NUS Student Assistance Loan
The NUS Student Assistance Loan finances part of the living and accommodation expenses.
The loan quantum varies according to the level of financial need, the nationality of the applicant, and the availability of funds.
The loan is tenable for the entire undergraduate degree programme duration (unless otherwise stated in the loan agreement) and re-application is not required.
The NUS Student Assistance Loan is supported by NUS and private donors via the following loan funds:
- Alumni Student Loan Fund
- Daisy Pang Students' Loan fund
- Golden Jubilee Loan Fund
- Kwan Im Thong Hood Cho Temple Loan Fund
- Lien Foundation Loan Fund
- Ng See Yook Loan Fund
- James & Mei Loh Student Loan Fund
- NUS Management Loan Fund
- NUS Society Students' Loan Fund
- NUS Students' Loan Fund
- NUSSU Students' Loan Fund
- Shaw Foundation Loan Fund
- Singapore Turf Club Loan Fund
- Students' Assistance Loan Fund
Financially needy undergraduates who have been offered or are in receipt of the NUS Study Loan with the living allowance component and who incur accommodation expenses.
Recipients of the ASEAN Undergraduate Scholarship, NUS Merit Scholarship, NUS Faculty Scholarships, University Engineering Scholarship, and other scholarships that do not cover accommodation expenses are also eligible to apply for this loan.
Note: Undergraduates who are reading the Concurrent Degree Programmes are not eligible for the loan once they are charged graduate tuition fee.
The loans are interest free. The repayment period depends on the value of the loans and varies from 3 to 5 years. Repayment can be done in one lump sum or in fixed equal monthly installments commencing not later than 3 months after graduation.
A guarantor is required. He or she must be between 21 and 60 years old at the point of application and is not a bankrupt.
|
Student |
Guarantor |
|
Singapore Citizen |
Singaporean |
|
Singapore Permanent Resident |
Singaporean/ Singapore Permanent Resident |
|
International Students |
Singaporean/ Singapore Permanent Resident / Foreigner |
To be considered for the NUS Student Assistance Loan, you are required to apply for Financial Aid here.
Upon satisfactory compliance of all terms and conditions, funds will be credited in full to the student's account by the Office of Finance in about 4 weeks after the signing of the agreement or around September each year for existing recipients. All fees due to the University will be deducted from the funds prior to crediting.