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Study Loan Scheme

Am I eligible for a study loan? If so, what is the maximum loan amount?

All full-time subsidised diploma students (not applicable to Polytechnic Foundation Programme students) who are Singapore Citizen or a Permanent Resident of Singapore with gross monthly household per capita income ≤ $2,700 can apply for the Study Loan Scheme.

The loan comprises of TWO components:

Component A: A loan of up to 25% of tuition fees payable

Student must already be on one of the following four (4) schemes to cover at least 75% of tuition fees:

Tuition Fee Loan Scheme.
CPF Education Loan Scheme.
Mendaki Tertiary Fee Subsidy Scheme.
Post Secondary Education Account (PSEA).

Component B: A loan of up to $2,000 for any 2 consecutive semesters to meet living expenses

Applications for Component B alone are permissible only if tuition fees have been paid in full. If you have tuition fees of up to 25% still owing to the Polytechnic at the point of application for the above, you will have to apply for Component A first before applying for Component B.