Financial Aid for Part-time Undergraduates
There are various types of financial aid available to students who need financial assistance.The Higher Education Bursary (previously known as MOE Bursary) is funded by the Singapore Government and provides financial assistance to needy Singapore Citizens pursuing their first MOE-subsidised undergraduate programmes at Singapore University of Social Sciences (SUSS). Monetary in nature, they are awarded based on financial needs.
The application, notification and disbursement periods are as follows:
| Academic Year | Application Period * | Notification Period | Disbursement Period |
|---|---|---|---|
| July Semester | 1 February to 15 March | End May | End September |
| January Semester | 1 August to 15 September | End November | End February |
Value of Higher Education Bursary
| Bursary Schemes | Tier1 | Tier 2 | Tier 3 |
|---|---|---|---|
| Income# Eligibility Criteria | GHI of $4,400 and below or PCI of $1,100 and below | GHI between $4,401 and $7,500 or PCI between $1,101 and $1,875 | GHI between $7,501 and $10,000 or PCI between $1,876 and $2,500 |
| Bursary Quanta (per semester) | $1275 | $825 | $360 |
#Income = gross (i.e., including employee's CPF contribution) income contributions from self- employment, business or salaried employment (which includes basic salary, allowances, overtime pay, bonus, etc.), as well as other sources of income (e.g., rent).
Terms & Conditions
You are advised to read through the Terms & Conditions for the Higher Education Bursary before applying.
How to Apply
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without the full set of required supporting documents will be deemed as incomplete and will not be processed. For details, please refer to the Supporting Document Checklist.
For new students, you must submit your admission e-application first before submitting your application for the Higher Education Bursary.
Applicants will be notified of the outcome via email. The decision of MOE and SUSS is final and binding, and no appeal will be entertained.
* You should submit your financial aid application within the application periods. However, if you are in need of financial assistance outside the application periods, you may write to the University, quoting reason(s) and providing supporting documents for your application.
Frequently Asked Questions (FAQs)
Application Period
January Semester: 1 August to 15 September
July Semester: 1 February to 15 March
Applicants will be notified of the outcome via email by end November for the January Semester, and by end May for the July Semester. The decision of the Student Awards Committee of SUSS is final and binding, and no reason will be given for the non-selection of unsuccessful candidates. No appeal will be entertained.
Chou Sing Chu Foundation Study Awards
The Chou Sing Chu Foundation is providing study awards valued at S$1,000 each to deserving undergraduates in the Bachelor of Early Childhood and Chinese Language programme.
To be eligible for the study award, students must meet the following requirements:
- Possess good academic standing of at last a CGPA of 3.0
- Preference will be given to students with financial need; monthly household per capita income below $2,500
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without supporting documents will be deemed as incomplete and will not be processed.
Cortina Watch Study Awards in Translation Studies
To encourage working adults and professionals to upgrade their skills and competence in Translation and Interpretation, Cortina Watch Pte Ltd is providing study awards valued at S$1,000 each to deserving undergraduates in the BA Translation and Interpretation programme. Preference will be given to students who do not enjoy MOE subsidies.
Terms & Conditions
You are advised to read through the Terms and Conditions before applying.
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without supporting documents will be deemed as incomplete and will not be processed.
Elizabeth and Anthony Prakasam Trust Study Awards
The Elizabeth and Anthony Prakasam Trust, together with SUSS, is providing study awards valued at S$2,000 each to deserving undergraduates with financial needs.
Students have to attain a minimum CGPA of 2.5. Deserving students that do not meet the CGPA requirements may still be considered
Terms & Conditions
You are advised to read through the Terms and Conditions before applying.
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications 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.
Henry Tay Awards
The Henry Tay Awards are open to deserving Singapore Citizen undergraduates with financial needs from Bachelor of Social Work or BSc Psychology programmes.
To be eligible for the grant, students must meet the following criteria:
- Part-time undergraduate student from Bachelor of Social Work or BSc Psychology programmes;
- With financial needs based on MOE’s prevailing per capita income (PCI) tiering – Tier 1, 2, 3
Each study award will cover the student’s tuition fees for the semester or the tuition fees minus amount offset by other study grants/awards (if applicable).
Shortlisted candidates will be invited to meet with the donor representative(s) in the 3rd or 4th quarter of the year.
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications 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.
Lee Foundation Study Awards
The Lee Foundation is providing study awards valued at $1,000 each to deserving part-time undergraduates with a monthly household Per Capita Income (PCI) of not more than the prevailing Higher Education Bursary Tier 2 income eligibility criteria.
The awards are open to students with good academic records (new students), or have made satisfactory progress towards complete of his/her academic programme (for existing students).
Terms & Conditions
You are advised to read through the Terms and Conditions before applying.
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without supporting documents will be deemed as incomplete and will not be processed. You may view the e-guide before you apply for the study grant.
Octava Foundation Study Awards
The Octava Foundation Limited is providing study awards, valued at S$8,000 each (total amount for 4 academic years) to eligible youths who are pursuing part-time undergraduate programmes at SUSS.
To be eligible for the study award, student must meet the following requirements:
- Hold an ITE qualification
- Current part-time undergraduates who are in their 1st semester of studies, or prospective students who will be enrolling in a part-time undergraduate programme at SUSS
- Preference given to applicants with a per capita income of no more than S$1,000
- Award recipient must commit to complete his/her undergraduate programme within 4 years and maintain a CGPA of at least 2.5
Terms & Conditions
You are advised to read through the Terms and Conditions before applying.
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without supporting documents will be deemed as incomplete and will not be processed.
S R Nathan Study Grant
The S R Nathan Education Upliftment Fund, together with SUSS, is providing study grants valued at S$500 each to eligible new and existing students with an Institute of Technical Education (ITE) qualification and financial needs.
To be eligible for the grant, students must meet the following criteria:
- ITE Graduate and completed full-time education at ITE
- Monthly household per capita income (PCI) must not exceed S$2,500
Terms & Conditions
You are advised to read through the Terms and Conditions before applying.
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without supporting documents will be deemed as incomplete and will not be processed.
SIM People Development Fund (SIMPDF) Study Award
The SIM People Development Fund (SIMPDF) was set up to support Singaporeans in realising their career potential through access to learning pathways and experiences. The Fund provides Study Awards valued at S$7,500 each to students with financial needs. This will be disbursed in 2 semesters ($3750 x 2 semesters).
To be eligible for the study award, students must meet the following criteria:
- Final year undergraduate Singapore Citizens students pursing their first degree
- Monthly household per capita income (PCI) must not exceed S$2,500
Shortlisted students are expected to attend an interview with representatives of SIM People Development Fund (SIMPDF).
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without supporting documents will be deemed as incomplete and will not be processed.
The Singapore University of Social Sciences (SUSS) is committed to providing a quality education for all our students and to ensure that no deserving student is denied admission because of financial difficulty by offering a variety of study grants. The study grants are open to students with good academic records (for new students or have made satisfactory progress towards completion of his/her academic programme (for existing students).
The study grants are not available for students applying to the Law programmes.
SUSS Study Grants
The SUSS Study Grants provide to needy students studying at the University. The study grants only for undergraduate programmes. Monetary in nature, they are on financial needs.
SUSS Alumni Fund
The SUSS Alumni Fund aims to uplift undergraduates by financially supporting them through their education journey with SUSS. The Fund supports the following Study Grants:
CHK Study Grant
Clifton and Mildred Tan Study Grant
Eu Capital Study Grant
Hazizah and Mas'ud Study Grant
HK and AT Cheong Study Grant
Lily Too Ah Wah Study Grant (Open to all, with preference for Malaysian students)
Nam Leong Co (Pte) Ltd Study Grant
Ng Cheng Pheng Study Grant (Open to all, with preference for Malaysian students)
Robbie and Mervlyn Study Grant
SUSS Alumni Lifelong Learner Grant
Established to recognise underprivileged and/or financially disadvantaged students who are pursuing lifelong learning while making a difference in their families, workplace and society. The SUSS Alumni Lifelong Learner Grant will support part-time students with a study grant of S$500 each. Recipients must have a monthly household per capita income (PCI) of less than S$2,500.
SUSS Business and Community Circle Study Grant [New]
The SUSS Business and Community Circle Study Grant is providing study grants to deserving part-time undergraduates with financial needs, who have been awarded the Higher Education Bursary in the same semester.
SUSS Class of 2022 Study Grant Fund
The annual Class Giving campaign is an initiative led by a team of students from the graduating class. It aims to encourage graduands-to-be to create a meaningful legacy, marking their time with SUSS. Through contributions to funds carefully selected by the Class Giving team, the campaign supports fellow students in need of financial support, to tide through these tough times.Chan Lai Yee & Chan Ching Yee Study Grants
The Chan Lai Yee & Chan Ching Yee Endowment Fund, together with SUSS, is providing study grants to deserving undergraduates with financial needs from the Counselling, Early Childhood and Social Work programmes.
Chan Yat Fai Study Grants
Dr Esther Tan is providing study grants to deserving undergraduates with financial needs in the Bachelor of Counselling programme.
Char Yong (Dabu) Association Singapore Study Grants
The Char Yong (Dabu) Association Singapore is providing study grants to deserving Singapore Citizens undergraduates with financial needs.
Choo-Lim Study Grants
The Choo-Lim Foundation is providing study grants to deserving undergraduates with financial needs from the School of Science and Technology.Dhinakaran – SUSS Bursary in Tamil Studies
The Dhinakaran Education Fund together with SUSS, is providing study grants valued at S$1,250 to deserving undergraduates with financial needs from the BA Tamil Language and Literature, and BA Tamil Language with Minor programmes.JCS-Echigo Study Awards [New]
The JCS-Echigo Study Awards, valued at $1000 each, are provided to first year undergraduates with financial needs from the School of Science and Technology, Built Environment cluster (i.e., Building & Project Management, Events Management, Facilities Management and Human Factors in Safety and Workplace Safety and Health).
JCS-Echigo Study Grants
The JCS-Echigo is providing study grants valued at $500 to deserving undergraduates with financial needs from the School of Science and Technology, Built Environment cluster (I.e., Building & Project Management, Events Management, Facilities Management and Human Factors in Safety).
Kewalram Chanrai Group Study Grants
The Kewalram Chanrai Group together with SUSS, is providing study grants to deserving female undergraduates with financial needs from the S R Nathan School of Human Development.
LHC Study Grants [New]
The LHC Study Grants provide support to financially disadvantaged undergraduates pursuing part-time degree programmes at SUSS.
Light of Wisdom Study Grants
Under the Light of Wisdom Fund*, study grants will be provided to deserving undergraduates (Singapore Citizens or Permanent Residents) with financial needs. Recipients must have a monthly household per capita income (PCI) of less than $1,000.
*The aspiration of the Light of Wisdom Fund is for beneficiaries to cultivate Compassion, Loving-Kindness and Wisdom in self and others for the benefit of all Sentient Beings.
Masonic Charitable Fund - Baey Lian Peck Study Grants
The Masonic Charitable Fund and Family of the late Baey Lian Peck is providing study grants to deserving undergraduates with financial needs.
Masonic Charitable Fund - R Rawlings Horsburgh Lodge Study Grants
The Masonic Charitable Fund, Mr Robin Rawlings, and Horsburgh Lodge is providing study grants to deserving undergraduates with financial needs.
Mapletree - SUSS Study Grants
Mapletree Investments Pte Ltd together with SUSS, is providing study grants to deserving undergraduates with financial needs.
Mind the Gap 200 Study Grants [New]
The Mind the Gap 200 Study Grants are established to support financially disadvantaged Singapore Citizens undergraduates.
Mr and Mrs Victor Khoo SH Study Grants [New]
Mr and Mrs Victor Khoo SH is providing study grants to deserving Singapore Citizens undergraduates with financial needs.
Mrs Wong-Mah Jia Lan Bursary
Mrs Wong-Mah Jia Lan is providing study grants to deserving students with financial needs in the part-time undergraduate programmes.
Ms Yuan Yuan Study Grant
Meitoto Pte Ltd. is providing study grants to deserving undergraduates with financial needs.
Ng Liew Peng Study Grants
The Ng Liew Peng Study Grants Fund is providing study grants to deserving undergraduates with financial needs in the Bachelor of Accountancy programme.
Patrick H M Loh Study Grants
Professor Patrick H M Loh is providing study grants to deserving undergraduates with financial needs.
Prof Ng EJ Study Grants
Professor Ng EJ is providing study grants to deserving undergraduates with financial needs in the Bachelor of Accountancy programme.
Sim Foundation Study Grant
The Sim Foundation is providing study grant valued at S$1,000 to deserving undergraduates with financial needs in the Bachelor of Social Work programme with financial needs.
Sim Foundation Chinese Studies Grant
The Sim Foundation is providing study grants valued at S$1,000 each to deserving undergraduates with financial needs from the BA Chinese Language and Literature programme.
Teo Hock Chuan & Tan Suat Hoon Study Grant
The Teo Hock Chuan & Tan Suat Hoon Study Grant Endowed Fund is providing study grants to deserving undergraduate students with financial needs in the Bachelor of Social Work programme. Recipients must possess good academic records and have a per capita income (PCI) of less than $1,000. To qualify, students must have taken an Eldercare elective (i.e. SWK358 Eldercare), and preferably working in an eldercare sector charity organisation.
Tian Li Study Award [NEW]
The Tian Li Study Award is valued at S$1,000 each and provided to deserving Singapore Citizens (first year) undergraduates with financial needs in the following programmes:
•BSc Information and Communications Technology
•BSc Digital Media
•Bachelor of Electronics
•Bachelor of Sports and Physical EducationTower Transit Study Grants
Tower Transit Singapore Pte Ltd is providing study grants to deserving undergraduate students with financial needs. Recipients must possess good academic records and have a per capita income (PCI) of less than $2,500. Special consideration will be given for professionals working in the transport sector (Rail, Bus, Taxi), or children of transport professionals.
Tun Tan Cheng Lock Bursary in Malay Studies
The Tun Tan Cheng Lock Endowment Fund is providing study grants valued at S$1,250 to deserving BA Malay Language and Literature undergraduates with financial needs.
Vincent & Jeanne Chua Study Grants
The Vincent and Jeanne Chua Endowment Fund is providing study grants valued at S$500 each for undergraduates with financial needs.
Yangzheng Foundation Study Grant
The Yangzheng Foundation together with SUSS, is providing study grants to deserving undergraduates with financial needs.
Tenure of Study Grants
Each study grant is given only for the semester in which it is awarded, and used to pay the course fee of that semester. There is no bond attached to the study grant.
Value of Study Grants
Each study grant is worth S$500, unless stated otherwise.
Terms & Conditions
You are advised to read through the Terms and Conditions for the Study Grant before applying.
How to Apply
Study grant application period:
January Semester: 1 August to 15 September
July Semester: 1 February to 15 March
To apply, you need to submit your e-application together with the supporting documents by one of the stipulated closing dates. Applications without supporting documents will be deemed as incomplete and will not be processed. You may view the e-guide before you apply for the study grant.
For new students, you must submit your admission e-application first before submitting your application for study grant.
Candidates will be shortlisted via SUSS Study Grant applications i.e. please select the option for “SUSS Study Grant” when you log in to the online application form. Applicants will be notified of the outcome via email by end November for the January Semester, and by end May for the July Semester. The decision of the Student Awards Committee 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 Tuition Fee Loan (TFL) is a Government education loan to help students in their payment of tuition fees.
Singapore University of Social Sciences (SUSS) has appointed DBS Bank Ltd as the agent to administer the TFL Scheme on behalf of the University.
Students who have applied for TFL through DBS will first receive the status of their loan account from the bank, and subsequently a final email notification from SUSS if their applications are successful and accepted. The TFL application is only completed and confirmed, upon the issuance of this final email notification from SUSS.
Eligibility
The TFL is available to all 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 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 Provident Fund ("CPF") savings for payment of 100% of the 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 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 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 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 fees payable by the student.
Guarantor
You will need a guarantor to apply for . 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 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 , commencing not later than 2 years after graduation.
- 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 on such terms and conditions as stipulated by SUSS
Interest Rate
Interest will commence after the borrower's graduation.
The following interest rates will be applicable to all new Government education loan (i.e. Tuition Fee Loan and Study Loan) agreements signed on and after 1 April 2024.
| Standard interest* | 3-month compounded Singapore Overnight Rate Average (3M SORA) plus 1.5 percentage points or such other rates as may be determined from time to time by the bank |
| Late payment interest for overdue and unpaid loans/loan instalment | 3M SORA plus 4.5 percentage points or such rate as may be determined from time to time by the bank |
* not applicable to interest-free Study Loan
The interest rates will be revised on a half-yearly basis based on the 3M SORA published on the Monetary Authority of Singapore’s (MAS) website on 1 March (for the period 1 April to 30 September) or 1 September (for the period 1 October to 31 March of the following calendar year). You can visit DBS website for the applicable interest rates on every 1 April and 1 October.
How to Apply
TFL Application Period
| Academic Year | Start Date of Application | *Submission Deadline |
|---|---|---|
| Intake 2024 | 1 June | 30 June |
*Note: TFL application submitted after the stipulated deadline above may be rejected.
To Apply;
- Please visit Tuition Fee Loan | DBS Singapore and follow the instructions under the ‘Apply Now’ section to submit your TFL application online via the DBS digibank app. Please submit your application by the stipulated submission deadline above. After submitting, the bank will issue you the loan account number.
- Please be informed that you and your guarantor are required to complete the TFL application via DBS digibank. Otherwise your application will be considered as incomplete.
Important Note:I Digital TFL Application is only applicable to applications with Guarantors who are Singapore Citizens/Permanent Residents and Foreigners who are pass-holders (Residing or working in Singapore). If your Guarantor is neither residing nor working in Singapore please refer to the guide for more information on how to apply for your TFL.
The bank will take approximately 7 working days to process your TFL application and thereafter inform SUSS on the the loan account status of your application.
If your application is successful, SUSS will notify you by email on the balance of the course fee amount payable at your end, after receiving confirmation from the bank. Please note that your TFL application is only confirmed, upon receiving this email from SUSS.
Supporting Documents for TFL Application
- Provisional Offer or Final Offer Letter of Admission (for student)
- SUSS's student card (for student)
- Passport (foreign student and guarantor, where applicable)
Applications submitted without the complete set of supporting documents will be deemed as incomplete and will not be processed.
- DBS Bank
Tel : +65 6333 0033 - Singapore University of Social Sciences
Tel: +65 6248 9777
Frequently Asked Questions (FAQs)
View FAQs on MOE Tuition Fee Loan.
View FAQs on Completing Course and Loan Details at DBS Digibank app.
Infographic on MOE Tuition Fee Loan (TFL)
Infographic on MOE Tuition Fee- Loan
The MOE Study Loan (SL) is a means-tested Government loan 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 . 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.
Study Loan Application Period
| Academic Year | Start Date of Application | Submission Deadline |
|---|---|---|
| Intake 2024 | 1 June | 30 June |
Eligibility
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 Type | Tier 1 Study Loan (Waiver of Interest) | Tier 2 Study Loan (With Interest) | |
|---|---|---|---|
| Nationality | SC & PR | SC & PR | IS |
| Income Criteria | Gross Monthly Household per capita Income* ≤ S$950 | Gross Monthly Household per capita Income* > $950 and ≤ $2,700 | Gross Monthly Household per capita Income* ≤ $1,200 |
| Maximum Quantum of Loan | Maximum of 20% of tuition fees payable by SC plus annual living allowance loan of $3,600 | Maximum of 10% of tuition fees payable by SC plus annual living allowance loan of $3,600 | Maximum of 10% of tuition fees payable by SC plus annual living allowance loan of $3,600 |
* Monthly household per capita income is computed based on 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 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.
- The minimum amount of repayment is S$100 per month and the maximum repayment periods are:
- Study loan (waiver of interest): 5 years from of repayment.
- Study loan (with interest payment): 20 years from of 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 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 the Tier 2 Study Loan scheme, interest will commence after the borrower's graduation.
The following interest rates will be applicable to all new Government education loan (i.e. Tuition Fee Loan and Study Loan) agreements signed on and after 1 April 2024.
| Standard interest* | 3-month compounded Singapore Overnight Rate Average (3M SORA) plus 1.5 percentage points or such other rates as may be determined from time to time by the bank |
| Late payment interest for overdue and unpaid loans/loan instalment | 3M SORA plus 4.5 percentage points or such rate as may be determined from time to time by the bank |
* not applicable to interest-free Study Loan
The interest rates will be revised on a half-yearly basis based on the 3M SORA published on the Monetary Authority of Singapore’s (MAS) website on 1 March (for the period 1 April to 30 September) or 1 September (for the period 1 October to 31 March of the following calendar year). You can visit DBS website for the applicable interest rates on every 1 April and 1 October.
How to Apply (2-Part Process)
(Note: Students must have TFL or a loan with any registered government organization before applying SL)
Part 1 of SL application
- To apply, submit the online SL Application Form and the required supporting documents 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).
Part 2 of SL application
- Upon receiving the email notification from the University, please note that you and your guarantor are required to upload the SL approval letter (issued by the University) and complete the Study Loan form via DBS digibank. Otherwise your application will be considered as incomplete.
In the meantime, you may read through this guide to learn more about what you need to prepare in advance for the submission.
- Upon receiving the confirmation of your Study Loan form submission via DBS digibank, SUSS will notify you via email of the balance of the course fee amount payable on your end, i.e., total course fee payable less your Tuition Fee Loan, Study Loan and any other loan to finance the tuition fees.
- DBS will then update SUSS on your successful Study Loan application and you should receive an annual statement from the bank for your reference.
Applications submitted without the complete set of supporting documents will be deemed as incomplete and will not be processed. Please ensure that you have completed both Part 1 and Part 2 of the application.
- DBS Bank
Tel : +65 6333 0033 - Singapore University of Social Sciences
Tel: +65 6248 9777
Frequently Asked Questions (FAQs)
The SUSS Student Care Fund aims to provide contingency financial grant for students facing sudden or immediate financial hardship, arising from unexpected family and life situations.
Eligibility
- Current SUSS undergraduate and graduate students
- Requires assistance with living expenses due to sudden occurrence of any of the following by the main income contributor and/or co-contributor:
| Situation | Supporting documents |
|---|---|
| Retrenchment / Involuntary no pay leave / Dismissal / Lay off | Company’s letter or email to prove that main contributor and/or co-contributor is/are affected by retrenchment, involuntary no pay leave, dismissal or lay off |
| Demise | Death certificate |
| Debilitating health issues | Medical documents (e.g. official medical bills, appointment letters etc.) |
| Incidents which affect main and/or co-contributor’s ability to provide income and/or sudden increase in essential living expenses | Documents detailing incidents which affect main and/or co-contributor’s ability to provide income and/or sudden increase in essential living expenses |
| Other hardship circumstances to be assessed on a case-by-case basis | Other documents on hardship circumstances as deemed relevant |
Value of the Grant
The value of the grant for each eligible recipient is $1,000 which will be given as outright cash via PayNow (NRIC).
Terms & Conditions
You are advised to read the Terms and Conditions before applying.
How to Apply
Application for SUSS Student Care Fund is open all year round. To apply, please click here to submit your online application with supporting documents. Applications without supporting documents would be considered incomplete and will not be processed.
Applicants will be notified of the outcome via email within 2 weeks of your application.
The University reserves the right to amend the terms and conditions for the grant or to terminate this financial aid at its sole discretion without prior notice.
The SUSS Tech Grant is designed to provide financial assistance to SUSS students for the purchase of technology-related items essential for their academic needs. These items include technological devices, such as laptops, tablets, and any other technology-related devices or software deemed eligible by SUSS.
Note: Software programmes like Microsoft Office, Adobe, SPSS, etc., are not covered under this grant.
Eligibility
- Available to full-time and part-time undergraduate students who are Singapore Citizens (SC) or Permanent Residents (PR).
- A maximum of 20 grants will be awarded per semester.
- Students must meet the income criteria: Monthly Household Per Capita Income (PCI) ≤ S$1,000, based on information submitted during their Higher Education Bursary/ Higher Education Community Bursary applications (reviewed periodically).
Notification for Eligible Students
- Students granted a bursary based on SUSS records will be notified via email of their eligibility to apply for the Tech Grant.
- Students who do not receive an email but meet the criteria may contact Student Life at [email protected] during the application period to apply.
Grant Details
- Reimbursement Amount: Up to S$500
- Each student is eligible to receive the grant only once during their candidature.
Application Periods and Notification Dates
| Academic Semester | Application Period | Notification Period |
|---|---|---|
| January Semester | 1 February to 28 February | End March |
| July Semester | 1 August to 31 August | End September |
Important Notes
- Review the full Terms and Conditions before applying.
- Ensure all required details and supporting documents are included in your application. Late or incomplete applications will not be processed.
The following organisations offer study loans. You may contact them directly to apply:
- Maybank
Tel: 1800 629 2265
Website: www.maybank2u.com.sg - OCBC
Tel: +65 6319 9753
Website: www.ocbc.com.sg - POSB
Tel: +65 6333 0033
Website: www.posb.com.sg
When you charge above S$500 to your OCBC Visa/MasterCard, you can enjoy interest-free instalments of 6 or 12 months. Terms and conditions apply.
The interest-free instalment plan is only available for the over-the-counter payment. It is NOT available for ePayment.
For more information, please call:
OCBC
Tel: 1800 3633 333
Website: www.ocbc.com.sg
In support of Singapore's continued focus in encouraging marriage and parenthood, all part-time adult students will qualify for two free courses when they get married or have children during their programme of study.
Eligibility
- They must be a Singapore Citizen or Singapore Permanent Resident
- They must have registered their marriage on or after the implementation date of the scheme, which is 23 July 2018 and during their programme of study
- Their child/children must be born/adopted on or after the implementation date of the scheme, which is 23 July 2018 and during their programme of study
Both husband and wife are eligible for the scheme individually, if they are both students of SUSS.
Terms & Conditions
You are advised to read the Terms and Conditions before applying for the Marriage and Baby Bonus Scheme.
Frequently Asked Questions (FAQs)
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.
PSEA Balance
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 contact MOE at www.moe.gov.sg/contact.
How to Apply?
MOE has introduced online application for use of PSEA Ad Hoc Withdrawal.
For student using his/her own PSEA account OR using his/her siblings’ PSEA account, click here to submit Ad Hoc Withdrawal Form via FormSG using SingPass.
(Student below 21 years old at the point of submission, a parent/legal guardian is required to submit the online application on your behalf.)
Guide to applying PSEA Ad Hoc Withdrawal Online Application can be found here.
Application deadlines:
| New Student | Current Student |
|---|---|
| January Semester: 15 November to 31 December | January Semester: please refer to student portal notice |
| July Semester: 1 June to 7 July | July Semester: please refer to student portal notice |
The Yellow Ribbon Fund STAR (Skills Training Assistance to Restart) Bursary is targeted at low-income ex-offenders who are keen to pursue a tertiary education. It provides financial support by funding its beneficiaries' tuition fees. Since 2010, the Bursary has allowed its beneficiaries to build viable futures for themselves and their families through skills upgrading, which enhances employability and encourages self-sufficiency.
Click here for more information.