For Singaporean undergraduates at the National University of Singapore (NUS) whose household income per capita does not exceed $1,000, they won’t have to fret over tuition fees anymore.
That’s right.
As part of the university’s efforts to expand its financial support scheme for students who come from less well-off backgrounds, these students’ tuition fees will be fully covered by NUS and government bursaries starting from the new school year, which starts in August.
With more than $15 million a year being spent on this scheme, it is expected to benefit about 3,300 students.
As of now, roughly 55% of NUS undergraduate students, or approximately 16,000 students, receive financial aid in one way or another.
Assistance Provided to Students
Students will receive an additional $2,300 to $7,000 per year in financial aid, depending on their household incomes.
The amount stated does not include existing financial aid, which students will still continue to receive.
Both new and existing full-time undergraduates who meet the criteria are eligible to apply for the scheme.
In addition to that, students whose monthly household income per capita does not exceed $690 will receive other forms of financial support as well, whether it’s in the form of $4,000 worth of bursaries annually to cover their living expenses or $10,000 over four years from the new Opportunity Enhancement Grant.
The new Opportunity Enhancement Grant is aimed at students who are interested in staying on campus, as well as participating in overseas exposure programmes.
NUS’ Statement
NUS released an announcement today (8 February) to reveal this new scheme.
“We are committed to providing a transformative educational experience for every NUS student, regardless of their financial background,” NUS president Tan Eng Chye remarked.
He also agreed that no student should have to pass up on opportunities due to financial constraints and that the new scheme will also allow these students to gain more exposure and be more well-rounded individuals.
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To ensure sustainable funding in the future, NUS is currently working on establishing an endowment that includes various donors and philantropic organisations.
Suhaimi Zainul-Abidin, a representative from Quantedge Foundation, one of the donors, expressed his support towards the scheme.
“This is a major step forward in our continuing push for all deserving Singaporeans to have access to a truly need-blind university education across all autonomous universities in Singapore,” he concluded.
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