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| Tuition Grant Scheme for Full-Time Diploma Courses |
| The Singapore Government, through the Ministry of Education (MOE) automatically provides tuition grant to subsidise the fees of Singaporean students. However, students who are graduates from the local polytechnics (SP, NP, NYP, TP or RP) or universities (NUS, NTU or SMU) or LaSalle-SIA are no longer entitled to the tuition grant and will have to pay a higher tuition fee for their study at the Academy. |
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| With effect from 25 June 2001, Singapore Permanent Residents and international students are given the chance to sign the Tuition Grant Deed (TGD) with MOE to enjoy paying a lower tuition fee. Upon graduation, these students are bonded to work in Singapore for 3 years. |
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| The Academy will use the entrance test / audition / interview results to select students who are eligible to sign the TGD. Eligible students who do not wish to sign the TGD or students who are not selected for the TGD must pay full fees for the full duration of their course at the Academy. |
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| To find out more about the MOE Tuition Grant Scheme, please go to http://sam11.moe.gov.sg/tass |
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| CPF Education Scheme for Full-Time Diploma Courses |
| (For Singapore Citizens and PR) |
| Students can use their own or their parent’s CPF savings to pay for their tuition fee. The withdrawal limit for education is up to 40% of the accumulated Ordinary Account savings, or the remaining balance in the Ordinary Account after setting aside amounts reserved for housing or other schemes (if any), whichever is the lower, and subject to the amount of tuition fee payable. |
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| However, students who are not on tuition grant (ie paying full fees) are NOT allowed to use their CPF savings to pay for their tuition fee. |
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| The CPF Education Scheme is a loan scheme. The total amount withdrawn for tuition fees plus accrued interest has to be repaid in full with cash. Repayment will start one year after date of graduation or date of leaving the institution, whichever is earlier. |
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| To find out more or to apply for the CPF Education Scheme, please go to http://mycpf.cpf.gov.sg/Members/Gen-Info/FAQ/Education/EDNHigh.htm |
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| Edusave Scheme for Full-Time Diploma Courses |
| (For Singapore Citizens) |
| Singaporean students can use the balances in their Edusave Accounts to pay for their tuition fee. The scheme covers from Semester 2 of Year 1 onwards. |
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| To find out more about the Edusave Scheme, please go to http://www1.moe.edu.sg/edusave.htm |
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| Post Secondary Education Account |
| (For Singapore Citizens) |
| The PSEA scheme helps parents save for their children’s post-secondary education by maintaining a Post-Secondary Education Account (PSEA) for each eligible child. This is part of the Government’s efforts to encourage every Singaporean to complete his post-secondary education. It also underscores the Government’s commitment to support families in investing in the future education of their children, and to prepare them for the economy of the future. PSEA is not a bank account. It is administered by the Ministry of Education and is opened automatically for all eligible Singaporeans. |
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| Singaporean student can use his or his siblings’ PSEA funds to pay for the approved fees and charges at NAFA. |
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| To check your PSEA, you may contact : |
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General Enquiry on PSEA Scheme |
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Customer Service Tel: (65) 6260 0777 |
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Email: contact@moe.edu.sg |
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| OR visit this website http://www.moe.gov.sg/initiatives/post-secondary-education-account/eligibility-and-usage/#eligibility |
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| Scholarships, Awards and other Financial Assistance Schemes |
| In NAFA, we have several Scholarships, Awards and other Financial Assistance Schemes available for full-time students pursuing diploma, degree or master programmes. |
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| In general, applicants are to take note of the following points : |
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These awards and financial assistance schemes are available only for full time NAFA students. New students must have applied to study in NAFA and may apply for the financial assistance schemes at the same time. |
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All awards and schemes help to cover the Tuition Fee only. For example, these financial assistance schemes will not help to pay for re-take modules. |
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Students who are sponsored or are already in receipt of a scholarship/bursary either from NAFA or an external organization during the academic year SHOULD NOT be applying for any of awards. |
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Students who are receiving MOE Tuition Fees grant, or have taken up study loans may apply for the awards and schemes, subjected to meeting the criteria under each scheme. |
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All scholarships, awards and financial assistance schemes are valid only for one academic year unless otherwise stated. Students are required to apply annually in order to be qualified for any of schemes. |
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| Click on one of the following to find out more : |
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| Students may also wish to take up study loans to help supplement their studies financially. Click on the following to find out about the various study loans available : |
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| For further enquiries, please approach the Student Welfare & Development Branch at Level 2, NAFA HQ, call us at 6512 6140 or email us at studentwelfare@nafa.edu.sg. |
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| All information correct at time of printing/publishing. The Academy reserves the right to modify the information/terms and conditions without prior notice. |
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