Page 90 - NAFA-Diploma-Degree-Course-Guide-2019-2020
P. 90

A D M I S S I O N S /  GR A N T S &  S CHOL A R S H I P S  /  G O V ER N M EN T  F I N A N CI A L  S CH EM E S


            GRANTS &


            SCHOLARSHIPS








            GOVERNMENT FINANCIAL SCHEMES



             TUITION GRANT SCHEME                                                                                                   POST-SECONDARY EDUCATION (PSE) SCHEME


            DIPLOMA                                                                                                                The PSE 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
            The Tuition Grant Scheme (TGS) was introduced by the Government to help students with the cost of tertiary education
            in Singapore.                                                                                                          Singaporean to complete his/her post-secondary education. It also underscores the Government’s commitment to
                                                                                                                                   support families investing in the future education of their children and to prepare them for the economy of the future.
            Eligible Singapore Citizens are automatically awarded a Tier A Tuition Grant, which is the highest level of tuition fee subsidy,   PSEA is not a bank account. It is administered by the MOE and is opened automatically to all eligible Singaporeans.
            Singapore Citizens thus pay the lowest tuition fees. There is no bond obligation.
                                                                                                                                   Singaporeans who are pursuing full-time diploma courses or the Bachelor of Music (Hons) course can use their own
            Eligible Singapore Permanent Residents (SPRs) may choose to apply for a Tier B Tuition Grant only. Successful applicants   or their siblings’ PSE funds to pay for the approved fees and charges at NAFA.
            are required to work for a Singapore entity for three years upon graduation.
            Eligible international students may choose to apply for a Tier C Tuition Grant only. There is a limited number of Tuition Grants   To check your PSE account balance, you may contact the PSE Scheme Customer Service:
            available for international students, and selection is competitive and based on merit. Successful applicants are required to work   Tel   +65 6260 0777
            for a Singapore entity for three years upon graduation.                                                                Email    [email protected]
            Students who have exceeded the maximum TGS cap of 10 semesters, or who have graduated from local polytechnics (SP, NP,   More information is available at: http://www.moe.gov.sg/initiatives/post-secondary-education-account
            NYP, TP or RP), universities (NUS, NTU, SMU, SIT, SUSS and SUTD) or LASALLE College of the Arts, are no longer eligible for
            the Tuition Grant and will have to pay the full course fees for their study at the Academy.
            SPRs and international students who applied for the grant successfully are required to execute a Tuition Grant Agreement with   SKILLSFUTURE MID-CAREER ENHANCED SUBSIDY
            the Government of Singapore, represented by the Ministry of Education (MOE). NAFA will guide matriculated students with
            their application for the Tuition Grant. It is, however, the student’s responsibility to complete the process of the Tuition Grant
            Agreement within the deadline set by the MOE. SPRs and international students who do not fulfil the obligations, or do not   The SkillsFuture Mid-Career Enhanced Subsidy supports and encourages lifelong learning, and helps Singaporeans
            complete serving their Tuition Grant bonds will be required to pay liquidated damages. Liquidated damages will be computed   stay responsive to a changing workplace. All NAFA diploma courses and the MOE-funded Bachelor of Music (Hons)
            based on the prevailing Tuition Grant (as advised by MOE) received during the course of study, plus 10% compounded interest   course are eligible for the subsidy.
            per annum.
                                                                                                                                   ELIGIBILITY
            DEGREE                                                                                                                 To be eligible for the SkillsFuture Mid-Career Enhanced   With the SkillsFuture Mid-Career Enhanced Subsidy,
            Eligible Singapore Citizens who are enrolled in the Bachelor of Music (Honours) course will be automatically awarded a Tier   Subsidy, diploma and degree students must meet all of   the following fee adjustments will apply to eligible
            A Tuition Grant, which is the highest level of tuition fee subsidy, Singapore Citizens thus pay the lowest tuition fees. There is no   the following criteria:     Singapore Citizen students:
            bond obligation.                                                                                                       •  Singapore Citizens (SC) aged 40 and above in the   •  Diploma Courses
            Eligible Singapore Permanent Residents (SPRs) who are enrolled in the Bachelor of Music (Honours) course may choose to apply   year of study                         Eligible Singaporean diploma students, aged 40 and
            for a Tier B Tuition Grant only. Successful applicants are required to work for a Singapore entity for three years upon graduation.  •  Pursuing the first MOE-subsidised full-time diploma    above, will pay course fees that are 33.33% lower than
                                                                                                                                     or undergraduate degree courses
            Students who have graduated from local universities (NUS, NTU, SMU, SIT, SUSS and SUTD) or LASALLE College of the                                                    the standard subsidised course fees payable by other
            Arts degree programmes are no longer eligible for the Tuition Grant and will have to pay the full course fees for their study    •  Student is eligible for and is receiving the base   Singaporean students who are below 40 years old.
            at the Academy.                                                                                                          Government subsidy (e.g. Tuition Grant for full-time
                                                                                                                                     diploma or undergraduate degree courses). If a SC   •  Bachelor of Music (Hons)
            To find out more about the MOE Tuition Grant Scheme, please refer to: https://tgonline.moe.gov.sg                        student is not eligible for the Tuition Grant or MOE     Eligible Singaporean degree students, aged 40 and
                                                                                                                                     subsidy, he/she will also not qualify for this    above, will pay tuition fees that are 60% lower than
                                                                                                                                     Enhanced Subsidy.                           the standard subsidised course fees payable by other
             CENTRAL PROVIDENT FUND (CPF) EDUCATION SCHEME                                                                                                                       Singaporean students who are below 40 years old.
        G R A N T S  &  S C HOL A RSH I P S  The CPF Education Scheme is a loan scheme.                                            Students are not required to submit an application for the SkillsFuture Mid-Career Enhanced Subsidy. Students will   G R A N T S  &  S C HOL A RSH I P S

                                                                                                                                   be charged the appropriate subsidised fees if they are eligible for the enhanced subsidy. For more information about
            Singaporeans and SPRs who are pursuing full-time diploma courses or the Bachelor of Music (Hons) course, and are
                                                                                                                                   SkillsFuture programmes and initiatives, please refer to http://www.skillsfuture.sg/enhancedsubsidy.
            eligible for MOE Tuition Grant can apply for a loan from their own or their parent’s CPF savings to pay for the course fees.
            The total amount withdrawn for course fees plus accrued interest has to be repaid in full with cash to the CPF Board.


            To find out more about or to apply for the CPF Education Scheme, please refer to www.cpf.gov.sg
       84   Repayment will start one year after the date of graduation.                                                                                                                                                      85
   85   86   87   88   89   90   91   92   93   94   95