Financial support for students who are studying in privately-funded institutions

Published Date: 13 September 2021 09:00 PM

News Parliamentary Replies

Name and Constituency of Member of Parliament

Mr Abdul Samad, Nominated Member of Parliament


To ask the Minister for Education whether the Ministry will consider providing interest-free financial support to Singaporeans pursuing degrees at the PSB Academy.


1. Private Education Institutions (PEIs), including PSB Academy, are not part of the public education system and hence generally do not receive government funding.

2. We have likewise not extended government-funded loans to PEI students. They may apply for financial assistance offered by PEIs, or tap on education loans offered by commercial banks, to finance their studies.

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