Enhanced SUTD Education Opportunity Grant

The SUTD Education Opportunity Grant (SEOG), which was recently introduced as part of SUTD’s total Financial Aid Package to help deserving needy students pursue their studies at SUTD, has just been enhanced to allow more students to benefit from the scheme, and for those with greater financial need to enjoy even more support. The SEOG is aimed at helping recipients offset their tuition fees and reduce their financial burden, after taking into account all bursaries and grants from all donors and the Singapore government. With the enhanced SEOG, the grant amount will be tiered based on the qualifying student’s financial circumstances, and will cover a maximum of four years (8 academic terms) of undergraduate studies as long as the recipient continues to meet the eligibility criteria. The grant is bond-free.

The enhanced SUTD Education Opportunity Grant, together with the rest of Financial Aid Package, will help to take care of the subsidised tuition fees fully for needy students.

 

Eligibility

  • Open to Singapore Citizens (SC) only

  • Must NOT be a current scholarship holder

  • Full-time undergraduates in first year of study at SUTD from Academic Year 2018 onwards

  • Demonstrated financial need with monthly household Per Capita Income of S$2,250 and below

  • Family does not own any private property and residing in a 4-room HDB flat or smaller

  • Have been granted the Tuition Fee Loan and/or CPF Education Scheme Loan

Tenure

Each qualifying student is guaranteed to receive the award for a maximum of four years (8 academic terms) of undergraduate studies, provided that the recipient continues to meet the eligibility criteria.  Recipients will be required to provide supporting income documents to the Office of Student Administration on an annual basis.

Benefits of Award

Enhanced SEOG

Per Capita Income ($)

Coverage

Tier 1

0 – 690

  • Up to 40% of subsidized tuition fees

  • Freshmore housing fees (3 terms) – for those awarded the enhanced SEOG at admission (Tier 1 or Tier 2)

Tier 2

691 – 1,000

  • Up to 30% of subsidized tuition fees

  • Freshmore housing fees (3 terms) – for those awarded the enhanced SEOG at admission (Tier 1 or Tier 2)

Tier 3

1,001 – 1,725

  • Up to 25% of subsidized tuition fees

Tier 4

1,726 – 2,250

  • Up to 15% of subsidized tuition fees

Note: The grant does not come with any bonds

Application Period

Prospective students should apply for the enhanced SEOG as part of their online application for SUTD-administered Study/Bursary awards and MOE/CDC/CCC University Bursary Scheme. Upon the successful processing of the financial aid application and approval of the Tuition Fee Loan and/ or CPF Education Scheme Loan (students are encouraged to apply for the Tuition Fee Loan as soon as possible, upon receiving an admissions offer from SUTD),  students will be granted the award for the first academic year.

The following students may also apply for the enhanced SEOG to offset their tuition fees in the remaining terms:

  • Students admitted in AY2018 cohort
  • Students awarded one-year scholarship from AY2018 onwards may apply for the enhanced SEOG in the second and subsequent years of their studies

Application may be made as part of the Financial Aid application via MyPortal.

Illustration

An example below:

Example A

Estimated annual educational and living expenses (based on AY 2018 fees as fees for the new academic year have yet to be advised)

Tuition Fee Payable (after tuition grant subsidy by Singapore Government): $13,050
Compulsory Miscellaneous Fees: $300
Estimated Living Expenses: $6,400
Estimated Hostel Cost (for 2 terms): $2,820
Total Estimated Annual Expenses: $16,170  ($22,570, including living expenses)

Student A (Singapore Citizen) has a family of 5 members, with a gross monthly income of $3,100, or per capita income of $620

Financial Assistance Package

Tuition fee:

  • SUTD administered Study/Bursary Award: ~$5,000*
  • Enhanced SUTD Education Opportunity Grant: $5,220 (up to 40% of tuition fees)
  • Tuition Fee Loan: $2,830 (up to 90% of annual subsidised tuition fees less SUTD administered Study/ Bursary Award)#

 
Allowance:

  • CDC/ CCC– University Bursary Tier 1: $4,000
  • Study Loan^ (allowance financing only): $3,600

 
Hostel grant:

  • Enhanced SUTD Education Opportunity Grant: $2,820 (for 2 terms. 3 terms of hostel fees will be covered for those admitted in AY2019, equivalent to $4,200 in total)

 
Total Annual Financial Package: $23,470

Conclusion: Educational expenses will be fully covered by the above schemes.

* The quantum of donor-supported Study/Bursary Award may vary between $5,000 to $8,000 according to demonstrated need, and other relevant terms & conditions.  Students may apply for donor-supported Study/Bursary Awards on a yearly basis.
# The tuition fee loan may be taken up if the recipient chooses to use the CDC/CCC University Bursary and MOE Bursary towards living allowance only.
^ Study Loan is interest free up to 5 years after graduation if PCI ≤ S$950.


On top of the Financial Aid Package to offset tuition fees, students who have been granted a Tuition Fee Loan and/ or CPF Education Scheme Loan can also apply for the Study Loan Scheme for living allowance to finance their daily expenses.