Study Loan

Diploma students

Who is eligible

Singapore Citizens (SC) or Singapore Permanent Residents (PR) taking full-time MOE-subsidised diploma courses at:

• Polytechnics.
• LASALLE College of the Arts (LASALLE).
• Nanyang Academy of Fine Arts (NAFA).

Diploma students must:

• Have taken up maximum loan under the Tuition Fee Loan scheme, or other loans and fee subsidies that cover up to 75% of subsidised tuition fees payable.
• Have a gross monthly household per capita income (PCI) of $2,700 or less.

How it works

The Study Loan covers up to 25% of subsidised tuition fees payable and a living allowance loan of $2,000 per year for polytechnic, LASALLE, and NAFA diploma students.

It is tenable for the entire course duration.

Students who have taken up loans and subsidies that cover 100% of tuition fees are eligible to take up only the living allowance portion under the Study Loan.

Terms of award and criteria

The Study Loan will be awarded on a means-tested basis with the following criteria: 

• For SC and PR students with gross monthly household PCI of $950 or less, the loan is interest-free.
• For SC and PR students with gross monthly household PCI between $951 and $2,700, the loan is interest-free during the course of study, with interest starting only upon a student’s graduation or leaving the institution.

Maximum loan repayment period

• Interest-free loans: 2 years
• Interest-bearing loans: 5 years

Undergraduates

Who is eligible

• Singapore Citizens (SC), Singapore Permanent Residents (PR) or international students taking full-time MOE-subsidised undergraduate courses in autonomous universities.
• SC taking part-time MOE-subsidised undergraduate courses in autonomous universities. 
• SC and PR taking full-time MOE-subsidised undergraduate courses in LASALLE College of the Arts (LASALLE) or Nanyang Academy of Fine Arts (NAFA).

Undergraduate students must:

• Have taken up maximum loan under the Tuition Fee Loan scheme, or other loans and fee subsidies that cover up to 90% of subsidised SC tuition fees payable.
• Have a gross monthly household per capita income (PCI) of $2,700 or less for SC and PR, or $1,200 or less for international students. 

How it works

The Study Loan covers up to 10% of the subsidised Singapore Citizen tuition fees payable and a living allowance loan of $3,600 per year for autonomous university, LASALLE, and NAFA undergraduate degree students.

It is tenable for the entire course duration.

Students who have taken up loans and subsidies that cover 100% of tuition fees are eligible to take up only the living allowance portion under the Study Loan.

Terms of award and criteria