Page 93 - NAFA-Diploma-Degree-Course-Guide-2020-2021

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

GOVERNMENT FINANCIAL SCHEMES

SKILLSFUTURE CREDIT MOE BURSARY AND CDC/CCC BURSARY SCHEME

From January 2016, all Singapore Citizens aged 25 and above will receive an initial S$500 SkillsFuture Credit from Singaporeans who are pursuing full-time diploma courses or the Bachelor of Music (Hons) course and are eligible for
the Government to pay for the course fees for attending work/skills-related courses. All NAFA diploma and degree the MOE Tuition Grant may apply for the MOE Bursary and CDC/CCC Bursary Scheme.
courses are eligible for the subsidy.
Successful applicants will receive bursaries to defray part of their course fees. Students with the following household
All eligible Singaporeans will be able to access their SkillsFuture Credit account via www.skillsfuture.sg/credit once income will qualify for the Bursary:
they receive their account activation letter. This credit will not expire and the Government will make periodic top-ups.

HOUSEHOLD INCOME QUANTUM PER ACADEMIC QUANTUM PER ACADEMIC
TERTIARY TUITION FEE SUBSIDY SCHEME FOR MALAYS • GHI: GROSS HOUSEHOLD INCOME YEAR (DIPLOMA) YEAR (DEGREE)
• PCI: PER-CAPITA INCOME
The Tertiary Tuition Fee Subsidy (TTFS) scheme is an education subsidy for Malay students, which covers their course
fees at tertiary institutions. PCI S$690 and below, or CDC/CCC Bursary (Tier 1) CDC/CCC Bursary (Tier 1)
GHI S$2,750 and below of S$2,750 of S$6,200
Malay Singaporeans and SPRs who are pursuing full-time diploma courses or the Bachelor of Music (Hons) course,
and are eligible for MOE Tuition Grant can apply for this scheme. PCI S$691 to S$1,000, or CDC/CCC Bursary (Tier 2) CDC/CCC Bursary (Tier 2)

The per capita monthly household income will determine the amount of the subsidy that the student is eligible for. GHI S$2,751 to S$4,000 of S$2,400 of S$5,000
The income criteria is based on a three-tier system where students who come from households with per capita
monthly household income of below S$2,000 will be eligible for the following TTFS subsidies: PCI S$1,001 to S$1,725, or MOE Bursary (Tier 1) MOE Bursary (Tier 1)
GHI S$4,001 to S$6,900 of S$1,900 of S$3,200

PER CAPITA INCOME (PCI) ELIGIBLE SUBSIDY PCI S$1,726 to S$2,250, or MOE Bursary (Tier 2) MOE Bursary (Tier 2)
GHI S$6,901 to S$9,000 of S$850 of S$1,350
S$1,400 and below 100%
Notes:
S$1,401 – S$1,700 75% 1 Gross Household Income (GHI) refers to the total gross monthly income of immediate family members, and non-immediate family members
living in the same household. Per-capita income (PCI) refers to gross household income (GHI) divided by number of immediate family
S$1,701 – S$2,000 50% members, and non-immediate family members living in the same household.
2 Students only need to meet one of the income assessment criteria (either PCI or GHI) to qualify for the bursary
Note: 3 If a student meets both the GHI and PCI assessment criteria, the bursary that accords the higher provision will be awarded to the student.
Computation of per-capita income = Total monthly gross income of family / Total number of family members 4 Students receiving the bursary may concurrently hold additional bursaries or scholarships (without monthly/annual living allowance)
Students may approach Yayasan Mendaki or visit the website at http://www.mendaki.org.sg/ for the criteria and to submit the online application at administered by NAFA or offered by other organisations, if they are assessed to be in need of further financial aid.
http://tfas.mendaki.org.sg/. There are two application windows in a year, between May to July and November to January. 5 The bursary is tenable on a yearly basis.
Students may also check with the Student Admissions Office on the criteria and application details of the above government financial scheme. 6 Students may apply the MOE Bursary and CDC/CCC Bursary in the same application submitted for the NAFA’s in-house Scholarships,
Merit Awards and Bursaries. Refer to www.nafa.edu.sg/scholarships for application details.
7 Students who missed the first application period (refer para 6) may still apply for subsequent rounds of MOE & CDC/CCC bursary
applications throughout the year. Details on subsequent rounds of application will be announced on the NAFA Studentnet via Office
of Student Affairs.
G R A N T S & S CH O L A R S H I P S G R A N T S & S CH O L A R S H I P S

86 87