Singapore: Full-time undergraduate students at the National University of Singapore (NUS) do not need to pay tuition fees if they come from families with a per capita income of up to S$1,000.
This starts with the new school year in August 2022.
“The university will top up existing government grants to fully fund the tuition fees of these students,” NUS said in a media release on Tuesday (Feb 8), adding that eligible full-time undergraduates in Singapore Both current and incoming students are eligible.
In addition, full-time Singapore undergraduates from families with a per capita income of up to S$690 will receive additional living expenses, on-campus accommodation and financial support for overseas studies.
NUS said it plans to allocate an additional S$15 million a year to fund this enhanced support. It is expected to benefit about 3,300 Singaporean undergraduates from low-income families.
“The new enhanced financial aid package will fill the financial gap for students most in need of support,” said NUS President Professor Tan Eng Cai.
“It provides additional funding for Singaporean students from low-income backgrounds in two areas – full funding of tuition fees and part of living expenses, and access to a fuller and richer university experience, including on-campus study. Stays and overseas exposure .
NUS said it was raising philanthropic support to “establish an endowment to provide sustainable funding for this new initiative”.
It noted that some donors have already pledged support, including the Quantedge Foundation, the charity arm of local fund manager Quantedge Capital.
“We are grateful for a number of donors who have stepped forward to help the University achieve this important initiative. We hope more will support us,” said Professor Tan.
