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Tuition cost for degrees in Singapore

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If you are parenting your kid for post secondary education in Singapore or abroad, there are handful informative sources and choices available today. For further studies you can rely on autonomous universities as National University of Singapore (NUS), Nanyang Technological University (NTU), SIM University and Singapore Management University (SMU). These are collaborated with top foreign universities to accommodate their own course curriculum and independent with excellence in educational achievements. Tuition fees in Singapore for these universities are highly subsidized by the Singapore Government. For eligible students Tuition Grant Subsidy Scheme has been established. Singapore citizens, permanent residents and foreign students who are eligible for subsidy need to submit online application form through Ministry of Education website. Students admitted on subsidized fee paying mode can get coverage as scholarships and financial assistance schemes also. But it should be minded that miscellaneous fees like student registration, activities, health insurance, library, IT, academic services etc.

If the student is not lucky enough to qualify for these four universities, there are private universities and specialized institutions like TMC, Informatics, Chicago Booth, DigiPen, Essec, GIST-TUM Asia, INSEAD, SP Jain Institute of Management etc. There are five Polytechnics NYP, NP, RP, SP, and TP in Singapore. Admission cost, course fees in these private organizations can be 3-4 times costly than autonomous universities. Tuition fees in tuition centre Singaporeis really fluctuating. Where NUS or NTU would cost S$5,000 per year after subsidy, Informatics would demand S$20,000 for the same. So you as a parent have two options at hand either scholarships or money to fund your student’s further studies. If concerned about sufficient financial arrangement and lack student scholarships, you can opt for tuition fees financing schemes. To avail of this opportunity proper knowledge on loan amount, eligibility, guarantor, repayment period, amount, interest rates all terms and condition is important. For students it is recommended to plan out loan amount and identify the ways of repaying the debt once start working.

Studying abroad   would cost you much higher price. Apart from Australia, higher studies in Britain, USA would ask around 10 times course fees. If you don’t have scholarships or educational loan it is extremely difficult to arrange the financial burden. There are students spending years to repay debts worth of million. So loans should be picked carefully. Tuition fees for foreign students in Singapore is 10% high than local students. To enjoy the benefits of tuition grant a foreign student has to be bonded for 3 years while on job.

Students of Singapore looking for undergraduate degree studies should keep in mind that overseas institutions are not accredited by Ministry of Education thus degrees are not recognized and the job would purely depend on employers’ recruitment criteria. Before selecting an overseas institution it is advisable to check its bonafide establishment certification. Professional degrees like engineering, medical, laws etc. should be recognized by respective professional bodies like Professional Engineers board to get a job in Singapore. There are local agents who conduct such overseas programs in Singapore. For those every student should have good amount of information on institution or agents before enrollment.
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