FEES & FINANCIAL ASSISTANCE

Transcription

1 FEES & FINANCIAL ASSISTANCE 411

2 TUITION FEES With effect from Academic Year (AY) 2014/2015, students pursuing full-time diploma courses at NYP will be billed under a cohort based fee structure, which means that the tuition fees will remain constant for the entire duration of the course. The following are annual fees for enrolled students in Academic Year 2016/2017: Notes: 1. The fees stated above are for your reference only. Fees for Singaporean Citizens (SC) and PR are before GST. The Government continues to absorb the GST chargeable on tuition fees payable by SC and PR students. Fees for International Students (IS) is inclusive of GST. 2 All fees & MOE Tuition Grant amounts are subject to change from year to year. 3. The MOE Tuition Grant (TG) and supplementary fees & GST are based on AY2015/16 fees. These are subjected to change once the revised figures are approved by MOE. 4. Fees are billed on a semestral basis. Semester fees are due and payable by students at the start of the semester. 5. Subsidised students are those who are eligible and accepting the MOE Tuition Grant. 6. Non-subsidised students are those who are not eligible or not accepting the MOE Tuition Grant. NATIONAL SERVICEMEN Tuition fee for Reserved National Servicemen will be based on the year of offer. 412 FEES SUBSIDISED STUDENTS SINGAPOREAN PR INTERNATIONAL STUDENTS (S$) (S$) (S$) Tuition Fee (TF) 2, , , MOE Tuition Grant (TG) 15, , , Supplementary Fees & GST on All Fees 1, , Supplementary Fees (inclusive of GST) Total Fees 19, , , Less: MOE Tuition Grant (15,900.00) (15,900.00) (17,010.00) Less: GST Subsidy (1,295.00) (1,479.10) (2.10) FEE PAYABLE 2, , , FEES N-SUBSIDISED STUDENTS SINGAPOREAN PR INTERNATIONAL STUDENTS (S$) (S$) (S$) FEE PAYABLE 19, , , MOE TUITION GRANT SCHEME The Government, through the Ministry of Education (MOE) provides Tuition Grant (TG) to assist students in payment of the full course fees. All students who are eligible and are accepting the MOE TG need to apply for the MOE Tuition Grant Scheme. Students who are not eligible or did not accept TG or did not complete the TG Agreement signing by MOE scheduled dates, will have to pay the full course fees and the GST thereon [consisting of MOE Tuition Grant, Tuition Fees and Examination Fee (if applicable)] for their studies in Nanyang Polytechnic. Students who are: Singaporeans apply by submitting the Declaration for Tuition Grant Form (pink form) during enrolment. Singapore Permanent Residents and International Students required to fulfil the tuition grant process as follows:- Submit the Tuition Grant Option Form (blue form) during enrolment; Attend the MOE Tuition Grant Briefing, which is compulsory; Apply online via by the stipulated deadline; Sign the MOE Tuition Grant Agreement in the presence of an MOE officer, together with two sureties; If the sureties are in their home countries and are T able to meet the scheduled MOE signing date, students need to: a) download a copy of the TG Agreement through the TG online for the sureties overseas; b) ensure that the sureties overseas sign the TG Agreement in the presence of Notary Public(s), which includes Notary Public, Commissioner for Oaths or practising lawyer; c) ensure that the Notary Public(s) sign and affix a seal/stamp against each of his/her signatures ONLY on the downloaded TG Agreement. MOE will T accept the TG Agreement if there are any other documents issued by the Notary Public(s); and d) after the original notarised TG Agreement is returned to students by the sureties overseas, students must:- bring the TG Agreement during the scheduled MOE signing date; and sign in the presence of an MOE officer. Students will be bonded to work in Singapore-registered companies for a minimum of three years upon graduation. OTHER PAYMENTS ACADEMIC TRANSCRIPT $5.35 per transcript. Complimentary copy issued upon successful completion of course. REPLACEMENT COST FOR STUDENT CARD $6.40 per card inclusive of GST. LOCKER RENTAL SERVICES Lockers are available for rent to students at affordable rental rates. KAICHI SPACEMASTER PTE LTD is the appointed contractor for locker rental services to students. There are three types of lockers available for rent and the locker rental charges are as follows: TYPE DIMENSIONS RENTAL CHARGES* Small Locker H 30.5cm x W 30.5cm S$ S$9.00 = D 45.5cm S$39.00 Midi Locker H 45.5cm x W 30.5cm S$ S$9.00 = (Limited no. D 45.5cm S$60.00 only at Blk S Level 2) Big Locker H 91.5cm x W 30.5cm S$ S$9.00 = D 45.5cm S$81.00 * Rental charges for the first year of rental includes the cost of the padlock (S$9.00). This padlock is to be used at all times, including for subsequent renewals. The applicant can keep the padlock upon cessation of rental. Students may register for the rental of a locker at Payment is to be made online via a credit or debit card. They may also submit their applications for locker rentals during Club Crawl (tentatively scheduled for the first week of the academic year) where KAICHI SPACEMASTER PTE LTD will be on-site to accept applications and cash payments. Alternatively, students can complete the Application for Locker Rental Form available at the Student Affairs Office at Blk E, Level 4 and send it together with a cheque/cashier s order (in favour of KAICHI SPACEMASTER PTE LTD) to: KAICHI SPACEMASTER PTE LTD 132 Joo Seng Road #07-01, UNIPLAS Building, Singapore Note: As there are limited Midi lockers, please check with KAICHI SPACEMASTER PTE LTD at during office hours before submitting your application. 413

3 FEES PAYMENT WHEN TO PAY? Please pay before the enrolment due date stated in the Offer Letter. HOW TO PAY? Please pay fees under the following payment methods: 1. United Overseas Bank Limited (UOB) Note: This payment method is ONLY applicable during enrolment period (February to April) and is for students who will be starting academic year in April. Bring Student Bill to Bank counter at any UOB branches. Pay by cash, cheque or cashier s order. For cheque or cashier s order a) Write payable to Nanyang Polytechnic. b) Write your Name, Admission Number and Contact Number on the back of the cheque or cashier s order. 2. United Overseas Bank Limited (Internet Banking) Applicable for UOB account holders with Internet banking facility. Login to UOB Internet Banking via Quote your Admission Number and Bill Number or NRIC Number as payment reference. 3. enets Debit Applicable for DBS Bank/POSB, UOB, OCBC or Citibank account holders with Internet banking facility. Go to enets Debit via NYP -> Future Students -> Enrolment. 4. AXS Station For full-time diploma students, select Education -> NYP -> Enrolment (Full-Time Diploma). For Polytechnic Foundation Programme students, select Education -> NYP -> Full-Time Diploma/Polytechnic Foundation Programme. COMPANY SPONSORED STUDENTS Your sponsoring company is to officially inform NYP s Admissions Office 14 days before commencement of the semester. The Polytechnic will then bill the sponsor directly. Do not apply for any of the Financing Scheme(s) i.e. CPF Education Scheme, Mendaki Tertiary Tuition Fee Subsidy, Post Secondary Education Account Scheme, Tuition Fee Loan Scheme, etc. You should still apply for the MOE Tuition Grant unless your sponsoring company has specifically instructed that it will pay the full course fees. You are to confirm with your sponsoring company before enrolment due date. CHANGE OF CITIZENSHIP STATUS Semester fees are due and payable by students at the start of the semester. The fees rates payable are based on the citizenship status prevailing at that point in time, if applicable. When is the effective date for change of citizenship status? BEFORE AFTER When did you officially inform NYP? BEFORE AFTER BEFORE/AFTER LATE PAYMENT FEES A late payment fee of $15.00 will be imposed if: a) payment is not received by the due date stated in the second billing of the Student Bill; or b) approval to delay payment has not been obtained from the Registrar s Office before the due date stated in the Student Bill. If the fees are not paid by the date stated in the FINAL REMINDER LETTER, students may be subject to ineligibility for examination/module credits for all modules registered for that semester in accordance with Clause 7.1 of the Assessment (Credit Based) Regulations. Refer to NYP website ( edu.sg/current-students/academic-matters/nyp-assessmentregulations#eligibillity). Is there any revision/adjustment of fees for that semester? Fees will be adjusted in that semester to Singaporean or Singapore Permanent Resident rate accordingly. Is there any refund? If you have paid your fees. Is there any revision/adjustment of fees for new semester? PAYMENT OF FEES FOR BILLINGS AFTER ENROLMENT Note: After enrolment, you will not receive a hardcopy bill. Subsequent billings will be via online e-bill on mynyp Portal. Payment by Interbank GIRO only. Payment by cash will not be accepted. Application for any Financing Scheme(s), namely CPF Education Scheme, Mendaki Tertiary Fee Subsidy and Tuition Fee Loan Scheme cover only Tuition Fees and DOES T cover the Supplementary Fees. The Supplementary Fees have to be paid via GIRO. For Post-Secondary Education Account applicants, fees will be paid via GIRO if there is insufficient fund in their PSEA

4 HOW TO APPLY FOR GIRO? a) Complete the electronic Application for Interbank GIRO Form, which is available for download at NYP website. Please note that TRUST accounts are not eligible for GIRO deduction. b) Print out and complete the form. Note: 1) Amendments, if any, are to be counter-signed by the account holder. 2) No correction fluid is allowed. c) For bank account operated by signature Account holder/joint Account holder(s) is/are to sign as per the bank s records. For bank account operated by thumbprint Account holder is to visit the Bank and get the thumbprint verified. d) Submit the completed, verified thumbprint or signed form to NYP before enrolment due date. FEES REFUND POLICY Period of Withdrawal Before commencement of a semester 1st week of semester After 1st week of semester 416 Students who paid Option A of the Student Bill (at enrolment) AMOUNT OF REFUND Full refund of fees paid, less S$50.00 administrative charges Refund of 75% of Tuition No refund Alternatively, for DBS/POSB account holder with Internet banking facility, you may apply for GIRO via banking.dbs.com.sg. HOW TO CHECK THE GIRO APPLICATION STATUS? You may check the GIRO application status online via mynyp Portal. WHEN AND HOW THE GIRO DEDUCTION DATE AND AMOUNT WILL BE INFORMED? You will be informed of the GIRO deduction date and total amount payable via online e-bill. When the online e-bill is available for viewing via mynyp Portal, you will be notified by sent to your NYP Student address and/or SMS. The notification will be sent to you at least 10 days before the deduction date. Students who paid Option B of the Student Bill (at enrolment) FEES PAYABLE S$50.00 administrative charges (to be deducted from the Tuition and Supplementary ) To pay 25% of Tuition Fees To pay 100% of Tuition Fees No refund of the Supplementary Students who paid Option C of the Student Bill (at enrolment) No refund of the 25% of Tuition No refund of the 25% of Tuition and To pay 75% of Tuition Fees No refund of the Supplementary REFUND OF EXCESS PAYMENT Please pay the correct fees as the payment will be offset against fees payable. Once fees payable is settled, there will be no claim from the Financing Scheme(s) and no refund of fees already paid. However, should there be any excess amount, it will be refunded at a later date. Refunds will be credited to the same Interbank GIRO Account for fees deduction. FINANCING SCHEMES TERTIARY TUITION FEE SUBSIDY FOR MALAYS Note: This scheme is not applicable to Polytechnic Foundation Programme students Tertiary Tuition Fee Subsidy for Malays is administered by Yayasan Mendaki. For more information, please refer to Yayasn Mendaki website via You can also call Yayasan or ttfs@mendaki.org.sg All full-time subsidised diploma Malay students who are Singaporeans or Singapore Permanent Residents with one of the parents being a Singaporean citizen. Monthly household per capita income (PCI) does not exceed $1, Subsidy Value Up to 100%, 75% or 50% of Tuition Fee depending on PCI. The scheme does not cover supplementary fees. Online application via Hardcopy applications are not allowed. Before enrolment due date stated in the Offer Letter. To be advised by Mendaki nearer to the effective date. POST SECONDARY EDUCATION ACCOUNT SCHEME Post Secondary Education Account Scheme (PSEA) is administered by the Ministry Of Education (MOE). For more information, please refer to MOE PSEA website ( Singaporeans only, who have balances in their PSEA. To check balances in the PSEA, call MOE PSEA Hotline at Subsidy Value Up to 100% of Tuition Fees and Supplementary Fees, subject to available balance in PSEA. Complete the form inside your enrolment guide and submit to Nanyang Polytechnic. Before enrolment due date stated in the Offer Letter Before 30 April (for Semester 1) Before 30 September (for Semester 2) CPF EDUCATION SCHEME Note: This scheme is not applicable to Polytechnic Foundation Programme students This is a loan scheme, administered by CPF Board. For more information, please refer to CPF Board website ( All full-time subsidised diploma students. Loan Amount Up to 100% of Tuition Fee, subject to the available balance in their CPF savings under the education scheme. The scheme does not cover supplementary fees. Interest Payable Prevailing CPF Interest rate. Interest will be charged from the time the savings are withdrawn. Repayment Period and Amount Maximum of 12 years. Monthly instalment is computed by CPF Board based on the student's loan amount and repayment period. Commencement of Loan Repayment One year after graduation or one year from the date of leaving the course, whichever is earlier. a) Singapore Citizens and Singapore Permanent Residents Online application via CPF Board website. Hardcopy applications are not allowed. All parties to the application, i.e. student and CPF member. 417

5 must have a SingPass and account before application can be made online. b) International Students Complete the form that can be downloaded from CPF Board website and submit to Nanyang Polytechnic. Before enrolment due date stated in the Offer Letter Before 30 April (for Semester 1) Before 30 September (for Semester 2) TUITION FEE LOAN Note: This scheme is not applicable to Polytechnic Foundation Programme students. To ensure that no students is denied access to Polytechnic education because of financial difficulties, MOE, through Nanyang Polytechnic, has made available the Tuition Fee Loan. DBS Bank is the agent bank appointed to administer the Scheme. All full-time subsidised diploma students. Loan Amount Up to a maximum amount of 75% of Tuition Fees. The scheme does not cover supplementary fees. Interest Payable The average prime rate of the three local banks, i.e. DBS, OCBC and UOB. Interest will be charged from 1st June or 1st December in the year of graduation. Repayment Period and Amount Maximum of 10 years. The minimum amount is $ per month. Commencement of Loan Repayment One year after graduation date or date of leaving the course, whichever is earlier. Complete the form, which can be downloaded from NYP website. Bring the completed form to any DBS branches with a guarantor. Student and guarantor are to sign the agreement in the presence of a bank officer. Criteria for Guarantor: a) From 21 years old to 60 years old; b) Singapore Citizen for Singapore Citizen applicant; c) Singapore Citizen/Singapore Permanent Resident for Singapore Permanent Resident applicant; d) Singapore Citizen/Singapore Permanent Resident for foreigner applicant; and e) Not an undischarged bankrupt. FINANCIAL ASSISTANCE SCHEMES SCHOLARSHIPS AND SPONSORSHIPS FOR HEALTH SCIENCE STUDENTS Students from the School of Health Sciences may apply for scholarships and sponsorships offered by MOH Holdings, various healthcare institutions and voluntary welfare organisations, on entry or at any point throughout the course. Successful sponsorship applicants will be given a monthly allowance during their course of study at the Polytechnic. Upon completion of their studies, they are required to serve a bond with the sponsoring organisations. Scholarships are also available for outstanding health science graduates to pursue a degree conversion after completion of the diploma programme. For more precise details on scholarships and/or sponsorships, please refer to SCHOLARSHIP, BURSARY & FINANCIAL AWARDS A number of scholarship and bursary awards are offered by various government and private organisations at different times during an academic year to help needy students. These awards are open for application by enrolled students and have varying eligibility criteria. The main financial assistance application exercise is normally held in the first semester of an academic year. Details of such awards can be obtained from the NYP website. Students are also advised to check their student accounts regularly for announcements of application exercises. 418