For PSEA Standing Order application:

If using student's PSEA or student & sibling(s)'s PSEA account 
Submit an e-application via https://go.gov.sg/psea-standing-order; or scan the following QR code

To check your PSEA balance, please call MOE's PSEA Hotline at Tel: 6260 0777

For more information, visit www.moe.gov.sg/contact

This scheme, funded by MOE, allows students to take up an interest-free loan for the duration of his/ her studies in Polytechnic. The student needs only to repay the loan after graduation or after leaving the Polytechnic.

You may refer to this infographic for more information.

(Except students who are sponsored by companies or fully subsidised by MENDAKI)

As for the other 25%, you can either pay in cash, apply for the CPF-AES Scheme (above)

3 years or per loan agreement signed with DBS Bank

1. Please submit an online application via Tuition Fee Loan | DBS Singapore and follow the instructions on the ‘Apply Now’ section
2. Student and Guarantor are required to register for digibank for the application
3. Student will require the following documents to apply:

• A copy of your Student Card / Offer Email from Admission Office
• A copy of your Passport (for International students)
• Click here to know what you need to prepare in advance to be able to submit your Tuition Fee Loan Application online

The following interest rates will be applicable to all new Government education loan (i.e. Tuition Fee Loan) agreements signed on and after 1 April 2024.

• Standard interest* : 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
  * not applicable to interest-free Study Loan

• Late payment interest for overdue and unpaid loans/loan instalment : 3M SORA plus 4.5 percentage points or such other rates as may be determined from time to time by the bank

Note:

1. The interest rates will be revised on a half-yearly basis based on the 3M Singapore Overnight Rate Average (SORA) published on the Monetary Authority of Singapore’s (MAS) website on 1 March (for the period 1 April to 30 September) or 1 September (for the period 1 October to 31 March of the following calendar year).  If 1 March or 1 September falls on a weekend and/or a public holiday when the 3M SORA rates are not published by MAS, we will take the 3M SORA published on the MAS website on the last preceding business day in Singapore. For example, if 1 September is a Saturday, we will take the 3M SORA published on MAS website on 31 August
2. Please visit DBS website at Education Loans for Your Studies | DBS Singapore  for the applicable interest rates on every 1 April and 1 October

Students can loan from their parents' or spouses' CPF savings (Ordinary Account) to pay for their tuition fees at Singapore Polytechnic. For information or application, please visit CPF website. 

However, as the CPF savings are meant to be preserved for retirement needs of parents or loved ones, students are strongly encouraged to consider the TFL. Please see above tab for more details.

• Full-time subsidised diploma students; and
• Must be a Singapore Citizen (SC) or Singapore Permanent Resident (SPR)

*With effect from April 2024, CPF Board will only accept new applications from SC/SPRs

From time of approval until student completes his/her studies in Polytechnic, or if the funds in the CPF account being used runs out.

Application is done on the CPF website for a limited time at the beginning of each semester.

Student is required to have a SingPass. To apply for Singpass, please refer to www.singpass.gov.sg for details.

For enquiries, please contact CPF Call Centre at Tel: 1800-227-1188 or Write to CPF here.