Last Updated: 01 February 2021

Government loan schemes

Government loan schemes, such as Tuition Fee Loan and Study Loan, are available to help students finance their diploma, undergraduate or postgraduate programmes. Learn if you are eligible and the loan quantum.

Suspension of repayments and interest for Government loans from 1 June 2020 to 31 May 2021

As part of the Government's Resilience Budget to support workers, businesses and households affected by the COVID-19 pandemic as announced on 26 March 2020, MOE will suspend the repayment and interest for Tuition Fee Loans, Study Loans and Overseas Student Programme Loans for all autonomous university and polytechnic graduates for 1 year, from 1 June 2020 to 31 May 2021.

During this period, all loan repayments due will be suspended and no standard or penalty interest will be levied on any outstanding loan.

All individuals with outstanding Tuition Fee Loans, Study Loans and Overseas Student Programme Loans will be automatically granted the suspension of loan repayment and interest during the suspension period. This includes graduates who have already started on their loan repayments and students with outstanding government loans who will be graduating during the suspension period. Individuals who wish to continue repaying their loans can do so by informing their respective institutions and agent banks to make the necessary arrangements.

Tuition Fee Loan

Students in polytechnics and autonomous universities can apply for the Tuition Fee Loan to cover a certain percentage of their tuition fee. Learn about the eligibility criteria and how to apply.

Study Loan

Students who have taken up maximum of the Tuition Fee Loan, and with gross monthly per capita income of $2,700 or less, can apply for the Study Loan to finance the remaining fees. Learn about the eligibility criteria and how to apply.