Financial Aid

There are various types of financial aid available for you to apply for if you require financial assistance.

New applicants should only submit financial aid scheme applications after you have been accepted for admission.

The Central Provident Fund (CPF) Education Scheme (CES) is available to eligible full-time Singapore University of Social Sciences (SUSS) students who are paying subsidised tuition fees. CES cannot be used to pay miscellaneous fees.

As stipulated by the CPF Board, you can use your own, your spouse's or your parents' CPF savings to pay for your tuition fees. The use of a sibling's CPF savings is only considered on a case-by-case basis.

Repayment

Repayment will start one year after graduation or on leaving the programme, whichever is earlier. The student has to repay the full amount of CPF savings withdrawn and the interest from the time the savings are withdrawn in cash. The interest, which is based on the prevailing CPF interest rate, will be credited into the CPF account of the member whose savings had been used. The repayment can be made in one lump sum or by monthly instalments over a maximum period of 12 years. For outstanding amounts of up to S$10,000, the minimum repayment per month is S$100.

Guarantor

With effect from 1 April 2005, CPF Board has waived the need for students to furnish a guarantor for applications to use CPF savings for education.

How to apply?

To apply, please submit the application online. You will need your Singpass to login. Please click here for more details and application. We only accept online submission.

Academic YearApplication Period
Intake 2018 - 2019
1 June 2018 to 15 July 2018

The Mendaki Tertiary Tuition Fee Subsidy scheme is an education subsidy for Malay students to cover their tuition fees at tertiary institutions.

With effect from 1 January 2011, students with Malay as their first component race of a double-barrelled race (i.e. Malay-Indian or Malay-Chinese) are also eligible for the scheme.

Eligibility

SUSS full-time undergraduate Malay students who are Singapore Citizens (SC) studying in the MOE-subsidised degree programmes at SUSS and their Monthly Household Per Capita Income (PCI) does not exceed S$2,000 are eligible to apply.

Income CriteriaGross Monthly Household Per Capita Income below S$1,400Gross Monthly Household Per Capita Income ≥S$1,401 and ≤S$1,700Gross Monthly Household Per Capita Income ≥S$1,701 and ≤S$2,000
Quantum100% of subsidised tuition fee75% of subsidised tuition fee50% of subsidised tuition fee

 

How to apply?

Click here to submit online.

Academic YearApplication PeriodNotification Date
Intake 2019 - 2020
1 June 2019 to 31 July 2019You will be informed by Yayasan Mendaki directly

 

For more information please visit http://www.mendaki.org.sg

The Tuition Fee Loan (TFL) is a Government education loan to help students who require assistance to pay their tuition fees.

Singapore University of Social Sciences (SUSS) has appointed DBS Bank Ltd as the agent to administer the TFL Scheme.

 

Eligibility

The TFL is available to all subsidised SUSS full-time undergraduate students who are Singapore Citizens (SC) or Singapore Permanent Residents (PR) studying in the MOE-subsidised degree programmes at SUSS.

From AY2018, the TFL is extended to subsidised full-time International Students studying in the MOE-subsidised degree programmes at SUSS.

The following categories of students are not eligible for TFL:

  • Students receiving Government/Statutory Board/SUSS scholarships which cover 100% tuition fees
  • Students using Central Provident Fund ("CPF") savings for payment of 100% of the subsidised tuition fees
  • Students receiving full tuition fee subsidy from Mendaki
  • Students who are taking non-undergraduate programmes
  • Students who are not receiving MOE tuition grant for their undergraduate programmes

 

Loan Quantum

The TFL covers up to 90% of the subsidised tuition fee payable by SC. It does not cover any other miscellaneous fees. You may choose any of these loan quanta: 30%/50%/80%/90% of the total subsidised tuition fees payable by SC.

SUSS has the discretion on the quantum of the loan to be granted based on its assessment of the student's needs for financial assistance.

Students who have obtained other loans (e.g., CPF Education Scheme) that cover less than 90% of the subsidised fees payable by SC are eligible to take up the TFL to cover the remaining fees payable, as long as the total TFL amount awarded does not exceed 90% of the subsidised fee payable by SC. The total loan amounts (from both the TFL and other loans) should not exceed 100% of subsidised fees payable by the student.

 

Guarantor

You will need a guarantor to apply for TFL. The criteria for the guarantor for the TFL are as follow:

  • One guarantor above 21 years but not exceeding 60 years
  • No income qualification will be stipulated
  • SC guarantor will be accepted for a SC applicant
  • SC or PR guarantor can be accepted for a PR applicant
  • SC, PR or foreigner can be accepted for foreign applicants

 

Repayment

The repayment terms are as follows:

  • Repayment of the loan can be made in one lump sum or by equal monthly instalments, commencing not later than 2 years after graduation or upon graduates securing employment, whichever is earlier
  • The minimum amount of repayment is S$100 per month and the maximum repayment period is 20 years
  • In the event that the borrower leaves the University without completing the degree programme, the loan outstanding will immediately become due and payable. The borrower may, however, repay the outstanding sum by monthly instalments on such terms and conditions as stipulated by SUSS

 

Interest Rate

Interest on TFL will start accruing on the first (1st) day of the third (3rd) month following the borrower's graduation/withdrawal. For graduates/withdrawals with remaining National Service obligations, the same interest commencement date will apply.

The interest on TFL is computed based on the average prime rates of the three local banks, namely DBS, OCBC and UOB, prevailing on the first day of each quarter or such other rates as may be determined from time to time by the bank. Late payment charges will be levied at the rate of 1% per month on instalment in arrears.

 

How to Apply

  • Download the TFL Application Form and blank Letter of Offer.
  • Bring the completed TFL application form, blank Letter of Offer and required supporting documents to any DBS branch by the application deadline. Both you and your guarantor must be present together at the bank for the TFL application.
  • If you eligible to apply, you will be given a completed copy of the Letter of Offer and the terms and conditions governing the TFL on the same day when you are at the bank.
  • The bank will take approximately 14 working days to process your TFL application and thereafter inform SUSS on the status of your application.
  • If your application is successful, SUSS will notify you by email on the balance of the course fee amount payable after receiving the confirmation from the bank.

 

Supporting Documents for TFL Application

  • Completed copy of Tuition Fee Loan Application Form
  • Copy of blank Letter of Offer
  • NRIC/Passport (student and guarantor)
  • Provisional Offer or Final Offer Letter of Admission (for new student) or SUSS's student card (for existing student)

Applications submitted without the complete set of supporting documents will be deemed as incomplete and will not be processed.

 

TFL Application Period

Academic YearStart Date of ApplicationSubmission Deadline
Intake 2019 - 2020
1 June15 July

 

Enquiries

  • DBS Bank
    Tel : +65 6333 0033
  • Singapore University of Social Sciences
    Tel: +65 6248 0188

 

Frequently Asked Questions (FAQs)

View FAQs on MOE Tuition Fee Loan.

The MOE Study Loan (SL) is a means-tested Government loan scheme, and complements the Tuition Fee Loan (TFL). The SL provides loans to cover up to the remaining 10% of tuition fees not covered by the TFL. It does not cover any other miscellaneous fees.

Singapore University of Social Sciences (SUSS) has appointed DBS Bank Ltd as the agent to administer the SL Scheme.

 

Eligibility

Subsidised Singapore Citizen (SC) and Singapore Permanent Resident (PR) students and International Students (IS) studying full-time in the MOE-subsidised undergraduate degree programmes in SUSS are eligible to apply for the SL.

Full-time undergraduates who are awarded fee subsidy or loan by an organisation registered with a government agency or have applied for the government TFL in full or a mixture of both, provided the total subsidy or loan is not below 80% or 90% (refer to table below) of subsidised fees payable by SC shall be considered for the SL. The maximum limit of SL is 10%/20% of the subsidised fees payable by SC plus S$3,600 per annum for living allowance. The total loan amounts for fees (from TFL, SL and other loans) should not exceed 100% of subsidised fees payable by the student.

Full-time undergraduates who have obtained loans amounting to 100% of tuition fees payable from either the CPF Education Scheme or a combination of the TFL and the CPF Education Scheme can borrow up to the maximum living allowance loan quantum only.

Those who are awarded Mendaki fee subsidy or loan can borrow up to the maximum living allowance loan quantum only.

SUSS has the discretion on the quantum of the loan to be granted based on its assessment of the student's needs for financial assistance.

 

Loan Criteria and Quantum

The SL will be awarded on a means-tested (i.e., needs analysis) basis. The loan quantum is based on the student's Gross Monthly Household Per Capita Income (PCI):

Loan TypeTier 1 Study Loan (Waiver of Interest)Tier 2 Study Loan (With Interest)
NationalitySC & PRSC & PRIS
Income CriteriaGross Monthly Household per capita Income* ≤ S$950Gross Monthly Household per capita Income* > $950 and ≤ $2,700Gross Monthly Household per capita Income* ≤ $1,200
Maximum Quantum of LoanMaximum of 20% of subsidised tuition fees payable by SC plus annual living allowance loan of $3,600Maximum of 10% of subsidised tuition fees payable by SC plus annual living allowance loan of $3,600Maximum of 10% of subsidised tuition fees payable by SC plus annual living allowance loan of $3,600  

* Monthly household per capita income is computed based on total gross income of immediate and non-immediate family members over the total number of immediate and non-immediate family members.

 

Guarantor

You will need a guarantor to apply for SL. The criteria for the guarantor for the SL are as follow:

  • One guarantor above 21 years but not exceeding 60 years
  • No income qualification will be stipulated
  • SC guarantor will be accepted for a SC applicant
  • SC or PR guarantor can be accepted for a PR applicant
  • SC, PR or foreigner can be accepted for foreign applicants

 

Repayment

The repayment terms are as follows:

  • Repayment of the loan commences not later than 6 months after graduation or upon graduates securing employment, whichever is earlier.
  • The minimum amount of repayment is S$100 per month and the maximum repayment periods are:
    • Study loan (waiver of interest): 5 years from commencement of first repayment. 
    • Study loan (with interest payment): 20 years from commencement of first repayment.
  • In the event that the borrower leaves the University without completing the programme, the loan outstanding will immediately become due and payable. The borrower may, however, repay the outstanding sum by monthly instalments on such terms and conditions as stipulated by SUSS.

 

Interest Rate

For students under Tier 1 Study Loan scheme, interest is waived during the repayment period of 5 years. Interest will start accruing if repayment is made beyond the 5-year period.

For students under Tier 2 Study Loan scheme, interest will start accruing on the first (1st) day of the third (3rd) month following the borrower's graduation. 

The interest on SL is accrued on a monthly basis and is computed based on the average prime rates of the three local banks, namely DBS, OCBC and UOB, prevailing on the first day of each quarter or such other rates as may be determined from time to time by the bank.

 

How to Apply

  • To apply, please do it online before the stipulated deadline.
  • If your application is successful, you will be notified by SUSS within 7 working days of your TFL approval from DBS bank via email (note: only successful applicants will be notified).
  • Upon receiving the email notification from SUSS, both you and your guarantor are required to sign the Study Loan Agreement at SUSS in person before the date indicated in the email notification.
  • Upon signing the Study Loan Agreement, SUSS will notify you via email of the balance of the course fee amount payable by you, i.e., total course fee payable less your Tuition Fee Loan, Study Loan and any other loan taken to finance the subsidised tuition fees.
  • SUSS will then update DBS on your successful Study Loan application and you should receive an annual statement from the bank for your reference.


Study Loan Application Period

Academic YearStart Date of ApplicationSubmission Deadline
Intake 2019 - 2020
1 June15 July

 

Enquiries

  • DBS Bank
    Tel : +65 6333 0033
  • Singapore University of Social Sciences
    Tel: +65 6248 0188

 

Frequently Asked Questions (FAQs)

View FAQs on MOE Study Loan.

The MOE Bursary is funded by the Singapore Government and provides financial assistance to subsidised Singapore Citizens pursuing their first MOE-subsidised full-time undergraduate programmes at SUSS. This Bursary is awarded based on financial needs. 

 

Value of MOE Bursary

The Bursary is tenable on a yearly basis. Students receiving the Bursary must not concurrently hold other bursaries or scholarships1.

Tier 1Tier 2
Income CriteriaPCI2 from $1,001 to $1,725 OR
GHI3 from $4,001 to $6,900
PCI2 from $1,726 to $2,250 OR
GHI3 from $6,901 to $9,000
QuantumS$2,700 per awardS$1,350 per award

1Students who are awarded the Tertiary Tuition Fee Subsidy for Malays by Yayasan Mendaki or scholarships/bursaries/study awards, which is meant to cover the tuition fees only, can concurrently hold the MOE Bursary. Students who are holding awards or bursaries that are meant for specific programmes on top of the tuition fees and living expenses, such as bursaries meant for participation in overseas exchange programmes, can also concurrently hold the MOE Bursary. However, students must not concurrently hold the CDC/CCC Bursary and the MOE Bursary.

2PCI refers to gross monthly household Per Capita Income (PCI) and is computed based GHI divided by the number of immediate and non-immediate family members living in the same household.

3GHI refers to gross monthly household income of immediate and non-immediate family members, where: 
For Unmarried Students:

  • Immediate family members include parents who may or may not be living together with the student.
  • Non-immediate family members include grandparents, siblings, spouses of siblings, siblings of parents, and any other relatives living together with the student.

For Married Students:

  • Immediate family members include spouse and all children who may or may not be living together with the student.
  • Non-immediate family members include parents, grandparents, siblings, spouses of siblings, siblings of parents, and any other relatives living together with the student.

 

Terms & Conditions

You are advised to read through the Terms & Conditions for the MOE Bursary before applying.

 

How to Apply

To apply, you need to submit your e-application by one of the stipulated closing dates. The application periods, notification and disbursement dates are as follows:

Academic YearApplication PeriodNotification DateDisbursement Date
AY 20191 June to 15 JulyEnd AugustEnd September – October

 

For new students, you must be accepted for admission first before submitting your application for the MOE Bursary.

Only successful candidates shall be notified via email. The decision of MOE and SUSS is final and binding, and no appeal will be entertained.

 

Frequently Asked Questions (FAQs)

View FAQs on MOE Bursary.

The Community Development Council/Citizens' Consultative Committee (CDC/CCC) Bursary provides financial assistance to subsidised Singapore Citizens in their first MOE-subsidised full-time undergraduate programmes at SUSS. This Bursary is awarded based on financial needs.

 

Value of CDC/CCC Bursary

The CDC/CCC Bursary is tenable on a yearly basis. Students receiving this Bursary must not concurrently hold other bursaries or scholarships1.

Tier 1Tier 2
Income CriteriaPCI2 ≤ $690 OR
GHI3 ≤ $2,750
PCI2 from $691 to $1,000 OR
GHI3 from $2,751 to $4,000
QuantumS$4,000 per awardS$3,750 per award


1
Students who are awarded the Tertiary Tuition Fee Subsidy for Malays by Yayasan Mendaki or scholarships/bursaries/study awards, which is meant to cover the tuition fees only, can concurrently hold the MOE Bursary. Students who are holding awards or bursaries that are meant for specific programmes on top of the tuition fees and living expenses, such as bursaries meant for participation in overseas exchange programmes, can also concurrently hold the MOE Bursary. However, students must not concurrently hold the CDC/CCC Bursary and the MOE Bursary.


2PCI refers to gross monthly household Per Capita Income (PCI) and is computed based GHI divided by the number of immediate and non-immediate family members living in the same household.

3GHI refers to gross monthly household income of immediate and non-immediate family members, where: 
For Unmarried Students:

  • Immediate family members include parents who may or may not be living together with the student.
  • Non-immediate family members include grandparents, siblings, spouses of siblings, siblings of parents, and any other relatives living together with the student.

For Married Students:

  • Immediate family members include spouse and all children who may or may not be living together with the student.
  • Non-immediate family members include parents, grandparents, siblings, spouses of siblings, siblings of parents, and any other relatives living together with the student.

 

Terms & Conditions

You are advised to read through the Terms & Conditions for the CDC/CCC Bursary before applying.

 

How to Apply

To apply, you need to submit your e-application by one of the stipulated closing dates. The application periods, notification and disbursement dates are as follows:

Academic YearApplication PeriodNotification DateDisbursement Date
AY 20191 June to 15 JulyEnd AugustRespective Community Clubs will inform recipients on the disbursement period

 

For new students, you must be accepted for admission first before submitting your application for the CDC/CCC Bursary.

Only successful candidates shall be notified via email. The decision of MOE and SUSS is final and binding, and no appeals will be entertained.

 

Frequently Asked Questions (FAQs)

View FAQs on CDC/CCC Bursary.

Lim Pu Leh Study Awards

The Lim Pu Leh Endowment Fund, together with SUSS, is sponsoring 3 Study Awards for the academic year 2019/2020 to deserving full-time undergraduates with financial needs.

Each Study Award is valued at $3,000, and application is open to all full-time students, although preference will be given to Malaysian students (who may or may not hold Singapore Permanent Resident status).

How to Apply

To apply, you need to submit your e-application via the Student Portal together with the supporting documents by the stipulated closing date. Applications received without supporting documents will be deemed as incomplete and will not be processed. New applicants should only apply after you have been accepted for admission to SUSS.

The application period, notification and disbursement dates are as follows:

Application PeriodNotification DateDisbursement Date
1 June to 15 JulyEnd AugustEnd September


Only successful candidates shall be notified via MyMail.

The decision of SUSS is final and binding, and no reasons will be given for the non-selection of unsuccessful candidates. No appeals will be entertained.



Octava Study Awards

The Octava Foundation Fund, together with SUSS, is providing 2 study awards to eligible new students with financial needs from the full-time Bachelor of Social Work programme.

To be eligible for the award, students must meet the following criteria:

  • New students who are in their first semester of studies and
  • Monthly household per capita income (PCI) must not exceed S$1,000

The successful recipients will be awarded the amount of $3,000 in each academic year throughout the 4 years of their studies with SUSS.


How to Apply

To apply, you need to submit your e-application via the Student Portal together with the supporting documents by the stipulated closing date. Applications received without supporting documents will be deemed as incomplete and will not be processed. Shortlisted applicants will be required to attend an interview in mid-August.

The application period, notification and disbursement dates are as follows:

Application PeriodNotification DateDisbursement Date
1 June to 15 JulyEnd AugustEnd September

Only successful candidates shall be notified via MyMail. The decision of SUSS is final and binding, and no reason will be given for the non-selection of unsuccessful candidates. No appeal will be entertained.



Singapore Leong Khay Huay Kuan Bursary (for Singapore Citizens only)

To provide assistance to financially disadvantaged students, the Singapore Leong Khay Huay Kuan is giving out 6 Bursary awards valued at S$3,000 each to SUSS full-time undergraduates.

4 awards shall be given to students from the Chinese Hokkien dialect group, and the remaining 2 awards shall be given to students in any race.

To be eligible for the Bursary award, students must meet the following criteria:

  • Singapore Citizen
  • Monthly household per capita income (PCI) must not exceed S$1,000
  • Not receiving any other bursaries, study awards, and/or scholarships

Terms & Conditions

You are advised to read through the Terms and Conditions before applying.


How to Apply

To apply, you need to submit your e-application together with the supporting documents by the stipulated closing date. Applications received without supporting documents will be deemed as incomplete and will not be processed. The application periods, notification and disbursement dates are as follows:

Application PeriodNotification DateDisbursement Date
1 June to 15 JulyEnd AugustEnd September

Only successful candidates shall be notified via MyMail. The decision of SUSS is final and binding, and no reason will be given for the non-selection of unsuccessful candidates. No appeal will be entertained.

The Post Secondary Education Account (PSEA) scheme helps parents save for their children's post-secondary education by maintaining a Post-Secondary Education Account (PSEA) for each eligible child. This is part of the Government's efforts to encourage every Singaporean to complete his post-secondary education. It also underscores the Government's commitment to support families in investing in the future education of their children, and to prepare them for the economy of the future. PSEA is not a bank account. It is administered by the Ministry of Education and is open automatically for all eligible Singaporeans. Students may apply to use their own or their siblings' PSEA to pay fees to be incurred at Singapore University of Social Sciences, among other approved institutions.

Edusave Account balances of students, if any, will be transferred to their PSEA. You can visit the MOE PSEA Scheme website to find out more details on the PSEA Scheme. To find out your PSEA balance, you can call the PSEA/Edusave enquiry line at +65 6260 0777 or email: Y29udGFjdEBtb2UuZWR1LnNn.

 

How to Apply?

For ongoing withdrawal of PSEA fund to pay for tuition fees and miscellaneous fee, please submit a Standing Order (SO) Form. A SO is a one-time application for automatic withdrawal of PSEA fund until either the fund is used up or when the SO is terminated (SO Termination Form) or replaced (submission of new SO). Please submit the SO Form to Office of Admissions by the stipulated deadline.

Academic YearApplication Period (*for new students)
Intake 2019 - 2020
1 June to 15 July

[ Download Standing Order (SO) Form ]

For termination of SO, please submit your SO Termination Form to MOE at the following address:

Ministry of Education
Finance & Development Division
Level 8, 1 Buona Vista Drive
Singapore 138675
(Attn: PSEA Action Officer)

For one-time withdrawal of PSEA fund to pay tuition fee and/or miscellaneous fee or enrichment programmes that are approved and endorsed by the University, please submit an Ad-Hoc Withdrawal Form. You will need to submit a new form if you wish to pay the fees in the subsequent semesters. 

Academic YearApplication Period (*for new students)
Intake 2019 - 2020
Semester 1
1 June to 15 July

[ Download Ad-Hoc Withdrawal Form ]

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Financial Aid

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