Loans

Loans

Loans

SIT administers a variety of loan schemes to assist students with the payment of tuition fees and other education expenses such as living allowance and the Overseas Immersion Programme.

 

UNDERGRADUATE students may choose to utilise any of the following loan schemes available: 

SCHEME 

CITIZENSHIP

HELPS TO COVER  

 TUITION FEES

 LIVING ALLOWANCE

OIP 

TUITION FEE LOAN

 SC/SPR/IS*

Up to 90% of subsidised tuition fees payable by SCs 

N.A.

N.A.

SIT STUDY LOAN

10% of subsidised tuition fees payable by SCs

S$3,600 per academic year

N.A.

CPF EDUCATION SCHEME**

Up to 100% of subsidised tuition fees payable; up to 40% of CPF  member's Ordinary Account

N.A.

N.A.

OVERSEAS STUDENT PROGRAMME LOAN

SC/SPR

N.A.

N.A.

Up to 80% of full cost of OIP payable by SCs. Up to 40% of full cost of OIP payable by SPR.

NOTE:

*International Students (IS) must be in receipt of the MOE Tuition Grant (TG) in order to apply for loan schemes for payment of tuition fees. 

**Students (regardless of citizenship) must be in receipt of the MOE TG in order to apply for the CPF Education Scheme (CPFES). 

Undergraduate Application Periods for AY2018:

Tuition Fee Loan (TFL)

04 June to 08 July 2018

SIT Study Loan (SIT SL)

 04 June to 08 July 2018

Overseas Student Programme Loan (OSPL)

To be advised closer to the trip

CPF Education Scheme

01 June to 30 June 2018

 

 

 

 

 

 

POSTGRADUATE students may choose to utilise the following loan scheme available: 

SCHEME 

CITIZENSHIP

HELPS TO COVER  

 TUITION FEES

 LIVING ALLOWANCE

OIP 

TUITION FEE LOAN

 SC/SPR/IS

Up to 90% of subsidised tuition fees payable by SCs 

N.A.

N.A.

 

Students are encouraged explore the Frequently Asked Questions on loans for further information before submitting the appropriate applications.