Financial Aid Calendar and Disbursement Schedule

Financial Aid Calendar

 Activity  Applicable  Date
Apply for NUS financial aid online
All interested students, including
prospective students who have applied for NUS admission or are registering in the new academic year
(a) Prospective Students
Apply after application for admission and by admission closing date
(b) Existing Students
Apply from 15 Jan to 1 Mar
Apply for NUS donated scholarships online
Existing students with Cumulative Average Point of 4.00 and above or grade average of B+
15 Jan – 1 Mar
Upload supporting documents via the application portal 
All financial aid applicants
Within two weeks of online submission date
Check outcome of financial aid application via online system
All financial aid applicants
From late Apr onwards
(prospective students)
From May onwards
(existing students)
Apply for Tuition Fee Loan (TFL) / CPF Education Scheme (CES) All interested students, including financial aid applicants By mid-Jul
Apply for MENDAKI Tertiary Tuition Fee Subsidy All interested students, including financial aid applicants By end Jul
Receive donated scholarship application results All donated scholarship applicants By mid-Aug
Sign NUS Study Loan agreement and/or NUS Student Assistance Loan agreement
All awardees of the respective schemes Jul - Sep
Receive proceeds from financial aid or scholarship award All financial aid and scholarship awardees

From 3rd week of Sep
From mid-Feb
(financial aid only)

 

Disbursement Schedule

 S/N Financial Aid Scheme  Application/Acceptance Timeline  Disbursement Timeline (funds credited will be reflected in Student Account in EduRec)  Usage/Receipt of Funds (funds credited will be reflected in student's bank account)
1 Tuition Fee Loan+ Apply by Jul (Sem 1)
Apply by Jan (Sem 2)
Apply after Jul/Jan
by mid-Sep (Sem 1)
by mid-Feb (Sem 2)
3 to 4 weeks from the application date
Funds will be used to offset your tuition fees
2 CPF Education Scheme+/MENDAKI Tertiary Tuition Fee Subsidy+ Apply by Jul (Sem 1)
Apply by Jan (Sem 2)
by mid-Sep (Sem 1)
by end-Jan (Sem 2)
Funds will be used to offset your tuition fees
3 PSEA+
(Standing Order)
Apply by early Aug (Sem 1)
Apply by early Dec (Sem 2)
by mid-Sep (Sem 1)
by end-Jan (Sem 2)
Funds will be used to offset your tuition fees and miscellaneous fees
4 PSEA+
(AD-HOC Withdrawal - TTF-Course)
Apply by mid-Aug (Sem 1)
Apply by mid-Jan (Sem 2)
4 to 6 weeks after application date Funds will be used to offset your tuition fees and/or miscellaneous fees
5 NUS Study Loan/NUS Student Assistance Loan Signed agreement by mid-Sep (Sem 1) 2 weeks after the agreement signed date Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-Oct
Signed agreement by end Jan (Sem 2) 2 weeks after the agreement signed date Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-Feb
Signed agreement after mid-Sep (Sem 1) and after end Jan (Sem 2) 2 weeks after the agreement signed date Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after the agreement signed date
6 Higher Education Bursary/ Residential Programme / Residential College Bursary

Accept by early Sep (Sem 1)

by mid-Sep (Sem 1)

Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-Oct

Accept by end Jan (Sem 2) by early Feb (Sem 2) Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-Feb
Accept after mid-Sep (Sem 1) and after end Jan (Sem 2) 2 weeks after acceptance Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after acceptance
7 NUS / Donated Bursary

Accept and fulfill terms and conditions* by early Sep (Sem 1)

by mid-Sep (Sem 1)

Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-Oct

Accept and fulfill terms and conditions* by end Jan (Sem 2) by early Feb (Sem 2) Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account by mid-Feb
Accept and fulfill terms and conditions* after early Sep (Sem 1) and after end Jan (Sem 1) 2 weeks after fulfilling the terms and conditions Funds will be used to offset any outstanding fees. Any balance will be credited to your bank account, 4 to 6 weeks after fulfilling the terms and conditions
8 Higher Education Community Bursary  
Please refer to the disbursement timeline at http://www.6954198.live/oam/financial-aid/bursaries/higher-education-community-bursary

+ Please refer to the Office of Financial Aid’s website at http://www.6954198.live/oam/financial-aid for the exact deadlines. 

* Please refer to your Financial Aid Acceptance letter which you can access via the Undergraduate Financial Aid Portal.

Note that date of disbursement of funds may vary depending on satisfactory compliance of pre-conditions and documentary requirements. To avoid undue delays, all applicants should read carefully and ensure early compliance with the instructions as well as terms and conditions indicated in the offer letter. If you require urgent disbursement of your financial aid funds, please approach our office for assistance.

Payment Sequence

The order of priority of payment by the various financial aid schemes for the payment of tuition fee and miscellaneous fees is shown below.
    - Scholarship that covers 100% of tuition fee / Mendaki Tertiary Tuition Fee Subsidy (TTFS)
    - SkillsFuture Credit
    - Post-Secondary Education Account (PSEA) Scheme 
    - Central Provident Fund (CPF) Education Scheme (CES) 
    - NUS Study Loan
    - Tuition Fee Loan (TFL)
    - Bursaries
    - GIRO deductions/NETS/others
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