Disbursement of Financial Aid
Financial aid is awarded for the academic year and disbursed each semester based on a student’s enrolment status. Different aid schemes may disburse at different times as follows:
| No. | Financial Aid Scheme | Application/Acceptance Timeline | Disbursement Timeline | Usage/Receipt of Funds |
|---|---|---|---|---|
| 1 | MOE Tuition Fee Loan (Applicable for AY2025/2026 only) | Apply by 31 May 2026 (Semester 2) | Up to 4 weeks from the application date | Funds will be used to offset tuition fees |
| 2 | Higher Education Student Loan (With effect from AY2026/2027) | HESL - Base Provision Apply from July (Semester 1) Apply by January (Semester 2) HESL - Balance Fee Coverage & Living Allowance Sign agreement after mid-September (Semester 1) and after end-January (Semester 2) | HESL - Base Provision By mid-September (Semester 1) By mid-February (Semester 2) HESL - Balance Fee Coverage & Living Allowance Up to 4 weeks after the agreement signed date | HESL - Base Provision Funds will be used to offset tuition fees HESL - Balance Fee Coverage & Living Allowance Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after the agreement signed date |
| 3 | Central Provident Fund (CPF) Education Loan Scheme | Apply by mid-July (Semester 1) Apply by early December (Semester 2) | By mid-September (Semester 1) By end-January (Semester 2) | Funds will be used to offset tuition fees |
| 4 | MENDAKI Tertiary Tuition Fee Subsidy | Apply by end-July (Semester 1) Apply by January (Semester 2) | By mid-September (Semester 1) By end-January (Semester 2) | Funds will be used to offset tuition fees |
| 5 | Post-Secondary Education Account (PSEA) (Standing Order) | Apply by early-August (Semester 1) Apply by December (Semester 2) | By mid-September (Semester 1) By early-February (Semester 2) | Funds will be used to offset tuition fees and miscellaneous fees |
| 6 | Post-Secondary Education Account (PSEA) (AD-HOC Withdrawal – Tertiary Tuition Fee-Course) | Apply by mid-August (Semester 1) Apply by mid-January (Semester 2) | Up to 6 weeks after application date | Funds will be used to offset tuition fees and/or miscellaneous fees |
| 7 | Higher Education Bursary or Higher Education Community Bursary or Residential Programme Bursary or Residential College Bursary | |||
| Accept by early-September (Semester 1) | By mid-September (Semester 1) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by end September | ||
| Accept by end-January (Semester 2) | By early-February (Semester 2) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-February | ||
| Accept after mid-September (Semester 1) and after end-January (Semester 2) | 2 weeks after acceptance | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after acceptance | ||
| 8 | NUS Bursary or Donated Bursary | |||
| Accept and fulfil terms by early-September (Semester 1) | By mid-September (Semester 1) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by end September | ||
| Accept and fulfil terms by end-January (Semester 2) | By early-February (Semester 2) | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-February | ||
| Accept after deadlines | 2 weeks after fulfilment | Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after fulfilment |
& Funds credited will be reflected in student's bank account in 7 to 10 working days after disbursement.
+ Refer to the Office of Financial Aid’s website for exact deadlines.
* Refer to the Financial Aid Acceptance letter via Applicant Portal.
Payment Sequence
For students using a combination of financial aid schemes for the payment of their subsidised tuition fees, the disbursement sequence is as follows (where applicable):
- Scholarship that covers 100% of tuition fee / MENDAKI Tertiary Tuition Fee Subsidy (TTFS)
- SkillsFuture Credit
- Higher Education Community/Higher Education Bursary (Medicine/Dentistry)
- NUS Bursaries
- Post-Secondary Education Account (PSEA) Scheme*
- CPF Education Loan Scheme (CELS)*
- Higher Education Student Loan (HESL)/Tuition Fee Loan/MOE Study Loan*
- Higher Education Community/Higher Education Bursary (non-Medicine/Dentistry)
- Bursaries (non-NUS)
- GIRO deduction from students' own account/other account/NETS/Others
* If your tuition fee is already fully covered by a scholarship/NUS Bursaries/TTFS, tuition fee schemes such as PSEA, CELS, MOE TFL and MOE Study Loan (Tuition Fee portion), HESL (Tuition Fee portion) will not be applicable and you should not apply for these schemes to cover your tuition fee). If you are an existing recipients of such tuition fee schemes, please contact the Office of Finance to suspend the PSEA, CELS, MOE TFL and MOE Study Loan (Tuition Fee portion), if applicable.
Upon satisfactory compliance with all terms and conditions of the financial aid offer, the loan funds will be credited to the student's Receiving Bank account by the Office of Finance twice yearly in half around September and February each year. The funds will be disbursed within 4 weeks after signing the loan agreement. All fees due to the University will however be deducted from such proceeds prior to crediting.