Last Updated: 02 Sep 2024
Institute of Technical Education (ITE) Progression Award (IPA)
The IPA is given to young Singaporean ITE graduates pursuing a diploma. Learn more about it.
Overview
The ITE Progression Award (IPA) supports ITE graduates to upskill to a diploma earlier in their careers, to secure more progression prospects in their chosen professions.The IPA helps with the financial costs of obtaining a diploma and boosts ITE graduates’ savings for longer-term goals, such as home ownership or retirement.
Who is eligible?
The IPA will benefit all Singaporean ITE graduates aged 30 and below who pursue a diploma qualification issued by an MOE-funded institution from 2024.The age of the ITE graduate will be calculated by year of birth. For example, graduates born between 1 January 1994 to 31 December 1994 will be considered 30 years old in 2024.
All qualifying Singaporeans will only be eligible for the IPA once.
Award amount and disbursement
The IPA will automatically be credited into graduates’ Post-Secondary Education Account (PSEA) or CPF Ordinary Account (CPF-OA) upon meeting the respective milestones of diploma enrolment or diploma completion (Figure A).
One-time arrangements
The IPA will also be awarded to the following groups:- All Singaporean ITE graduates already enrolled in a diploma issued by an MOE-funded institution as of 1 Mar 2024, regardless of their age, will receive a $10,000 top-up to their CPF-OA account upon completion of the diploma.
- Singaporean ITE graduates aged 31 in 2024 (born between 1 January 1993 and 31 December 1993) who enrol in a diploma issued by an MOE-funded institution in 2024, will be awarded the IPA.
