Financial Assistance FAQs

Financial Aid (FA) applications are open during the published application period each academic year, usually from July to August. Students are encouraged to visit the FA webpage for information on the application periods and submission instructions before submitting their FA application.

Students may apply for financial aid (FA) through the Student Portal or via the FA webpage. Information on the application periods and submission instructions are also available in the FA webpage.

Newly matriculated students may submit a Financial Aid (FA) application after they have successfully completed matriculation. Eligible students are encouraged to visit the FA webpage for information on the application periods and submission instructions before starting their FA application.

Students are only required to submit a single Financial Aid (FA) application each academic year. Eligible students will be assessed and considered for all applicable donated bursaries and donated scholarships within the application cycle.

Students who are Singapore Citizens (SC) will also be considered for public bursary within the same application. 
 

Application outcomes are released progressively in batches after the application period closes. Shortlisted students may be invited for an interview, and their application outcome will only be released upon completion of the interview process.

All students will be notified of their application outcome via their SIT email account once it is available, regardless of whether the outcome is successful or unsuccessful.

Students who submitted a Financial Aid (FA) application with SIT will be notified through their SIT email account once the application outcome is available.

For Financial Aid/Loan schemes that are not administered by SIT, students may refer to the following table or contact the respective organisations directly for schemes not listed below.
 

Financial Aid awards are generally not renewed automatically. Students who wish to be considered for financial assistance in a new academic year must submit a new application and meet the prevailing eligibility requirements.

Students with an active enrolment status may submit a Financial Aid application for assessment, subject to the eligibility requirements of the respective bursary and scholarship.

Students who wish to be considered for financial support in a new academic year are required to submit a new application and undergo eligibility assessment.

Generally, financial aid (FA) eligibility depends on the Terms & Conditions of the sponsorship and the requirements of the FA scheme.

Students may still apply for FA and declare in their applications any sponsorships or awards they have received for further assessment.
 

In general, students may not concurrently hold multiple awards if there is duplication in the award coverage and/or if stipulated in the Terms and Conditions.

Students who are subsequently assessed to be ineligible to concurrently hold multiple awards may be required to refund the award amount disbursed. 
 

Applications for donated scholarships are open during the published application period each academic year, typically from July to August.

Scholarship applications are administered alongside Financial Aid (FA) applications. Students are only required to submit a single application to be considered for donated scholarships, donated bursaries and public bursaries (applicable for Singapore Citizens only).

Before submitting an application, students are advised to refer to the FA webpage and Scholarships webpage for the latest information on application timelines, submission instructions and eligibility criteria.
 

Students may submit a Financial Aid (FA) application through the Student Portal or via the FA webpage to be considered for donated scholarships, donated bursaries and public bursaries.

Information on the application periods and submission instructions are also available in the FA webpage. 
 

SIT administers a wide range of scholarships gifted by private donors. Therefore, the eligibility criteria for each scholarship may differ.

Students may refer to the list of donated scholarships for the respective Terms & Conditions.

Donated scholarships available for application may vary depending on the application cycle and eligibility requirements.

In general, eligible students who applied for donated scholarships will be considered for all scholarships that are applicable to them. 

 

Students who submitted a Scholarship application will be notified through their SIT email account once the application outcome is available.

Applications for donated bursaries/study grants are open during the published Financial Aid (FA) application period each academic year, typically from July to August. 
Students are only required to submit a single application to be considered for donated scholarships, donated bursaries and public bursaries (applicable for Singapore Citizens only).

Before submitting an application, students are advised to refer to the FA webpage and Scholarships webpage for the latest information on application timelines, submission instructions and eligibility criteria.

Students may submit a Financial Aid (FA) application through the Student Portal or via the FA webpage to be considered for donated scholarships, donated bursaries and public bursaries.

Information on the application periods and submission instructions are also available in the FA webpage. 

Students who are Singapore Citizens (SC) will be considered for Public Bursary (PB), that is, the Higher Education Community Bursary or Higher Education Bursary, when they submit a Financial Aid (FA) application.

Eligibility for the PB is assessed based on MOE’s prevailing bursary criteria, including citizenship, student status, household means assessment requirements, and other applicable eligibility conditions.

Students may refer to FA webpage for more information on PB.

Students may submit a Financial Aid (FA) application through the Student Portal or via the FA webpage to be considered for donated scholarships, donated bursaries and public bursaries.

Students who are Singapore Citizens (SC) will be considered for Public Bursary (PB), that is, the Higher Education Community Bursary or Higher Education Bursary, when they submit a Financial Aid (FA) application.

Information on the application periods and submission instructions are also available in the FA webpage. 

There are two main tiers of Public Bursary (PB), that is, the Higher Education Community Bursary and Higher Education Bursary. Each tier comprises two sub-tiers, resulting in a total of four bursary quanta, each with a different quantum amount.

The actual PB quantum awarded is determined based on the student’s assessed Per Capita income (PCI) or Gross Household Income (GHI), whichever qualifies the student for the higher PB quantum.

Students will be notified of the outcome, including the exact bursary quantum awarded, via their SIT email account once the assessment has been completed.

Public Bursary (PB) is valid for one academic year. Students who wish to be considered for PB in a new academic year are required to submit a new application and undergo eligibility assessment.

Students with changes to their household situation which resulted in a lower household Per Capita Income (PCI) or Gross Household Income (GHI), may contact the Admissions and Financial Aid Division at fas@singaporetech.edu.sg or call 6592 1136 during office hours to appeal for a reassessment of their eligibility for a higher Public Bursary (PB) tier.

If the reassessment determines that the student qualifies for a higher PB tier, the PB award for the same Academic Year may be revised accordingly. Where applicable, a top-up of the PB amount, will be disbursed. 
 

Generally, financial aid (FA) eligibility depends on the Terms & Conditions of the donated bursary and study grant, and the requirements of the financial support that students are already receiving.

Students may still apply for FA and declare in their applications any other financial supports that they have received for further assessment.

Bursary disbursement is administered according to the prevailing policies of the institution and the funding organisation. The disbursement method may vary across bursaries and study grants, depending on the intended purpose of the award, such as the payment of tuition fees, Overseas Immersion Programme expenses, or other education-related costs.

Bursary funds are typically used to offset outstanding tuition fees or disbursed to the student via their designated bank accounts, where applicable. Students must satisfy all applicable eligibility requirements and maintain an active student status for disbursement to be processed.

Students will be notified of the different outcomes accordingly through their SIT email account once it is available. 
 

SIT administers a wide range of bursaries and study grants gifted by private donors. Therefore, the eligibility criteria for each bursary and study grant may differ.

Students may refer to the list of donated bursaries and study grant for the respective Terms & Conditions.
 

The Financial Application (FA) Statement is an important component for the holistic assessment process of students’ FA applications. It provides insights into students’ household situation, enabling the assessment of their suitability for the various financial assistance schemes available.

Students who submitted a Financial Aid application will be notified through their SIT email account once the application outcome is available.

Students are encouraged to tap on the various financing schemes below to create a safety net for their tuition fee payment.

a.    Post-Secondary Education Account (PSEA):

PSEA is administered by MOE allowing students to utilise fund in their own and/or their siblings’ accounts for tuition fees payment.

If students would like to apply for a partial/one-time withdrawal of their PSEA funds for fee payment, they can opt for an Ad-hoc Withdrawal. For on-going withdrawal of PSEA funds for fee payment, they may consider the Standing Order arrangement.

b.    Higher Education Student Loan (HESL) Scheme:

The HESL Scheme will provide loans to cover the tuition fees payable and an annual living allowance. It is implemented from 29 July 2026 to replace the Government loan schemes, that is, the MOE Tuition Fees Loan (TFL), MOE Study Loan (SL) and MOE Overseas Student Programme Loan (OSPL).

Application for the HESL scheme can be done via the new StudentLoanSG (SLSG) portal from 29 July 2026.

The SLSG portal will accept HESL applications from the following students who have a Singpass account:

• Newly matriculated students in Academic Year (AY) 2026 intake;
• Existing students (matriculated before the AY2026 intake) who do not have TFL or SL for their current course of study.

Existing students who have taken up the TFL and/or SL will continue with their current loan provisions. No action is required unless they wish to apply for new or additional loan provision(s) under the HESL scheme. Students may enquire on their eligibility for HESL from 15 September 2026 by approaching the Admissions and Financial Aid Division at fas@singaporetech.edu.sg or call 6592 1136 during office hours.

Students who are interested to apply for a loan that covers the cost of overseas programme may approach the Global Experience Office at GED@singaporetech.edu.sg for more information about HESL Overseas Student Programme component.

c.    CPF Education Loan (CPFEL) Scheme:

CPFEL Scheme covers up to 100% of the subsidised tuition fees payable, subject to 40% of accumulated savings in the ordinary account (excluding amounts withdrawn for housing).

As CPF is meant primarily for retirement purposes, students may consider utilising it for fee payment as a last resort. 
 

Students may utilise the funds in their own and/or their siblings’ PSEA accounts for the payment of tuition fees and annual fees (excluding hostel fees and late fees). PSEA funds may also be used to pay course fees for enrichment programmes approved by SIT such as the Overseas Immersion Programme (OIP). 

Students may opt for a Standing Order arrangement or Ad-Hoc Withdrawal under the PSEA for payments.

Standing Order (SO) Arrangement:
For on-going withdrawal of tuition fees and annual fees payment, students may apply for an SO. Once the SO is established, funds equivalent to their total tuition fees and annual fees or their available PSEA funds (whichever is lower) will be automatically withdrawn each trimester. The SO should be submitted via the Student Finance System (SFS).

Ad-hoc (ADH) Withdrawal:
Students who wish to use the PSEA funds for a one-time payment of their tuition fees, annual fees, overseas immersion programme and course fees for enrichment programmes should submit an ADH application via FormSG. A separate application form must be submitted for each withdrawal request.

For more information on PSEA, please visit the SIT’s PSEA webpage or contact MOE directly at contact@MOE.gov.sg. 
 

MOE will inform students of the application outcome. Students may also check with MOE two weeks after the submission of their application. 

Students who wish to terminate their existing Standing Order (SO) may submit an online form through the Student Finance System (SFS).

The HESL Scheme is implemented from 29 July 2026 to provide loans to students who need help to finance their tertiary studies. It replaces the existing Government loan schemes, that is, the MOE Tuition Fee Loan (TFL), MOE Study Loan (SL) and MOE Overseas Student Programme Loan (OSPL), which will now merge under the new HESL scheme.  

The HESL Scheme provides loans to cover the tuition fees payable and an annual living allowance loan. Undergraduate students who need help to finance the cost of participating in overseas student programmes approved by the PSEIs can also apply for the HESL. Students who are interested to apply for a loan that covers the cost of overseas programme may approach the Global Experience Office (GED) at GED@singaporetech.edu.sg for more information about the HESL Overseas Student Programme component.

Students may visit HESL webpage for more information on the HESL Scheme, or approach the Admissions and Financial Aid Division at fas@singaporetech.edu.sg or call 6592 1136 during office hours.
 

The HESL Scheme is made up of 2 components, as below.

a.    Non-Means Tested Base Provision:
For all students (Singapore Citizen (SC), Singapore Permanent Resident (SPR) and International Student (IS)) that can cover up to 90% of the subsidized fees payable, depending on the citizenship of the student.

b.    Means-Tested Provision:  

• For eligible SC students – covers the balance of their tuition fees not covered by the base provision, loan for living allowance, and cost of overseas student programmes (for undergraduates only).
• For eligible SPR and IS students – covers loan for living allowance only.

The following students are eligible for Means-Tested Provision:
- SC and SPR with gross monthly household per capita income (PCI) of $3,500 or less. 
- IS with gross monthly household PCI of $1,875 or less.

Students can decide if they wish to apply for the Base Provision only, or both the Base Provision and Means-Tested Provision.

Within the Means-Tested Provision, SC students can also decide if they wish for the loan to cover: 
a.    The tuition fee balance only, or
- Covers remaining 10% of the subsidised tuition fees.

b.    Loan for living allowance only, or
- Up to $4,100 per academic year.

c.    Cost of overseas programme only, or
- Up to $12,000 to cover the cost of institution-approved overseas student programmes. Students can only take up this loan once during the course of their undergraduate study.

d.    A combination of any of the above three.  

More information can be found at SIT’s HESL webpage regarding the HESL Scheme. Alternatively, students may approach the Admissions and Financial Aid Division at fas@singaporetech.edu.sg or call 6592 1136 during office hours.

Students who are interested to apply for a loan that covers the cost of their overseas programme may approach the Global Experience Office (GED) at GED@singaporetech.edu.sg for more information.
 

Students who need help to finance their tertiary studies when they pursue the approved MOE-subsidised undergraduate (UG) and postgraduate (PG) programmes at SIT can apply for the HESL scheme via the new StudentLoanSG (SLSG) portal when it is launched on 29 July 2026, 10am.

a.    The following students who have a Singpass account are eligible to apply from 29 July 2026 onwards via the SLSG portal: 

• Newly matriculated students in Academic Year (AY) 2026 intake;
• Existing students (matriculated before the AY2026 intake) who do not have TFL or SL for their current course of study.

b.    Existing students who have taken up the TFL and/or SL will continue with their current loan provisions. No further action is required if they wish to continue with the existing arrangement.

Alternatively, students who have an existing loan may opt to switch from their current TFL to the Base Provision component under the HESL Scheme in September 2026. Under this scheme, students may also apply for a Living Allowance. If you decide to make the change, please approach the Admissions and Financial Aid Division at fas@singaporetech.edu.sg or 65921136 for advice and assessment of needs from 15 September 2026. Please note that this transition will only take effect from AY2026 Trimester 1 onwards.

For students who wish to take up the Balance Fee Coverage and/or Living Allowance Loan components which require means-testing to be done, they will need to first apply for the loans on the SLSG portal.

Thereafter, students should submit their supporting income documents via the Student Portal for means-testing to be completed. 
 

Before taking up the HESL Scheme, students should first consider other financing options, such as the Public Bursary (PB), Post-Secondary Education Account (PSEA) fund, institution-based financial aid schemes, etc, that may be available for them to tap on for meeting their financial needs.

To find out more about the available financial aid options and the eligibility criteria, students may refer to the FA webpage, or approach the Admissions and Financial Aid Division at fas@singaporetech.edu.sg or 65921136.

The HESL Scheme is interest-free during course of study, and interest will start only upon the student’s graduation or leaving the institution. The interest rate basis for the HESL Scheme is the same as the existing schemes (loan agreements signed on or after 1 April 2024), as shown below:

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 also visit the DBS website for the applicable interest rates for the HESL Scheme. 
 

The maximum loan repayment period for the HESL Scheme is 10 years. The minimum loan repayment amount for the HESL Scheme is $100 per month.

Upon graduation, students can opt to repay the HESL either by a full lump-sum payment, partial payment, or equal monthly instalments of minimum $100.

For students who leave the institution without completing their study, the HESL outstanding will become due and payable in full immediately. However, the student can make an appeal to the bank to repay the loan by monthly instalments.

Students who face financial difficulty and are unable to fully repay the loan by the end of the maximum repayment period, that is, 10 years, can make an appeal for an extension of the repayment period. Appeals will be reviewed on a case-by-case basis. 
 

A guarantor is required to apply for the HESL Scheme. A guarantor must be between 21 and 60 years of age (based on guarantor’s age at the point of application), must not be an undischarged bankrupt, and meet the following citizenship status criteria:

• SC guarantor for SC applicants
• SC or PR guarantor for PR applicants
• SC, PR or foreigner for IS applicants
   

Students may visit the StudentLoanSG (SLSG) portal where they have submitted their HESL application for the outcome. The application processing time will take approximately 4-8 weeks. 

CPF members may utilise their CPF savings in the Ordinary Account (OA) under the CPF Education Loan (CPFEL) Scheme to make payment for their children’s, spouses’ or their own tuition fees.

CPFEL Scheme covers up to 100% of the subsidised tuition fees payable, subject to 40% of accumulated savings in the OA (excluding amounts withdrawn for housing). The OA may not be use for educational purposes if the applicable CPF minimum sum requirements are not met.

As CPF funds are meant primarily for retirement purposes, students are encouraged to consider the use of CPF funds for fee payment only as a last resort.

For more information, please refer to SIT webpage on CPFEL or visit the CPFB website. 
 

The HOusehold Means Eligibility System (HOMES) is a Government system that provides up-to-date income information and verifies household composition to support means-testing for eligibility assessment of public bursaries such as the Higher Education Community Bursary and the Higher Education Bursary from AY2026.

For more information, please visit the HOMES website.
 

As part of the eligibility assessment for public bursary, students who are Singapore Citizen will be required to submit consent for themselves and their household/family members before HOMES access the necessary personal information.

There are three types of consent for HOMES:

a.    All Schemes consent (recommended)
Allows all participating organisations to collect the required personal information to determine the eligibility for applicable financial assistance schemes.

b.    Agency-Specific Scheme consent
Allows the specific organisation (SIT) to collect the required personal information to determine the eligibility for applicable financial assistance schemes.

c.    Single Scheme consent
Allows the specific organisation (SIT) to collect the required personal information to determine the eligibility for public bursary only.
 

The HOMES consent form is only applicable to students who are Singapore Citizens and their family members. Each person in the household including the applicant (SIT student) is required to submit individual consent form if they wish for their data to be retrieved via HOMES.

Students will be required to complete the HOMES consent form when submitting their Financial Aid (FA) applications. They may refer to the System User Guide for the instructions on the completion of the HOMES consent form. 

Students and their household/family members may provide consent to share data that pertains to themselves if they are at least 21 years of age based on date of birth.  

If the Students or any of their household/family members are below the age of 21, the parent/legal guardian can provide consent on their behalf.

Once HOMES consent is provided, it remains valid for use for subsequent applications except in the following circumstances:

a.    Consent withdrawal form is submitted
b.    Consent was previously given on behalf of a minor who has now turned 21 years of age

The previous consent given is no longer valid in such circumstances.
 

You will be required to submit the HOMES consent withdrawal form if you would like to withdraw your consent given previously.

Students may be contacted by the HOMES Ops team via phone, email or letter, if there is a need to clarify the household information provided by students or their family members for the application of assistance from the public scheme.

If students have provided their mobile number as the point of contact, they will receive an SMS from gov.sg (with the header “HOusehold Means Eligibility System”) after an initial unsuccessful phone call. With this SMS sent, students will be aware of the purpose of the call, identity of the HOMES Ops officer on their case, and the number to call back.

If students are unsure of the authenticity of the number that they have received a call from, please call HOMES hotline 6818 1422 for confirmation.
 

Students may call HOMES hotline 6818 1422 from Mondays to Fridays during office hours for assistance.