account holder(s) is/are to sign as per the bank’s records.
For bank account operated by thumbprint
Account holder is to visit the Bank and get the thumbprint verified.

Note:
a) Amendments, if any, are to be counter-signed by the account holder.

b) No correction fluid/tape is allowed.

3. Submit the completed, verified thumbprint or signed form to NYP before enrolment due date.

Alternatively, for DBS/POSB account holder with internet banking facility, you may apply for GIRO via https://internet-banking.dbs.com.sg/IB/Welcome.

How to check the GIRO application status?

You may check the GIRO application status online via myNYP Portal.

Note: The same Interbank GIRO account will be used for fees deduction and any other disbursements.

When and how the GIRO deduction date and amount will be informed?

You will be informed of the GIRO deduction date and total amount payable via the online e-Bill. When the online e-Bill is avaiable for viewing via myNYP Portal, you will be notified by email sent to your NYP Student email address and/or SMS.

The notification will be sent to you at least 10 days before the deduction date.

Company Sponsored Students

Your sponsoring company is to officially inform NYP’s Admissions Office 14 days before commencement of the semester. The Polytechnic will then bill the sponsor directly.
Please do not apply for any of the Financing Scheme(s) i.e. Mendaki Tertiary Tuition Fee Subsidy, Post Secondary Education Account Scheme, CPF Education Scheme, Tuition Fee Loan Scheme, etc.
You should still apply the MOE Tuition Grant unless your sponsoring company has specifically instructed that it will pay the full course fees. You are to confirm with your sponsoring company before enrolment due date.

Change Of Citizenship Status

Semester fees are due and payable by students at the start of the semester. The fees rates payable are based on the citizenship status prevailing at that point in time, if applicable.

When is the effective date for change of citizenship status?

When did you officially inform NYP?

Is there any revision/adjustment of fees for that semester?

Is there any refund?

Is there any revision/adjustment of fees for subsequent semester?

BEFORE semester starts or WITHIN 2 weeks after semester starts

BEFORE/DURING the semester (Up to the last day of the semester)

YES

Fees will be adjusted in that semester to Singaporean or Singapore Permanent Resident rate accordingly.

YES

If you have paid your fees.

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

AFTER the last day of the semester

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

2 weeks AFTER semester starts

BEFORE/DURING/AFTER the semester

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

Fees Payment By Due Date

If the fees are not paid by the date stated in the FINAL e-REMINDER, students may be subject to ineligibility for examination/module credits for all modules registered for that semester in accordance with Clause 7.1 of the Assessment (Credit Based) Regulations. Refer to NYP website.

Fees Payable Upon Withdrawal

Period of Withdrawal	Fees Payable
Before commencement of a semester	To pay $50 administrative charges
1^st week of semester	To pay 25% of Tuition Fees To pay Insurance, Student Union Fees, Union Entrance and Orientation Package
After 1^st week of semester	To pay 100% of Tuition Fees and Supplementary Fees

Refund Of Excess Payment

Once fees payable is settled, there will be no claim from the Financing Scheme(s) and NO refund of fees already paid.

However, should there be any excess amount, it will be refunded at a later date.

Refunds will be credited to the same Interbank GIRO account for fees deduction.

Academic Year 2018/2019

The following are annual fees for newly enrolled students admitted in Academic Year 2018/2019:

	Subsidised Students
Fees	Singapore Citizens (SC) (S$)	Singapore Permanent Residents (SPR) (S$)	International Students (IS) (With GST, S$)
Subsidised Tuition Fee (TF)	2,800.00	5,600.00	10,000.00
Supplementary Fees & Applicable GST	69.70	99.70	132.90
Fees Payable for the Academic Year	2,869.70	5,699.70	10,132.90

Notes:

The fees stated above are for your reference only.
Tuition Fees for Singaporean Citizens (SC) and Singapore Permanent Residents (SPR) are before GST. The Government continues to absorb the GST chargeable on tuition fees and examination fees payable by SC and SPR students. Tuition Fees for International Students (IS) are inclusive of GST. This will be billed under a cohort based fee structure, which means that it will remain constant for the entire duration of the course.
Fees are billed on a semestral basis. For fee details and actual amount payable, students can view their online e-Bill at NYP Student Portal upon receiving the SMS notification that e-Bill is available.
Subsidised students are those who are eligible and accepting the MOE Tuition Grant. For details on the scheme, please refer to MOE TG website https://tgonline.moe.gov.sg/.

National Servicemen

Tuition fee for Reserved National Servicemen will be based on the year of offer.

MOE Tuition Grant Scheme

The Singapore Government, through the Ministry of Education (MOE) provides Tuition Grant (TG) to assist students in payment of the full course fees.

For Singapore Permanent Residents/International Students who have received MOE TG will be bonded to work in Singapore entities for a minimum of 3 years upon graduation.

Students who are not eligible or did not receive MOE TG will have to pay the full course fees and the GST for their studies in Nanyang Polytechnic.

Fees Payment

Interbank GIRO

Application for any Financing Scheme(s) namely, Mendaki Tertiary Fee Subsidy, CPF Education Scheme and Tuition Fee Loan Scheme cover only Tuition Fees and DOES NOT cover the Supplementary Fees. The Supplementary Fees have to be paid via GIRO.
For PSEA (covers Tuition Fee and Supplementary Fees) applicants, fees will be paid via GIRO if there is insufficient fund in the PSEA.

How to apply for GIRO?

Complete the form. Please note that TRUST accounts are not eligible for GIRO deduction.
Note:
- Amendments, if any, are to be counter-signed by the account holder.
- No correction fluid/tape is allowed.
For bank account operated by signature:
Account holder/Joint Account holder(s) is/are to sign as per the bank’s records.

For bank account operated by thumbprint:
Account holder is to visit the Bank and get the thumbprint verified.
Submit the completed, verified thumbprint or signed form to Nanyang Polytechnic.

Alternatively, for DBS/POSB account holder with internet banking facility, you may apply for GIRO via https://internet-banking.dbs.com.sg/IB/Welcome .

How to check the GIRO application status?

You may check the GIRO application status online via myNYP Portal.

Note: The same Interbank GIRO account will be used for fees deduction and any other disbursements.

When and how the GIRO deduction date and amount will be informed?

You will be informed of the GIRO deduction date and total amount payable via online e-Bill. When the online e-Bill is available for viewing via myNYP portal, you will be notified by email sent to your NYP Student email address and/or SMS.

The notification will be sent to you at least 10 days before the deduction date.

Other Payment Methods: If your GIRO application is not approved yet:

United Overseas Bank Limited (Internet Banking)
- Applicable for UOB account holder with internet banking facility.
- Login to UOB Internet Banking
- Quote your Admission Number and Bill Number or NRIC Number as payment reference.
eNETS Debit
- Applicable for DBS Bank/POSB, UOB, OCBC, or Citibank account holder with internet banking facility.
- Login via myNYP portal.
AXS Stations/Internet/Mobile App

a) AXS Stations - At AXS Station, select Education ^Note

b) AXS Internet - Login to AXS Internet, select "Pay online now" -> eServices ^Note

c) AXS Mobile App - Download AXS Payment App, select eServices ^Note

Note: For full-time diploma or Poly Foundation Programme students, continue to select : NYP -> Full-Time Diploma/Polytechnic Foundation Programme

4. NETS or CashCard at i@Central.

Note : Cash payment will not be accepted.

Company Sponsored Students

Your sponsoring company is to officially inform NYP’s Admissions Office 14 days before commencement of the semester. The Polytechnic will then bill the sponsor directly.
Please do not apply for any of the Financing Scheme(s) i.e. Mendaki Tertiary Tuition Fee Subsidy, Post Secondary Education Account Scheme, CPF Education Scheme, Tuition Fee Loan Scheme, etc.
You should still apply the MOE Tuition Grant unless your sponsoring company has specifically instructed that it will pay the full course fees. You are to confirm with your sponsoring company before enrolment due date.

Change Of Citizenship Status

Semester fees are due and payable by students at the start of the semester. The fees rates payable are based on the citizenship status prevailing at that point in time, if applicable.

When is the effective date for change of citizenship status?

When did you officially inform NYP?

Is there any revision/adjustment of fees for that semester?

Is there any refund?

Is there any revision/adjustment of fees for subsequent semester?

BEFORE semester starts or WITHIN 2 weeks after semester starts

BEFORE/DURING the semester (Up to the last day of the semester)

YES

Fees will be adjusted in that semester to Singaporean or Singapore Permanent Resident rate accordingly.

YES

If you have paid your fees.

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

AFTER the last day of the semester

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

2 weeks AFTER semester starts

BEFORE/DURING/AFTER

the semester

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

Fees Payment By Due Date

Fees Refund Policy

Period of Withdrawal

Students who paid Supplementary Fees and Tuition Fees of the Student Bill

Students who paid Supplementary Fee of the Student Bill and have applied for Mendaki, PSEA and CPF Scheme

Students who paid Supplementary Fee and 25% Tuition Fees of the Student Bill (i.e. have applied for Tuition Fee Loan Scheme)

AMOUNT OF REFUND

FEES PAYABLE

Before commencement of a semester

Full refund of fees paid

No fees payable

1^st week of semester

Refund of 75% of Tuition Fees paid
Refund of 100% of Examination Fees (if applicable), Sports Fees, Welfare Fees and Miscellaneous Fees paid

To pay 25% of Tuition Fees
Refund of 100% of Examination Fees (if applicable), Sports Fees, Welfare Fees and Miscellaneous Fees paid

No refund of the 25% of Tuition Fees paid
Refund of 100% of Examination Fees (if applicable), Sports Fees, Welfare Fees and Miscellaneous Fees paid

After 1^st week of semester

No refund

To pay 100% of Tuition Fees
No refund of the Supplementary Fees paid

No refund of the 25% of Tuition Fees paid and
To pay 75% of Tuition Fees
No refund of the Supplementary Fees paid

Refund Of Excess Payment

Please pay the fees correctly. Once fees payable is settled, there will be no claim from the Financing Scheme(s) and NO refund of fees already paid.

However, should there be any excess amount, it will be refunded at a later date.

Refunds will be credited to the same Interbank GIRO account for fees deduction.

Academic Year 2017/2018

The following are annual fees for newly enrolled students admitted in Academic Year 2017/2018:

	Subsidised Students
Fees	Singapore Citizens (SC) (S$)	Singapore Permanent Residents (SPR) (S$)	International Students (IS) (With GST, S$)
Subsidised Tuition Fee (TF)	2,700.00	5,400.00	9,600.00
Supplementary Fees & Applicable GST	69.70	99.70	132.90
Fees Payable for the Academic Year	2,769.70	5,499.70	9,732.90

Notes:

The fees stated above are for your reference only.
Tuition Fees for Singaporean Citizens (SC) and Singapore Permanent Residents (SPR) are before GST. The Government continues to absorb the GST chargeable on tuition fees and examination fees payable by SC and SPR students. Tuition Fees for International Students (IS) are inclusive of GST. This will be billed under a cohort based fee structure, which means that it will remain constant for the entire duration of the course.
Fees are billed on a semestral basis. For fee details and actual amount payable, students can view their online e-Bill at NYP Student Portal upon receiving the SMS notification that e-Bill is available.
Subsidised students are those who are eligible and accepting the MOE Tuition Grant. For details on the scheme, please refer to MOE TG website https://tgonline.moe.gov.sg/.

National Servicemen

Tuition fee for Reserved National Servicemen will be based on the year of offer.

MOE Tuition Grant Scheme

The Singapore Government, through the Ministry of Education (MOE) provides Tuition Grant (TG) to assist students in payment of the full course fees.

For Singapore Permanent Residents/International Students who have received MOE TG will be bonded to work in Singapore entities for a minimum of 3 years upon graduation.

Students who are not eligible or did not receive MOE TG will have to pay the full course fees and the GST for their studies in Nanyang Polytechnic.

Fees Payment

Interbank GIRO

Application for any Financing Scheme(s) namely, Mendaki Tertiary Fee Subsidy, CPF Education Scheme and Tuition Fee Loan Scheme cover only Tuition Fees and DOES NOT cover the Supplementary Fees. The Supplementary Fees have to be paid via GIRO.
For PSEA (covers Tuition Fee and Supplementary Fees) applicants, fees will be paid via GIRO if there is insufficient fund in the PSEA.

How to apply for GIRO?

Complete the form. Please note that TRUST accounts are not eligible for GIRO deduction.
Note:
- Amendments, if any, are to be counter-signed by the account holder.
- No correction fluid/tape is allowed.
For bank account operated by signature:
Account holder/Joint Account holder(s) is/are to sign as per the bank’s records.

For bank account operated by thumbprint:
Account holder is to visit the Bank and get the thumbprint verified.
Submit the completed, verified thumbprint or signed form to Nanyang Polytechnic.

Alternatively, for DBS/POSB account holder with internet banking facility, you may apply for GIRO via https://internet-banking.dbs.com.sg/IB/Welcome.

How to check the GIRO application status?

You may check the GIRO application status online via myNYP Portal.

Note: The same Interbank GIRO account will be used for fees deduction and any other disbursements.

When and how the GIRO deduction date and amount will be informed?

The notification will be sent to you at least 10 days before the deduction date.

Other Payment Methods: If your GIRO application is not approved yet:

United Overseas Bank Limited (Internet Banking)
- Applicable for UOB account holder with internet banking facility.
- Login to UOB Internet Banking
- Quote your Admission Number and Bill Number or NRIC Number as payment reference.
eNETS Debit
- Applicable for DBS Bank/POSB, UOB, OCBC, or Citibank account holder with internet banking facility.
- Login via myNYP portal.
AXS Stations/Internet/Mobile App

a) AXS Stations - At AXS Station, select Education ^Note

b) AXS Internet - Login to AXS Internet, select "Pay online now" -> eServices ^Note

c) AXS Mobile App - Download AXS Payment App, select eServices ^Note

Note: For full-time diploma or Poly Foundation Programme students, continue to select : NYP -> Full-Time Diploma/Polytechnic Foundation Programme

4. NETS or CashCard at i@Central.

Note : Cash payment will not be accepted.

Company Sponsored Students

Your sponsoring company is to officially inform NYP’s Admissions Office 14 days before commencement of the semester. The Polytechnic will then bill the sponsor directly.
Please do not apply for any of the Financing Scheme(s) i.e. Mendaki Tertiary Tuition Fee Subsidy, Post Secondary Education Account Scheme, CPF Education Scheme, Tuition Fee Loan Scheme, etc.
You should still apply the MOE Tuition Grant unless your sponsoring company has specifically instructed that it will pay the full course fees. You are to confirm with your sponsoring company before enrolment due date.

Change Of Citizenship Status

Semester fees are due and payable by students at the start of the semester. The fees rates payable are based on the citizenship status prevailing at that point in time, if applicable.

When is the effective date for change of citizenship status?

When did you officially inform NYP?

Is there any revision/adjustment of fees for that semester?

Is there any refund?

Is there any revision/adjustment of fees for subsequent semester?

BEFORE semester starts or WITHIN 2 weeks after semester starts

BEFORE/DURING the semester (Up to the last day of the semester)

YES

Fees will be adjusted in that semester to Singaporean or Singapore Permanent Resident rate accordingly.

YES

If you have paid your fees.

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

AFTER the last day of the semester

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

2 weeks AFTER semester starts

BEFORE/DURING/AFTER

the semester

YES

Fees will be revised in subsequent semester to Singaporean or Singapore Permanent Resident rate accordingly.

Fees Payment By Due Date

Fees Refund Policy

Period of Withdrawal

Students who paid Supplementary Fees and Tuition Fees of the Student Bill

Students who paid Supplementary Fee of the Student Bill and have applied for Mendaki, PSEA and CPF Scheme

Students who paid Supplementary Fee and 25% Tuition Fees of the Student Bill (i.e. have applied for Tuition Fee Loan Scheme)

AMOUNT OF REFUND

FEES PAYABLE

Before commencement of a semester

Full refund of fees paid

No fees payable

1^st week of semester

Refund of 75% of Tuition Fees paid
Refund of 100% of Examination Fees (if applicable), Sports Fees, Welfare Fees and Miscellaneous Fees paid

To pay 25% of Tuition Fees
Refund of 100% of Examination Fees (if applicable), Sports Fees, Welfare Fees and Miscellaneous Fees paid

No refund of the 25% of Tuition Fees paid
Refund of 100% of Examination Fees (if applicable), Sports Fees, Welfare Fees and Miscellaneous Fees paid

After 1^st week of semester

No refund

To pay 100% of Tuition Fees
No refund of the Supplementary Fees paid

No refund of the 25% of Tuition Fees paid and
To pay 75% of Tuition Fees
No refund of the Supplementary Fees paid

Refund Of Excess Payment

Please pay the fees correctly. Once fees payable is settled, there will be no claim from the Financing Scheme(s) and NO refund of fees already paid.

However, should there be any excess amount, it will be refunded at a later date.

Refunds will be credited to the same Interbank GIRO account for fees deduction.

Financial Assistance

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) wh o are Singapore Citizen or a Permanent Resident of Singapore 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 Approved Education 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)
@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?

The repayment of the loan can be made in one lump sum payment or by monthly instalments commencing 6 months after graduation or on graduate securing employment, whichever is earlier. Students who are required to perform National Service are however allowed to commence repayment of the loan 2 months after ORD.

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?

The application form can be downloaded here. Submit completed application forms with supporting documents to i@Central located at Block A Level 1 (facing Auditorium).

Financial Assistance for Notebook Purchases

Bursaries

Overseas Programme Funding

Financing Schemes

Tertiary Tuition Fee Subsidy for Malays

(This scheme is not applicable to Poly Foundation Programme students.)

Information

Tertiary Tuition Fee Subsidy for Malays is administered by Yayasan Mendaki.
Please refer to Yayasan Mendaki website for more details.
Please call Yayasan Mendaki @ 6551 2840 or email for more enquiries.

Eligibility

All full-time subsidised diploma Malay students who are Singaporeans or Singapore Permanent Residents with at least one Singaporean citizen parent.
The race or the first component of the double-barrelled race is Malay.
Monthly household per capita income (PCI) does not exceed $2,000.

Subsidy Value

Per Capita Income (PCI)	Eligible Subsidy
S$ 1,400 and below	100%
S$1,401 to S$1,700	75%
S$1,701 to S$2,000	50%

The scheme does not cover supplementary fees.

How to apply?

Online application via http://tfas.mendaki.org.sg/
Hardcopy application is not allowed.
Successful applicant will be notified directly by Yayasan Mendaki.

Application Period

1st Application Period - 15 Feb to 30 Apr 2019
2nd Application Period - 9 Sep to 31 Oct 2019

For Mendaki, there is only one application deadline for each semester, i.e. 30 April for Semester 1 and 31 October for Semester 2.
If student submits an application in Semester 1 but beyond Semester 1's application deadline, the application is deemed to be meant for Semester 2.

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