Tuition fees and financial aid

The Tuition Fee Loan (TFL) finances up to 90% of the subsidised tuition fee payable by a Singaporean student.

Subject to eligibility, the Study Loan (SL) finances the balance of the subsidised tuition fee payable by a Singaporean student. In addition, a loan of up to $3,600 (maximum) per annum to help students meet their daily living expenses is available under the SL scheme.

Both TFL and SL however, do not cover the annual fees which need to be paid by the student. If the annual fees remain unpaid, the living allowance (LA) will used to offset against the annual fees before the net amount is disbursed to the student.

For further information and application, please go to Student Loans e-Portal. 

The approved Financial Aid(s) and/or Scholarship(s) payments will be posted to your online Statement of Account in due course depending on the approval date. If the Financial Aid(s) and/or Scholarship(s) do not cover 100% of your Tuition Fees, please arrange for the remaining balance to be paid by the other available payment modes. Please take note that you are still required to pay the mandatory Annual Fees if it is not covered by any of your Approved Financial Aid(s) and/or Scholarship(s).You do not need to pay on due date if your subsidized tuition fees is covered by Financial Aid(s).

Yes, the TFL/SL cover the tuition fee for all the terms including summer term (ie, Term 3). The financing also includes regular terms where a student goes on leave of absence but failed to apply for it within the stipulated deadline. 

Please visit our Student Loans e-Portal for more details.

Mendaki – No

Post-Secondary Education Account – Yes

CPF Education Loan Scheme – Yes

Tuition Fee Loan – Yes

Study Loan – Yes

If you are already on the Tuition Fee Loan (TFL) and/or Study Loan (SL) Schemes, you will continue to receive the same quantum of student loan financing, which is pegged to the subsidised tuition fee payable by a Singaporean student, until you graduate. Please write in to (studentloans@smu.edu.sg) to inform Student Loans Team of your extended study so that the loan tenure can be extended accordingly. 

If however, you are an International Student who was not on student loan financing schemes, you would not be eligible to apply for the financing as International Students are not eligible to apply for student loan financing if they are paying non-subsidised tuition fees. 

The student loans only cover subsidised tuition fees. Annual fees are not covered under these loans and would need to be paid separately to the University. 

Tuition Fee Loan - apply directly to OCBC Bank (wef 24 January 2024)

Complete the application form accordingly before printing out the hardcopy form

• Proceed to any of the OCBC FRANK retail stores or branches with hardcopy form and guarantor to complete application and signing process
• Physical NRIC/Passport and SMU Student Card and photocopies of each identification required for verification purposes (Freshmen who have not collected SMU Student Card may provide Enrolment Status Letter as proof of admission, by requesting for the letter via OASIS > Home > Finance & Admin > Certification & Personal Info > Enrolment Letter & Academic Summary)

Study Loan and/or Overseas Student Programme Loan

The loan application is done via your student portal OASIS > Self-Service Apps – Financial Aid Application (under “Policies and Self-Service Apps”) or > Finance & Admin > Fee Matters & Financial Assistance Schemes > Schemes & Obligations > Apply for Finance Aid (located at the end of the page)

• Financial Aid Type: Loan
• Financial Aid Form: Select as appropriate – (a) Study Loan; (b) Overseas Student Programme (OSP) Loan

All students are charged the mandatory miscellaneous fees regardless whether you are on Leave of Absence (LOA) for a term. These fees help defray the costs of student activity, registration, information technology, library services, group insurance and any other academic-related services.

The Tuition Fee Loan (TFL) and Study Loan (SL) finance only up to 90% and balance 10% (subject to eligibility) respectively of the subsidised tuition fee payable by a Singaporean student. Both TFL and SL however, do not cover the annual fees which need to be paid by you.

Thus, if you are a Singapore Citizen paying subsidised tuition fee and has not applied for Living Allowance (LA) under the SL scheme, the reminder is to prompt you that you have not paid the annual fees which are not covered by the TFL and SL schemes.

If you are a Singapore Citizen paying full fees due to studies (excluding Leave of Absence terms without fee obligations) beyond normal candidature of 8 terms, the reminder is to prompt you that there are partial tuition fee and/or annual fees which remain outstanding and have not been paid.

If you are a Singapore Permanent Resident (SPR) or International Student (IS), the maximum loan quantum of 100% and LA are unable to cover your full tuition fee. The reminder is consequently a notice to prompt you that you have outstanding tuition fee and/or annual fees not paid.

Should you have unpaid annual fees and/or remaining tuition fee not financed by TFL, SL and LA, you would need to settle them by the various payment modes available.

If you are still unsure of the balance tuition tee to pay after taking into account your approved loans, you may like to make use of the online Tuition Fee Calculator to simulate the Net Tuition Fee Payable Amount (ie, net amount payable after approved loans financing).

If you have been approved of financial aids prior to the start of the term, the financial aids will be reflected in your online Statement of Account after verification, by Week 3 of the term. You would need to settle the balance outstanding (including annual fees, where applicable) not financed by the financial aids before the payment due date which is 30 days from billing date. If you are still unsure of the balance tuition fee to pay after taking into account your approved financial aids, you may like to make use of the online Tuition Fee Calculator to simulate the Net Tuition Fee Payable Amount (ie, net amount payable after approved loans financing).

If however, you have been approved of your financial aids only after term starts, the financial aids will be reflected in your online Statement of Account within 4 to 6 weeks after the financial aids have been awarded to you.

Should there be insufficient funds in your PSEA account or the CPF account, please do note that your online Statement of Account will be adjusted accordingly subsequently after confirmation with MOE and CPF Board.

Please check your account for outstanding fees. Upon successful payment updates, your account would be lifted within 48 Hours

Effective 20 January 2024, Oversea-Chinese Banking Corporation Limited ("OCBC") will take over the administration of your Tuition Fee Loan, Study Loan and/or Overseas Student Programme Loan from Singapore Management University ("SMU").  Please contact OCBC directly.

For SMU Education Loan & SMU Computer Loan, please fill in the Update Contact Details form to update your contact details for your loan matters.

If you are already on the Tuition Fee Loan (TFL) and/or Study Loan (SL) Schemes, you will continue to receive the same quantum of student loan financing, which is pegged to the subsidised tuition fee payable by a Singaporean student, until you graduate.

You would however, need to write in to (studentloans@smu.edu.sg) to inform Student Loans Team of your extended study so that the loan tenure can be extended accordingly.

1. Online payment via Student Self-Service (OASIS app: Fee Payment).
2. GIRO (Paying bank) for Undergraduates only.
3. Credit Card -At SSH office (Opp Dental@Uni)
4. NETS - At SSH office (Opp Dental@Uni)

Please visit our Student Loans e-Portal for more details.

Upon successful payment updates, your account would be lifted within 48 Hours

Access denied, page not found or internal server error.

Please contact IT Help Centre at Tel: 6828 0123 or email: helpdesk@smu.edu.sg

Students may pay the bills by logging in to OASIS > Campus Finance> Make a Payment.

This is a group insurance purchased on behalf of all students studying in SMU; as such it is mandatory that all students pay for the miscellaneous fees.

The insurance is to cover you for Hospitalisation, Medical and Personal Accident for emergencies that may occur when carrying out student activities.

There are 4 components to Annual Fees

1. - Student Activities
2. - Insurance
3. - Hospitalisation & Medical- Insurance
4. - Personal Accident- IT Facilities

Yes, if the programme or study trip is approved by SMU as an enrichment programme (summer course).

Students will be notified via email of any charges (and its payment due date) posted to their online Statement of Account.

Students may view their online Statement of Account by logging in to OASIS > Campus Finance> Account Inquiry.

There are 4 components to Annual Fees

1. - Student Activities
2. - Insurance
3. - Hospitalisation & Medical- Insurance
4. - Personal Accident- IT Facilities

Complete the GIRO Bank Account Termination Form at OASIS > Self-Service > Maintain Bank Accounts > Add Paying Bank Account, select Cancellation.

Please complete the online form, print the form, sign on the hardcopy form and then submit to Office of Finance at the available drop box at:

• 1st floor, Administrative Building

• SSH Office (Opp Dental@Uni)

If a student drops a course for Term 3A within the first 3 days of Term 3A, there will be 60% refund of the tuition fee paid/Charged for Term 3A. Thereafter, there will be no refund.

Students who have opted to pay their tuition fee by education loans will have to clear the fees due for the term and outstanding loans with CPF Board.

The insurance coverage includes:-

• Group Personal Accident Coverage that is a 24 hours worldwide coverage, which covers accidental death, accidental permanent disablement, outpatient accident medical reimbursement, and physiotherapy reimbursement.

• Outpatient GP Consultation Coverage• Outpatient Specialist Consultation Coverage

• Hospitalisation and Surgical Coverage To find out more on the coverage and claims, please visit student life website at: https://www.smu.edu.sg/campus-life/health-and-safety/student-insurance-coverage/student-insurance-coverage.

If a student drops a course for Term 3B within the first 3 days of Term 3B, there will be 60% refund of the tuition fee paid/Charged for Term 3B. Thereafter, there will be no refund.

Students who have opted to pay their tuition fee by education loans will have to clear the fees due for the term and outstanding loans with CPF Board.

Please be informed that no invoice will be issued. Instead, all charges will be posted to your online Statement of Account.

To view your online Statement of Account, please login to Account Inquiry App.

Annual Fees are subjected to vary yearly review. For the latest annual fees payable, please visit https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant

Login to OASIS > Self Service > Campus Finances > Account Inquiry.

Penalty charge of up to S$10 (if any) may be imposed if students fail to settle all outstanding fees after due date and will be put on Finance Hold.

A notification email will be sent to inform students who are on Finance Hold.

Students will NOT be allowed to view their examination results and bid for courses in BOSS.

it is not necessary for you to write in to Student Loans to enquire or inform on the admin hold on your account if you have already settled the balance of the tuition fees and annual fees (if applicable) not financed by student loans.

Notwithstanding that your loan application may be under processing (ie, loan application status not showed as "Awarded" yet) when the BOSS bidding exercise starts, you will not be affected and will still be able to do bidding if the outstanding balance in your account is pending the disbursement of the student loans.

Please note that cash payment is not accepted in SMU.

Possible reasons for declined transaction:

1. Expired card or wrong expiry date.
2. General decline of the card. No other information was provided by the issuing bank.
3. Insufficient funds in the account.
4. Inactive card or card not authorized for card-not-present transactions.
5. The card has reached the credit limit.
6. Invalid CVN. Please ensure you have entered the credit card details correctly.

Alternatively, you may try using another card. If you wish to find out the reason of declined transaction, please check with your issuing bank.

You may communicate with Office of Finance on the following:

1) PSEA, CPF, Mendaki, SkillsFuture and Tuition Fees-related matters

• a) OASIS - https://oasis.smu.edu.sg/Pages/OFN/Contact-Us-OFN-CSFA.aspx
• b) SMU Main page - https://ofnsupport.smu.edu.sg/hc/en-us/requests/new

2) Please visit our Student Loans e-Portal for student loan matters.

The normal candidature period* (single and double degree) is 4 years. Students should attempt to graduate within the normal candidature period. The candidature period includes time taken to fulfill the internship and community service requirements, as well as time taken to undertake external study programmes (such as international exchange programme).

Leave of absence that has been approved will not be counted within the candidature period.

During the period of candidature, generally, a student must enroll for at least 1 course unit and not more than 5.5 course units of study per term.

*Government funding for undergraduate education in which every undergraduate student admitted is only funded up to the normal candidature of four (4) years.

If a student has yet to graduate after the 4th year of study, there will be no further Tuition Grant from the government to fund this student. Full tuition fee will then apply, as stipulated in OASIS (please refer to Home>Academic>Advisement & Curriculum>Period of Candidature for more information)

For students who have applied and are successful in the application for internship placement in the summer term (Term 3), 100% of the tuition fee will be refunded if you drop Term 3A/3B courses during BOSS 2.

For students who drop Term 3A/3B courses after BOSS 2, there will be no refund and the grade of “W” will be recorded.

You can view the previous submission under OASIS > Self-Service > Maintain Bank Accounts > Add Paying Bank Account.

Payments from the University to the students are managed via interbank giro. You must, therefore, register your receiving bank account information with the University.

A bank account registered and not belonging to you (singly or you not being a joint account holder) will not be accepted.

Please login to OASIS > Self Service > Campus Finance > Maintain Bank Accounts > Receiving Bank Account Details

If you are already on the Tuition Fee Loan (TFL) and/or Study Loan (SL) Schemes, you will continue to receive the same quantum of student loan financing, which is pegged to the subsidised tuition fee payable by a Singaporean student, until you graduate. No action is required from you as Office of Finance would have already extended your loan tenure accordingly based on your approved LOA application.

However, if you are not on student loan financing schemes and would like to apply for the financing, you may do so when the application window opens. Please note that International Students who are paying non-subsidised tuition fees are not eligible to apply for the student loan financing.

Please visit our Student Loans e-Portal for more details.

If you pre-terminate your studies or withdraw your studies from SMU without completing your course of study, the loans that you have taken out during your stay at SMU will become immediately due and repayable in full.

Interest will be chargeable with effect from the first day of the month following the termination if the loans remained outstanding.

For UG withdrawal, please visit SMU UG Withdrawal.

For PG withdrawal, please visit SMU PG Withdrawal. 

The effective date will be the date which students present their official documents to Office of Registrar. Any adjustment on the tuition fees will be made if the effective date falls before the start of academic term. Otherwise, the fee adjustment will take effect from the following academic term(s).

Miscellaneous fees are fees charged for registration, information technology, library, sports-related, student activity, insurance and other orientation and academic-related services. They are compulsory and are payable prior to the start of the new academic year.

If you have applied for student loan financing but the loan application (i) has not been approved or (ii) has been approved but the loans have not been disbursed to your account, it is not necessary for you to settle the full tuition fee.

You are required to settle only the remaining balance of your tuition fee not financed by the student loans and the mandatory annual fees (if applicable) if the annual fees are not covered by any of your approved financial aids or scholarship.

As the CPFELS is ranked in higher priority in terms of disbursement (based on the order stipulated by MOE), the CPF funds will be disbursed first to finance your tuition fee. The TFL and SL will be disbursed accordingly to cover the balance outstanding tuition fee only if there is insufficient CPF funds to pay off the full tuition fee. Consequently, you would not be able to utilise the CPF funds last.

Besides, the TFL and SL cover 100% of the subsidised tuition fees payable by a Singapore Citizen. If you are a Singapore Citizen and eligible for both TFL and SL, you will not require CPF Loan and may wish to consider revoking the CPF arrangement.

If however, you are a non-Singapore Citizen, you may specify the percentage of CPF funds you wish to utilise when submitting the application to CPF Board so that the balance outstanding tuition fees will be financed by the TFL and SL. Please however, note that CPF, TFL and SL do not cover the annual fees which need to be paid by you.

Fees are payable in two instalments in a year – at the beginning of the first and second semesters. Fees for special term courses are payable separately. 

As an International Student, you will not be able to finance your tuition fees fully with the various financial assistance schemes as the Tuition Fee Loan (TFL) and Study Loan (SL) finance only up to 90% and balance 10% (subject to eligibility) respectively of the subsidised tuition fees payable by a Singaporean student.

Should you be eligible for the Study Loan Living Allowance (LA), the scheme may potentially provide additional financing of up $1,800. 

Nevertheless, if you are a Singapore Permanent Resident (SPR), you would be able to fully finance your tuition fees if you are eligible for all of the above 4 financial assistance schemes.

Please visit our Student Loans e-Portal for more details.

Tuition Fee Loan applications are to be submitted to OCBC Bank.

Please note that it is compulsory to indicate your SMU Student ID (e.g. 01234567) in the TFL application form, or your application will be rejected by the bank. Prospective students should apply for the TFL only after they have received their SMU Student ID/Card.  Those who have not collected SMU Student ID/Card may provide a copy of the Enrolment Status Letter as proof of admission, which can be requested via OASIS > Home > Finance & Admin > Certifications & Personal Info > Enrolment Letter & Academic Summary.

Study Loan applications, you can apply via your student portal OASIS > Self-Service Apps – Financial Aid Application (under “Policies and Self-Service Apps”) or > Finance & Admin > Fee Matters & Financial Assistance Schemes > Schemes & Obligations > Apply for Finance Aid (located at the end of the page)

• Financial Aid Type: Loan
• Financial Aid Form: Select as appropriate – Study Loan

Please visit our Student Loans e-Portal for more details.

You may use the Student Financial Needs Calculator to help determine if you are eligible and to find out the type and quantum of financial aid that you may qualify for. 

The financial loan schemes only cover subsidized tuition fees. Miscellaneous fees are not covered under these loan schemes and are usually paid separately to the University.

SMU has a comprehensive range of financial aid schemes to help students in the payment of their tuition fees. These schemes cover only the subsidised tuition fees. They do not cover the miscellaneous fees charged by SMU. Please click here for more details.  

You will be asked to indicate your choices of scholarships in the online application form for admission. If you have submitted an online application for admission without having indicated your choices of scholarships, you may do so by applying for scholarships through Applicant's Self Service. 

Please click here for more information.

As the CPFELS is ranked in higher priority in terms of disbursement (based on the order stipulated by MOE), the CPF funds will be disbursed first to finance your tuition fee. The TFL (subject to the percentage as specified in your application) will only be disbursed to cover the balance outstanding tuition fee if there is insufficient CPF funds to pay off the full tuition fee. Consequently, you would not be able to opt to utilise the CPF funds last. 

That said, if you want wish to maximise the TFL financing, you would need to specify the percentage (10%) of CPF funds you wish to utilise when submitting the application to CPF Board so that the balance outstanding (90%) tuition fees will be financed by the TFL. 

Please click here for details on scholarships. 

If you are approved of your scholarship application and awarded a scholarship with cash allowance:

• Prior to the start of the new academic year of study – The cash allowance will be credited to your receiving bank account established with the University via inter-bank giro transfer by Week 7 of each regular term of study.
• After the new academic year of study has started – The cash allowance will be credited to your receiving bank account established with the University via interbank-giro transfer within 4 to 6 weeks after the scholarship has been awarded to you.

Students must first matriculate before they apply. Apply online via OASIS Applicant's Self Service.

The scholarship will automatically be used to offset against your tuition fee if the quantum is less than $8,000 per year. 

If however, the scholarship quantum is at least $8,000 per year, the first $8,000 (ie, $4,000 per regular term) shall be disbursed to you as living allowance while the balance will be used to pay off any outstanding tuition fee (in equal amount for each regular term). 

Where there is no outstanding tuition fee, the full quantum for the term will be paid to you.  

You would need to pay the annual fees as the scholarship quantum will not used to offset against the annual fees. Should you wish to use the scholarship allowance (ie, wait for the scholarship allowance to be received and use the allowance) to pay the annual fees, you will find that there will be a finance hold on your account in the meantime as you will only receive the scholarship allowance sometime in end of Week 8 of the term.   

Tuition fees do not include accommodation, miscellaneous fees, cost of books and study materials and living expenses.

Tuition Grant (TG) is a grant from the Singapore Government to help students manage the costs of full-time tertiary education in Singapore. It is applicable to eligible Singapore Citizens (SC), Singapore Permanent Residents (SPR) and International Students (IS) enrolled in full-time diploma or undergraduate courses at the autonomous universities, polytechnics and art institutions. For more information and application, please go to Tuition Grant Subsidy scheme located on the Ministry of Education (MOE) website or call the MOE Tuition Grant Section Hotline at 65-6872 2220. 

The TG thus, enables an eligible student to pay tuition fees at subsidised rates. It does not however finance the tuition fees payable. Should a student require financing to pay for his/her subsidised tuition fees, the student may apply for the various available financial assistance schemes. 

For further information and application, please go to the Financial Assistance Schemes website or visit our Student Loans e-Portal.

DDP students are required to pay the higher of the tuition fees if both degree programmes are priced differently e.g. Law students pay the higher tuition fees. 

Your tuition fee will be deducted by the following order of priority as stipulated by MOE (with 1 being the highest priority to be disbursed first) :

1. Mendaki Tertiary Tuition Fee Subsidy (TTFS),
2. Scholarship/bursary (per gift agreement),
3. SkillsFuture Credit,
4. Post-Secondary Education Account (PSEA),
5. Central Provident Fund Education Loan (CPF Loan),
6. Student Loans – (i) Tuition Fee Loan (TFL), (ii) Study Loan (SL), (iii) Study Loan Living Allowance (LA)

The Overseas Student Programme (OSP) Loan Scheme is aimed at enabling more Singaporean students to take advantage of various overseas experiences so as to gain international exposure and consequently develop a more global mindset. The loan scheme is available for students participating in OSPs approved by SMU.

For more information and application, please go to Overseas Student Programme Loan or visit our Student Loans e-Portal for more details.

If you are a non-Singapore Citizen, you would need to find alternative financing to fund your overseas experience, That said, grants and scholarships are available to help students (including non-Singaporean students) defray part of their costs. Should you be eligible, you may wish to consider applying for these schemes. For further information and application, please go to the Financial Assistance Schemes website. 

Students paying unsubsidised tuition fees are not eligible for any financial aid or scholarships administered by Singapore Ministry of Education (MOE) or SMU.

For more information on the financial aids (PSEA, CPF, Scholarships, Bursary, Student Loans, etc), kindly go to your OASIS portal to view the summary for the past semesters.

If you are a Singapore Citizen or Singapore Permanent Resident but pursuing any SMU post-graduate programmes, you would need to approach one of the commercial banks or financial institutions to apply for an education loan. 

Loan financing is generally not available to International Students who are on post-graduate programmes in Singapore. That said, if you are a post-graduate student of Indian nationality, you may wish to consider checking with State Bank of India Singapore Branch which offers student loans exclusively for students from India who have secured admission in selected educational institutions for higher studies in Singapore, to enquire if the student loans are also extended to post-graduate programmes. 

The MOE Tuition Grant is a grant provided by the Government of Singapore to help students manage the costs of full-time tertiary education in Singapore. Eligible Singapore Citizens, Permanent Residents and international students enrolled in full-time undergraduate courses at the autonomous universities may receive it.

You are eligible to take up a Tuition Grant if you have not previously taken a Tuition Grant or received sponsorship/scholarship from the Government of Singapore to attain another qualification at an equal or higher level.

Eligible Singapore Citizens are automatically awarded a Tier A Tuition Grant, which is the highest level of tuition fee subsidy, when you commence your studies. Singapore Citizens thus pay the lowest tuition fees. There is no bond obligation.

Eligible Permanent Residents may choose to apply for a Tier B Tuition Grant only. Successful applicants 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 available for international students, and selection is competitive and based on merit. Successful applicants are required to work for a Singapore entity for three years upon graduation. Those who are not eligible for, or choose not to take the grant, will pay the non-subsidised tuition fees and will not be bound by the three-year work obligation.

There are Tuition Grant implications for the following categories of students:

1. Applicants holding degrees from the publicly-funded Singapore tertiary institutions

2. Transfers within SMU or from the other publicly-funded Singapore tertiary institutions

3. Re-admitted undergraduates

For full details of this scheme and frequently asked questions, please refer to the MOE website. 

Depending whether your awarded bursary is an allowance or one that is used to offset your tuition fee.

If the awarded bursary is an allowance, the allowance will be paid to you to the bank account that you have in OASIS. You may use the bursary to pay off the balance fees when you received the funds in your bank account.

You would need to check the terms and conditions of your scholarship to find out if you are eligible for other financial aids. Please ensure that you do not breach the terms and conditions of your scholarship. If however you are unsure, do contact your sponsor or Centre for Student Financial Assistance (CSFA) (finasst@smu.edu.sg) (if applicable) for clarity.

Should you need to cease the loan disbursement, please write in to Student Loans Team studentloans@smu.edu.sg (provide your campus ID) and visit our Student Loans e-Portal > Loan Repayment for details on how to repay your loans.

There are several financial assistance schemes (FAS) available at SMU to assist undergraduates in managing their educational expenses, from financing of tuition fees, daily expenses to participating in overseas student programmes. 

For more information and application, please go to the Financial Assistance Schemes website

Yes. Scholarships are available to all outstanding local and international students. Please visit https://admissions.smu.edu.sg/scholarships for the list of scholarships available.

If student is on internship and has yet to complete his/her coursework requirements, he/she is liable for tuition fee unless Leave of Absence (LOA) is applied and granted (approved ) for that period.

To be eligible for the various University bursaries (eg, SMU Bursary, SMU Access), your tuition fees need to be funded by loan schemes or subsidies and covered up to 90% of the subsidised tuition fees payable by a Singaporean student. 

The loan schemes/subsidies are available for application during several application windows in an academic year and the application dates, other than being announced via emails, are published in the following:

1. OASIS under "Announcements", "SMU" tab
2. SMU website https://www.smu.edu.sg/campus-life/financial-matters/financial-assistance-schemes (under the individual schemes)

If you are applying to change your primary degree programme in year 2, you shall be liable for payment of the prevailing rate of tuition fees applicable to the new programme if approved.

National Servicemen will lose the fee privilege granted for admission to the previous programme.

The Office of Registrar will inform you on the outcome of your application.

Student is required to pay the regular term fees regardless of the number of courses registered. If you only have one (1) course remaining before graduating in your final regular term, please approach your School Manager to appeal for single course billing, subject to approval.

Students will be notified via email of any charges (and its payment due date) posted to their online Statement of Account. Students may view their online Statement of Account by logging in to OASIS > Finance & Admin > Fee Matters & Financial Assistance Schemes > Account Inquiry.

The various financial assistance schemes (Mendaki Tertiary Tuition Fee Subsidy, PSEA, CPF Education Loan Scheme, Tuition Fee Loan and Study Loan) to help fund your tuition fees have application windows and the application dates. Other than being announced via emails, they are published in:
1. OASIS under "Announcements", "SMU" tab

2. SMU website https://admissions.smu.edu.sg/financial-matters/financial-aid

Due to confidentiality reason, the CPF Account Holder will have to contact CPF Board directly either via call or email personally to find out the reason for rejection.

• CPF Hotline: 1800-227-1188 (local)
• CPF Education Scheme email: education@cpf.gov.sg
• CPF Education Scheme fax: 6229-3243

Yes. Students on local or international exchange are to arrange for SMU tuition fee to be paid for the term participation in the exchange programme.

Annual fees are not included in the tuition fee and not covered by tuition grant. These fees are charged for information technology, student activities and insurance. They are mandatory and are payable once a year prior to the start of the new academic year.

If you applied for your PSEA funds to offset your tuition fees or have applied for any financial assistance scheme (eg. bursary, loan), it will be deducted or disbursed to offset your tuition fees. Any excess payment would be refunded to you in accordance to the mode of your tuition fee payment.

Students who have completed the coursework requirements for their degree but not their internship need not pay tuition fees for the remaining term(s) while fulfilling their internship.

Unlike the regular terms, the tuition fee for Term 3 is priced on a per course basis and is subject to revision without prior notice. To find out the charges of Term 3 course fees, log in to OASIS > Self Service > Campus Finances > Account Inquiry.

Payment mode via Giro starts only from Term 2 of study. Do ensure that the application status is Approved for GIRO to be in effect. You can check the status in OASIS > Self-Service > Maintain Bank Accounts > Add Paying Bank Account.

For single module billing charge queries, you may enquire with http://ofnsupport.smu.edu.sg.

If you have existing loans with us, your Tuition Fee Loan and Study Loan will finance up to 90% or 10% (respectively) of the Singaporean subsidized tuition fees for your single course billing. Please visit our Student Loans e-Portal for more details.

For payment via online credit card and AXS, please retain copy of the receipt generated from the system supported with your Statement of Account (Can be obtained from Account Inquiry App) for your necessary claims.

For payment via any other modes, please email to Office of Finance at accountenquiry@smu.edu.sg

If the withdrawal is effected within the first 2 weeks of the term, tuition fees charged would be reversed.

We have a range of financial loan schemes to assist students in the payment of the tuition fees. Please note that these loan schemes cover the subsidized tuition fees and exclude the non-tuition fees charged by the University. Detailed information on the application for these loans will be sent to the students in the Matriculation Pack. Please visit our Student Loans e-Portal for more details.

There was a change in 2006 in government funding for undergraduate education in which every undergraduate student admitted from Academic Year 2006-07 or thereafter is only funded up to the normal candidature of four (4) years.

If a student has yet to graduate after the 4th year of study, there will be no further Tuition Grant from the government to fund this student.

Full tuition fee will then apply, as stipulated in OASIS (Refer to OASIS> Academic > Advisement & Curriculum > Period of Candidature.)

Please log in to Account Inquiry App to view the due date for each charges.

Term Fees will be posted to your account 2 to 3 weeks before the start of regular term. A notification email will be sent to all students via your respective SMU email account of any new charges and your relevant charges will be posted to your online Statement of Account. To view your online Statement of Account, please login to Account Inquiry App.

You are not restricted to apply for bursary should you be contemplating to apply for leave of absence. Your bursary application, if approved, is awarded for one year of your academic studies.

Payment is made in each regular term of your study and subject to you being in active term of study.

Your Tuition Fees will vary depending on your admit term. For the latest fees payable, please visit https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant

Students will be notified via email of any charges (and its payment due date) made to their online Statement of Account. Students may view their online Statement of Account for details on the charges and its outstanding amount by logging in to OASIS > Finance & Admin > Fee Matters & Financial Assistance Schemes > Account Inquiry.

Generally, a bursary is tenable for one year of the recipient’s academic studies.

To continue to receive such financial assistance, a new application is required to consider the applicant’s eligibility for a subsequent year’s award.

Your Tuition Fees will vary depending on your admit term. For the latest fees payable, please visit https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant

Step to apply for GIRO to pay your school fees as follow:-

You need to get ready the following before applying for Interbank GIRO:

• A - Name of Payer's bank
• B - Payer's bank account number
• C - Payer’s name as reflected in their bank statement or bank book
• D - Access to a printer to print out the generated Interbank GIRO Application Form Log in to OASIS > Self-Service > Maintain Bank Accounts > Add Paying Bank Account.

Step 1: Complete the Interbank Giro Form online with the information from A, B and C.

Step 2: Click "Submit"

Step 3: Print GIRO Application Form (this may take a few minutes)

Step 4: Print the generated PDF document

Step 5: Payer to sign the document with signature as per bank records

Step 6: Student to submit the hard copy form to Finance Office (Level 1 of Administration Block or SSH Office Opp Dental@Uni )

The fees charged are normally due in 30 days for Term billing. For trips and adhoc charges, it would be dependent on the programme manager.

For the latest Mendaki application dates, please visit the website https://admissions.smu.edu.sg/financial-matters/financial-aid/mendaki-tertiary-tuition-fee-subsidy

Your tuition fees will be paid forth by your PSEA Account first before any deduction on the balance outstanding fee is made from your Bank Account.

If you have applied through the Standing Order PSEA Application Form, we will deduct whatever balance you have in your PSEA Account.

If you have applied through the Ad-hoc PSEA Application Form, we will claim the stated amount on the form subject to the balance available in your PSEA Account.

Please check with MOE to ensure that you have sufficient balance in your PSEA Account when filling out the PSEA Ad-hoc Application Form.

Your Tuition Fees will vary depending on your admit term. For the latest fees payable, please visit the website https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant

For the latest PSEA application dates, please visit the website https://admissions.smu.edu.sg/financial-matters/financial-aid/post-secondary-education-account-psea-scheme

Only Visa or Mastercard will be accepted.

Credit Card payment is subject to the credit limit as granted by your bank. Please log in to OASIS > Self Service > Make A Payment

Generally, concurrent receipt of two awards in the same year of study may not be allowed. However, this may vary between awards. You would need to refer to the eligibility criteria and/or the terms and conditions of award.

If you wish to seek further clarification, you may send your email to the Centre for Student Financial Assistance (finasst@smu.edu.sg), providing details of the schemes you are enquiring on.

For the latest CPF application dates, please visit the website https://admissions.smu.edu.sg/financial-matters/financial-aid/cpf-education-loan-scheme

Your Tuition Fees will vary depending on your admit term. For the latest fees payable, please visit the website https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant

A guarantor should guarantee a maximum of 2 student loans. If however, you are unable to find a suitable alternative guarantor and your guarantor is prepared to act as the guarantor of your student loans, depending on the loan in which you are intending to apply for, you may approach the following to appeal for exceptional approval to be granted, on a case-by-case basis, for your proposed guarantor to be allowed to guarantee more than 2 student loans.

(a) Tuition Fee Loan - visit any OCBC FRANK retail stores or branches during operational hours

(b) Study Loan/Overseas Student Programme Loan - write in to Centre for Student Financial Assistance (finasst@smu.edu.sg)

Prior to the appeal, you would need to ensure that you highlight to your guarantor of the additional financial obligations that he/she needs to shoulder should, for some unfortunate reasons, the loans that he acts as a guarantor for, default.

Full-fee paying International Students are not eligible to apply for any loan schemes. However, if you are unable to fund your education, you may consider applying for a bursary or emergency relief fund (subject to eligibility). For further information and application, please go to the Financial Assistance Schemes website

Please refer to the this link Documents Required for the list of documents required to support your loan application.

If however, you are applying for student loans which are subject to household income assessment (ie, PCI assessment), you would need to submit the relevant supporting documents to substantiate your application.

Your guarantor may not be a full-time student. As he intends to pursue full-time education after he completes National Service, we would encourage you to look for an alternative guarantor due to the financial burden that he would need to shoulder should for some unfortunate reasons, the loans that he acts as a guarantor for, default during his full-time education.

The financing under the Tuition Fee Loan (TFL) and Study Loan (SL) Schemes is not sufficient to cover the tuition fees payable by you. As such, the Living Allowance (LA) which is disbursed over 2 terms annually has been used to offset the outstanding tuition fees.

All guarantors based in Singapore must come to OCBC Bank with the student to sign the loan agreements in the presence of a bank officer.  The same guarantor stated on the application form must be present when the student signs, and that guarantor must continue to comply to the requirements. If not, the loan application will be rejected.

If the guarantor is not in Singapore, please follow the instructions stated in OCBC website.

Application for financing under the TFL/SL schemes applications is one-time only. If you are approved of your application, you do not need to submit a new application in your subsequent years of study. The financing will take effect from the approved term and shall remain for the remaining tenure of your course of study (including summer term) unless you inform Student Loans Team (studentloans@smu.edu.sg) that you have alternative financing and do not require the loan disbursements.

Once your application has been approved, a notification will be triggered by OCBC Bank to inform you on the application status.

The application window for student loan financing opens twice an academic year (students will be notified via emails of the exact dates):

• (a) between May and September,
• (b) between December and February

If you miss the application windows stated above, you can wait for the application window to open before the start of the next academic term. 

Please visit our Student Loans e-Portal > Loan Application for more details.

International Students currently overseas can open a local bank account with DBS without being physically present in Singapore. It will take 3-5 working days to get the account opened (from the application and submission of the full supporting documents online). The links can be found below.

Applicants will just need to upload the supporting documents during their online application. 

1. Online Opening of personal account:

https://www.dbs.com.sg/personal/deposits/bank-with-ease/addon-casa

2. Supporting Documents required for the online account opening, under the section: “Foreigner (Studying in Singapore)”

https://www.dbs.com.sg/personal/support/bank-account-opening-documents-required.html

The Tuition Fee Loan (TFL) finances up to 90% of the subsidised tuition fee payable by a Singaporean student. Subject to meeting the eligibility criteria, you may apply for SL to finance the remaining 10% of the subsidised tuition fee payable by a Singaporean student and if applicable, an annual living allowance (LA) of $3,600 (maximum).

Therefore, if you had opted for only TFL when you applied for loan financing, you will need to pay the balance fees not financed by the TFL.

In addition, the annual fees are not covered under the loan financing. You will need to pay for these charges every Term 1. However, if you are a Singaporean student who is eligible for SL and had opted for SL with LA, you do not need to pay any fee as the LA can be used to offset the annual fees.

For further information and application, please visit our Student Loans e-Portal for more details.

A guarantor for the TFL needs to meet the following eligibility criteria: 

• (a) Must be at least 21 years old and below 60 years old 
• (b) Must not be an undischarged bankrupt or a student pursuing full-time education 
• (c) May not serve in this capacity for more than two outstanding student loans, including the loan being applied for

And one of the following conditions: 

• (i)   Must be a Singapore Citizen for an applicant who is a Singapore Citizen 
• (ii)  Can be either a Singapore Citizen or a Singapore Permanent Resident for an applicant who is a Singapore Permanent Resident 
• (iii) Can be of any nationality for an applicant who is a non-Singaporean/Singapore Permanent Resident

Student loans and scholarship are separate financial assistance schemes. Award of the loans and bursary are based on separate eligibility criterias. You may hence, apply for loans and scholarship concurrently. That said, you will need to act accordingly to ensure that you do not breach the terms and conditions of your scholarship. 

Application for financing under the TFL/SL schemes applications is one-time only, regardless of change in course plan. If you are approved of your application, you do not need to submit a new application even though you may be pursuing a different course in your subsequent year of study. The financing will continue with amount adjusted accordingly (where applicable) until you complete your course of study (including summer term) unless you inform Student Loans Team (studentloans@smu.edu.sg) that you have alternative financing and do not require the loan disbursements.

Student loans and CPF Loan are separate financial assistance schemes. . You may hence, apply for both loans concurrently. However, the CPF Loan will take precedence in terms of disbursement priority (as stipulated by MOE).

Tuition Grant (TG) is a grant from the Singapore Government to help students manage the costs of full-time tertiary education in Singapore. It is applicable to eligible Singapore Citizens (SC), Singapore Permanent Residents (SPR) and International Students (IS) enrolled in full-time diploma or undergraduate courses at the autonomous universities, polytechnics and art institutions. For more information and application, please go to Tuition Grant Subsidy scheme located on the Ministry of Education (MOE) website or call the MOE Tuition Grant Section Hotline at 65-6872 2220.

Tuition Fee Loan (TFL) is a loan to help students who require financial assistance to pay the tuition fee. It will help students finance up to 90% of the tuition fee payable by a Singaporean student. The TFL is interest-free during the course of study and repayable after graduation. For more information and application, please go to Tuition Fee Loan or visit our Student Loans e-Portal for more details.

It is not a requirement that your guarantor has to be in employment. Guarantors must however, meet the eligibility criteria as set out in the application instructions. For more information on the eligibility criteria for guarantors, please go to Student Loans e-Portal > Loan Application.

It is not a requirement that your guarantor has to be in employment. Hence, is not necessary to produce any income statement unless you are applying for a student loan that requires household income assessment (ie, PCI assessment). For more information on the eligibility criteria for guarantors, please go to Student Loans e-Portal > Loan Application

As there is concern that they may be misled into signing legally binding documents and to safeguard their interest, the visually impaired are not allowed to be guarantors of the student loans. Hence, the visually impaired person whom you are proposing to be guarantor will not be able to act as your guarantor even though he may have met the other eligibility criteria of a guarantor. 

If your proposed guarantor is hearing impaired and is able to read English, he may act as your guarantor as he would be able to understand and be aware of his obligations and responsibilities under the loans. He would however, not be able to act as your guarantor if he does not meet the eligibility criteria of a guarantor. 

If your guarantor does not meet one of the eligibility criteria due to (a) age exceeding the maximum age allowed or (b) nationality because you are the only family member who is a Singapore Citizen or Singapore Permanent Resident, you would need to demonstrate that you have attempted all efforts but were unable to find a suitable alternative guarantor.

Depending on the loan in which you are intending to apply for, you may approach the following to assist you to put forth an appeal on your behalf, to the relevant authority, for exceptional approval to be granted on a case-by-case basis.

(a) Tuition Fee Loan - visit any OCBC FRANK retail stores or branches during operational hours

(b) Study Loan/Overseas Student Programme Loan - write in to Centre for Student Financial Assistance (finasst@smu.edu.sg)

Financing under the TFL/SL schemes is effective from the approved term and may not be back-dated to prior terms. 

If you have outstanding tuition fees from prior terms that have not been paid, you will need to find alternative source of financing to settle them. 

All Singapore Citizens, SPRs, foreigners pursuing MOE-subsidised UG programmes at SMU except the following: 

• Students on Government/ Statutory Board/ any scholarship 

• Students receiving full subsidy from Mendaki 

• Students using 100% CPF 

• Students on self-funded courses 

• Full-fee paying foreign students 

The TG agreement may be signed in the presence of a/an (i) lawyer/solicitor, (ii) Notary Public or its equivalent or (iii) official from the Singapore Embassy/Consulate Office. However, the signing of the loan agreements may only be witnessed by a/an (a) Notary Public or its equivalent or (b) official from the Singapore Embassy/Consulate Office.

As such, if your guarantor approaches a lawyer/solicitor to witness the signing of the loan agreements, your guarantor would need to ensure that the lawyer/solicitor is a Notary Public or its equivalent. Documentary evidence to support the Notary Public or its equivalent status is necessary.

International Students who are paying non-subsidised tuition fee are not eligible to apply for student loans. You may apply for student loan financing if you are paying subsidised tuition fee and you have completed the requirements as set out in the Tuition Grant (TG) process.

If you have been awarded the student loan financing prior to the completion of the TG process, you would need to ensure that you complete the requirements set out in the TG process as the award of the student loan financing is contingent upon completion of the TG process.

Tuition Fee Loan application - Apply via OCBC website - FRANK x SMU Student Loan | FRANK by OCBC.

Study Loan and Overseas Student Programme (OSP) Loan - application forms can be found in your student portal OASIS > Self-Service Apps – Financial Aid Application (under “Policies and Self-Service Apps”) or > Finance & Admin > Fee Matters & Financial Assistance Schemes > Schemes & Obligations > Apply for Finance Aid (located at the end of the page)

• Financial Aid Type: Loan
• Financial Aid Form: Select as appropriate – (a) Study Loan and (b) Overseas Student Programme (OSP) Loan

Contact OCBC FRANK Retail Stores or Branches for enquiries relating to Tuition Fee Loan application status.

Tel: 1800 363 3333 (within Singapore)
      +65 6363 3333 (outside Singapore)

For Study Loan and Overseas Student Programme (OSP) Loan:

Please log on to your student portal OASIS > Self-Service Apps – Financial Aid Application  to check > Finance & Admin > Fee Matters & Financial Assistance Schemes > Schemes & Obligations > Financial Aid Application History.

Contact OCBC FRANK Retail Stores or Branches for enquiries relating to application status after your loan signing process is completed.

You would be eligible to apply for student loans provided you are paying subsidised tuition fee (ie, if you are not an International Student paying non-subsidised tuition fee) at the point of application.

If you are a full-fee paying (ie, have fully utilised the MOE Tuition Grant (TG) and no longer paying subsidised tuition fees) SC or SPR, you may still apply for student loans to finance the tuition fees payable even though you previously have not applied for the loan(s) when you were paying subsidised tuition fees.

For further information and application, please visit our Student Loans e-Portal.

The TFL finances up to 90% of the subsidised tuition fee payable by a Singaporean student. Subject to meeting the eligibility criteria, you may apply for SL to finance the remaining 10% of the subsidised tuition fee payable by a Singaporean student and if applicable, an annual living allowance (LA) of $3,600 (maximum). 

For further information and application, please visit our Student Loans e-Portal.

Office of Finance will disburse the LA starting Week 7 of Term 1 and Term 2. However, if you apply for the LA only during the application window prior to the start of the term, you will only receive the LA after you and your guarantor have signed the loan agreement and you have been awarded the loan scheme.

With effect from 1 Aug 2017 (ie, AY2017/18 Term 1), students who did not apply the scholarship via SMU and who are not scholars of Singapore Government Ministries, Organs of State or Statutory Boards, would need to need to liaise directly with their sponsors on the settlement of their tuition fees. To avoid being on finance hold due to delay in the settlement of your outstanding fees, you are advised to either (a) make payment then seek subsequent reimbursement from your sponsor or (b) submit the invoice to your sponsor immediately upon receipt of the billing notification for your sponsor to make payment directly to SMU.

As we would not be aware of your scholarship, the loans will be disbursed accordingly if there are outstanding tuition fees in your account. It is hence, your responsibility to ensure that you do not breach the terms and conditions of your scholarship and write in to (studentloans@smu.edu.sg) to inform Student Loans Team that you need to cease the TFL/SL financing should your scholarship disallow other financing.

Should you fail to inform Student Loans Team to cease the TFL/SL financing, Student Loans Team will continue to extend the loans to you as long as your tuition fees are outstanding when the loan disbursement takes place.

With effect from 1 Aug 2017 (ie, AY2017/18 Term 1), students who did not apply the scholarship via SMU would need to liaise directly with their sponsors on the settlement of their tuition fees.  

Under the new arrangement, students may submit the Statement of Account to their private sponsors directly on the payment arrangement of their tuition fees. Alternatively, students may also make payment first and print out the receipt to seek subsequent reimbursement from their sponsors. 

If your tuition fees are outstanding when the loan disbursement takes place, the loans will be disbursed to your account even though you are on scholarship. Thus, you would need to write in to Account Enquiry to request Office of Finance to cease the loan financing and arrange for your tuition fees to be settled promptly to avoid finance hold on your account. 

This above arrangement however, does not apply if students are scholars of Singapore Government Ministries, Organs of State or Statutory Boards. That said, you would need to ensure that your sponsor informed us of your scholar status so that we can make the necessary arrangements with them. 

The approved OSP Loan quantum will be processed only after the application approval by OCBC Bank is received by SMU. The funds will be disbursed to you (via Inter-bank GIRO arrangement to the bank account maintained with SMU), no earlier than six weeks prior to trip departure (as indicated in your application form), OR within 4-6 weeks from OCBC Bank’s approval, whichever is later.

Students who submit application for loan financing within 1 month of date of departure may not be able to receive the funds before departure as the loan agreements must be signed and loan duly awarded before the funds may be disbursed to your bank account that you maintained in OASIS.

The TFL will only be disbursed to your Student Account after you and your guarantor have signed the loan agreement and the loan application status has been approved by OCBC Bank.  The disbursement will take place 4 to 6 weeks after loan approval.

For financing of tuition fee under the Tuition Fee Loan (TFL) and Study Loan (SL) Schemes, you will not receive any money in your bank account. The quantum which may vary from term to term depending on whether there are other financial aids that ranked in higher priority (based on the order stipulated by MOE) will be disbursed directly to your Student Account to offset against your outstanding tuition fees (if any).

If you have applied for Living Allowance (LA) under the SL Scheme, the annual LA will be disbursed over 2 terms to the (receiving) bank account that you maintained in OASIS, after offsetting against the outstanding tuition fees and annual fees (if any).

For financing of tuition fee under the Tuition Fee Loan (TFL) and Study Loan (SL) Schemes, the full quantum will not be disbursed upfront as the total financing required for your course of study cannot be ascertained at this point. The disbursement will be done on a per term basis and the quantum may vary from term to term, depending on whether there are other financial aids that ranked in higher priority (based on the order stipulated by MOE). The loan will be disbursed directly to your Student Account to offset against your outstanding tuition fees.

If you have applied for Living Allowance (LA) under the SL Scheme, the annual LA will be disbursed over 2 terms to the (receiving) bank account that you maintained in OASIS, after offsetting against the outstanding tuition fees and annual fees (if any).

The Living Allowance (LA) is disbursed over 2 terms annually. If you have outstanding tuition fees and/or annual fees, the LA will be used to offset the outstanding fees before the net amount is disbursed to you.

Except for the interest-free Study Loan Tier 1, the interest rate payable on the rest of the student loans is based on 3-month compounded Singapore Overnight Rate Average (3M SORA) plus 1.5 percentage points or such other rates as may be determined from time to time by the bank or SMU**.

** The interest rate is subject to change on a half-yearly basis based on the 3M SORA published on the MAS website on 1 March or 1 September.

GIRO arrangement made with OCBC Bank during UG days CANNOT be used for repayment of the loans due to different receiving bank account. Establishing a new GIRO authorisation arrangement for loan repayment is required.

SMU has appointed Overseas-Chinese Banking Corporation (OCBC Bank) as agent to administer the MOE-funded loan (ie. Tuition Fee Loan, Study Loan and Overseas Student Programme Loan) schemes and has completed the transition on 20 January 2024.  Please visit OCBC website for more details on loan repayment.

The student loans are interest-free during the course of study. Consequently, if you fully repay the loans prior to graduation, you are not required to pay any interest as the loans are still interest-free. If however, you do not fully repay the loan before graduation, you would need to pay interest on any outstanding balance not repaid when interest starts after graduation.

There is no penalty or administrative charge for fully repaying the loans before graduation or before the maximum repayment period.

The Living Allowance (LA) is a form of financial assistance extended to needy students to help them pay for their daily expenses. The LA is part of the Study Loan (SL) Scheme and thus, a loan that is also repayable after graduation.

Repayment of loan starts after your graduation and according to the Terms and conditions per your signed loan agreements. You will be notified upon graduation on your loan repayment commencement.

SMU has appointed Overseas-Chinese Banking Corporation (OCBC Bank) as agent to administer the MOE-funded loan (ie. Tuition Fee Loan, Study Loan and Overseas Student Programme Loan) schemes and has completed the transition on 20 January 2024.  Please visit OCBC website for more details on loan repayment.

For repayment of SMU-funded loan schemes - SMU Education Loan and/or SMU Computer Loan, you will need to fill up a  reply slip to submit your repayment plan for your loan.

The student loans are interest-free during the course of study. The interest chargeable on the loans will commence after graduation.

Depending on the term in which a student graduates, interest will be chargeable with effect from the following dates:

• Term 1 – 1st March
• Term 2 – 1st Aug
• Term 3 – 1st Oct

Repayment of loans starts after your graduation and in accordance with the terms and conditions of your signed loan agreements. Please refer to your copy of the loan agreements for the terms and conditions of the loans. If you require any further clarification, please contact OCBC Bank.

Upon graduation, you will be notified on your loan repayment commencement. However, you may start repayment during your course of study if you have the financial capability to do so.

Should you wish to start repaying the loan during your undergraduate days, and unless you are confident of keeping up with the monthly instalments (due on 1st of each month), we would suggest that you consider doing lump sum payment (minimum sum - $1,000 each) so that you do not incur penalty interest if you fail to pay the monthly instalment on time.

Please visit our Student Loans e-Portal > Loan Repayment for more details.

You may start the repayment of your student loans before you graduate.

If however, you are not repaying the loans in full during your course of study, it is preferable that the repayment be in the form of lump sum/partial payment as the repayment instalment plan cannot be paused once the plan commenced. Penalty interest at 1% per month will be charged on overdue instalments.

Please visit our Student Loans e-Portal > Loan Repayment for more details.

CPF savings can only be used to pay tuition fees. You may utilise your own PSEA funds and/or repay your MOE Funded Student Loans by contacting or visiting any OCBC branch for further assistance. Alternatively, you may wish to visit our Student Loans e-Portal > Loan Repayment for more details.

SMU has appointed Overseas-Chinese Banking Corporation (OCBC Bank) as agent to administer the MOE-funded loan (ie. Tuition Fee Loan, Study Loan and SMU Overseas Student Programme Loan) schemes and has completed the transition on 20 January 2024.  Please visit OCBC website for more details on loan repayment.

For repayment of SMU-funded loan schemes - SMU Education Loan and/or SMU Computer Loan, please visit our Student Loans e-Portal > Loan Repayment for more details.

You may apply to use the funds in your PSEA account to repay your loan if you are no longer studying at SMU (ie, graduated or withdrawn). For more information and application, please go to Post-Secondary Education scheme located at the MOE PSEA website.

That said, you may withdraw the PSEA funds during your course of study to pay the tuition fees if you are still an undergraduate so that you do not have to incur a bigger loan at the end of your study at SMU. 

Please visit our Student Loans e-Portal > Loan Repayment for more details.

SMU has appointed Overseas-Chinese Banking Corporation (OCBC Bank) as agent to administer the MOE-funded loan (ie. Tuition Fee Loan, Study Loan and Overseas Student Programme Loan) schemes and has completed the transition on 20 January 2024.  Please visit OCBC website for more details on loan repayment.

For repayment of SMU-funded loan schemes - SMU Education Loan and/or SMU Computer Loan, we currently do not have Paynow / Paylah function and credit cards are not accepted for loan repayment. Please visit our Student Loans e-Portal > Loan Repayment for more details.

SMU has appointed Overseas-Chinese Banking Corporation (OCBC Bank) as agent to administer the MOE-funded loan (ie. Tuition Fee Loan, Study Loan and Overseas Student Programme Loan) schemes and has completed the transition on 20 January 2024.  Please contact OCBC Bank to enquire.

Tel: 1800 363 3333 (within Singapore)
       +65 6363 3333 (outside Singapore) 

For SMU-funded loan schemes - SMU Education Loan and/or SMU Computer Loan, the consolidated statement of account will be emailed to you mid-month. Please note that the statements are pertaining on the previous month’s end balance and the $100.00 is just a default indication of the minimum required monthly instalment if students do not submit the repayment plan, based on the terms and conditions of the loan agreement.