Financing Schemes
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The Tertiary Tuition Fee Subsidy (TTFS) Scheme is administered by Yayasan Mendaki. It is an education subsidy for Malay students which covers their Tuition Fees.
- Please refer to Yayasan Mendaki website for more details.
- Please email to ttfs@mendaki.org.sg for more enquiries.
Application period
- Semester 1 - 15 February to 30 April
- Semester 2 - 15 September to 31 October
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.
Who can apply?
To apply, you must meet the following requirements:
- You are a full-time subsidised diploma Malay students who are Singaporeans or Singapore Permanent Residents with at least one Singaporean citizen parent.
- Your race or the first component of the double-barrelled race is Malay.
- Your 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 do I apply?
Apply online
- Applicants can submit their applications online via Online application
Application outcome
- Successful applicant will be notified directly by Yayasan Mendaki.
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Application period
- Semester 1 - by 30 April
- Semester 2 - by 31 October
For PSEA, 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.
Who can apply?
- For Singaporeans only, who have balances in their PSEA. To check balances in the PSEA, call MOE PSEA Hotline at 6260-0777.
- For JPAE (ITE) applicants: If you have earlier establised a standing order (SO) for use of Post Secondary Education Account (PSEA) under ITE, your SO instructions also apply for all future course fees withdrawals in NYP until the SO is terminated or replaced.
Subsidy value
- Up to 100% of Tuition Fees and Supplementary Fees, subject to available balance in PSEA.
How do I apply?
Apply online using own PSEA
- If you are 21 years old and above, login via PSEA Online application System using own Singpass Account.
- If you are below 21 years old, please request your parent/legal guardian to login via PSEA Online application System with his/her Singpass Account to submit the PSEA Standing Order application on your behalf. A legal guardian is required to upload the relevant legal document (e.g. Court document) to validate that he/she is your legal guardian.
- Find more information on online application.
Apply online using siblings’ PSEA
- Parent's authorisation if sibling is below 21 years old; or
- Sibling's authorisation if sibling's age is 21 years old or above.
- Login via MOE PSEA Standing Order Application (Sibling).
For students with outstanding fees and have missed the application deadline for the semester
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This is a loan scheme administered by CPF Board. For more information, please refer to CPF Website > Search > CPF Education Loan Scheme.
Application period
- Semester 1 - by 30 April
- Semester 2 - by 31 October
CPF Board does not accept late application beyond the application due date for each semester. If student submits an application in Semester 1 but beyond Semester 1's application due date, the application is deemed to be meant for Semester 2.
Who can apply?
- For all full-time subsidised diploma students who are Singaporeans or Singapore Permanent Residents.
Loan details
- Loan amount
- Up to 100 % of Tuition Fee, subject to the available balance in their CPF savings under the education scheme. The scheme does not cover supplementary fees.
- Interest payable
- Prevailing CPF Interest rate. Interest will be charged from the time the savings are withdrawn.
- Repayment period and amount
- Maximum of 12 years, minimum of $100 per month.
- Commencement of loan repayment
- 1 year after graduation or 1 year from the date of leaving the course, whichever is earlier.
How do I apply?
Singapore Citizens and Singapore Permanent Residents
- Make an Online application:
- Use your SingPass to log in at CPF Website
- Select Tools and services -> Forms and e-applications -> Other Schemes -> CPF Education Loan -> Apply online.
- All parties to the application, i.e. student and CPF member must have a SingPass, 2-Step Verification (2FA) and email account before application can be made online.
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To ensure that no students is denied access to Polytechnic education because of financial difficulties, MOE, through Nanyang Polytechnic has made available the Tuition Fee Loan. DBS Bank is the agent bank appointed to administer the Scheme.
Who can apply?
- For all full-time subsidised diploma students.
Loan details
- Loan amount
- Up to a maximum amount of 75% of Tuition Fees. The scheme does not cover supplementary fees.
- Interest Rate
- MOE TFL is interest-free during the course of study.
- The Interest Rate will be set by DBS Bank on 1 April and 1 October each year, based on the sum of
- (i) the 3-month compounded Singapore Overnight Rate Average as published by the Monetary Authority of Singapore (“SORA”) on 1 March and 1 September of that year; and
- (ii) an additional 1.5 percentage points; or
- (iii) such other rate(s) as may be determined from time to time by the DBS Bank.
- Repayment period and amount
- Maximum of 10 years, minimum of $100 per month.
- Commencement of loan repayment
- 1 year after graduation or 1 year from the date of leaving the course, whichever is earlier.
- Criteria for guarantor
- From 21 years old to 60 years old;
- Singapore Citizen - for Singapore Citizen applicant;
- Singapore Citizen / Singapore Permanent Resident - for Singapore Permanent Resident applicant;
- Singapore Citizen / Singapore Permanent Resident - for foreigner applicant; and
- Not an undischarged bankrupt.
How do I apply?
Apply online
- Find out what you need to prepare in advance to be able to submit your Tuition Fee Loan Application online.
- Make an online application to DBS' Tuition Fee Loan. Follow the instructions on the ‘Apply Now’ section.
- Hardcopy application forms will no longer be accepted at any DBS Branches.
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Tuition Grant
- For Singapore Citizens – Declaration for Tuition Grant Eligibility Form (SCs) (0.9MB).
- For Singapore Permanent Residents - Tuition Grant Option Form (SPRs) (0.9MB).
- For International Students – Tuition Grant Option Form (ISs) (0.3MB).
For Newly Enrolled Students admitted in Academic Year 2024/2025- Complete this gov.sg form before the enrolment deadline.
Interbank Giro
- Complete the Giro form. Submit the signed hardcopy form to Nanyang Polytechnic.