FEES & FINANCIAL ASSISTANCE - NYP

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FEES & FINANCIAL ASSISTANCE - NYP
FEES & FINANCIAL ASSISTANCE

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TUITION FEES                                                                                                                                                       2. Ensure that your sureties overseas sign the TG Agreement                   b) AXS Internet – Login to AXS Internet, select eServices*
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,                  in the presence of Notary Public(s), which includes Notary                 c) AXS Mobile App – Download AXS Payment App, select eServices*
which means that the tuition fees will remain constant for the entire duration of the course.                                                                         Public, Commissioner for Oaths or practising lawyer.
                                                                                                                                                                   3. Ensure that the Notary Public(s) sign and affix a seal/stamp               *For Full-time Diploma students, continue to select: NYP » Enrolment
The following are annual fees for enrolled students in Academic Year 2018/2019:                                                                                       against each of his/her signatures ONLY on the downloaded                   (Full-time Diploma)
                                                                                                                                                                      TG Agreement. MOE will NOT accept the TG Agreement if                      *For Poly Foundation Programme students, continue to select: NYP »
                                                                                             SUBSIDISED STUDENTS                                                      there are any other documents issued by the Notary Public(s).               Full-time Diploma/Polytechnic Foundation Programme
  FEES                                                                                                                                                             4. After the original notarised TG Agreement is returned to you
                                                              Singapore Citizens (SC)         Singapore Permanent              International Students (IS)            by your sureties overseas, you must:                                       COMPANY-SPONSORED STUDENTS
                                                              (S$)                            Residents (SPR) (S$)             (With GST, S$)                   ­	    - Bring the TG Agreement during the scheduled MOE signing date.            • Your sponsoring company is to officially inform NYP’s Admissions
                                                                                                                                                                      - Sign in the presence of MOE officer.                                       Office 14 days before commencement of the semester. If your
                                                                                                                                                                   5. You will be bonded to work in Singapore registered companies for             sponsorship covers your course fees, the Polytechnic will then bill the
  Subsidised Tuition Fee (TF)			                               2,700                          5,400			                         9,600                                  a minimum of three years upon graduation.                                    sponsor directly.
                                                                                                                                                                                                                                                 • Do not apply for any of the Financing Scheme(s) i.e. Mendaki Tertiary
  Supplementary Fees & Applicable GST                          85.40                          115.40			                        151.50                                                                                                              Tuition Fee Subsidy, Post Secondary Education Account Scheme, CPF
                                                                                                                                                              FEES PAYMENT                                                                         Education Scheme, Tuition Fee Loan Scheme, etc.
  Fee Payable for the Academic Year		                          2,785.40                       5,515.40			                      9,751.50                       WHEN TO PAY?                                                                       • You should still apply for the MOE Tuition Grant unless your sponsoring
                                                                                                                                                              Please pay before the enrolment due date stated in the Offer Letter.                 company has specifically instructed that it will pay the full course fees.
                                                                                                                                                                                                                                                   You are to confirm with your sponsoring company before enrolment
Notes:                                                                                                                                                        HOW TO PAY?                                                                          due date.
1. The fees stated above are for reference only. Tuition Fees for Singaporean Citizens (SC) and Singapore Permanent Residents (SPR)                           Please pay fees under the following payment methods:
   are before GST. The Government continues to absorb the GST chargeable on tuition fees and examination fees payable by SC and
   SPR students. Tuition Fees for International Students (IS) are inclusive of GST.                                                                           1. United Overseas Bank Limited (UOB)
2. All fees are subject to change as determined by Ministry of Education (MOE) at their yearly review.                                                        Note: This payment method is ONLY applicable during enrolment period
3. Fees are billed on a semestral basis. For fee details and actual amount payable, students can view their online e-Bill at NYP Student                      (February to April) and is for students who will be starting academic year
   Portal upon receiving the SMS notification that e-Bill is available.                                                                                       in April.
4. Subsidised students are those who are eligible and accepting the MOE Tuition Grant. For details on the scheme, please refer to MOE                         • Bring Student Bill to bank counter to any UOB branch.
   TG website tgonline.moe.gov.sg                                                                                                                             • 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
NATIONAL SERVICEMEN                                                                                                                                                 back of the cheque or cashier’s order.
Tuition fee for Reserved National Servicemen will be based on the                  Students who are:
year of offer.                                                                     • Singaporeans – please apply by submitting the Declaration for            2. United Overseas Bank Limited (Internet Banking)
                                                                                   Tuition Grant Eligibility Form (pink form) during the enrolment.           • Applicable for UOB account holders with Internet banking facility.
                                                                                   • Singapore Permanent Residents and International Students – please        • Login to UOB Internet Banking via www.uobgroup.com.sg.
MOE TUITION GRANT SCHEME                                                           fulfil the tuition grant process as follows:                               • Quote your admission number and bill number or NRIC number as
The Singapore Government, through the Ministry of Education (MOE)                  - Submit the Tuition Grant Option Form (blue form) during enrolment;          payment reference.
provides Tuition Grant (TG) to assist students in payment of the full              ­- Attend the MOE Tuition Grant Briefing, which is compulsory;
course fees. All students who are eligible and accepting the MOE TG need            - Apply online via tgonline.moe.gov.sg by the stipulated deadline;        3. eNETS Debit
to apply for the MOE Tuition Grant Scheme.                                          ­­- Sign the MOE Tuition Grant Agreement in the presence of MOE Officer   • Applicable for DBS Bank/POSB, UOB, OCBC or Citibank account
                                                                                         together with your two sureties.                                        holders with Internet banking facility.
Students who are not eligible or did not accept TG or did not                       - If your sureties are in their home country and are NOT able to          • Login NYP Homepage via www.nyp.edu.sg » Admissions »
complete the TG Agreement signing by the scheduled dates, will have                      meet the scheduled MOE signing date, you need to:                       Full Time Diploma » Enrolment
to pay the full course fees and the GST thereon for their studies in                    1. Download a copy of the TG Agreement through the TG online for
Nanyang Polytechnic.                                                                       your sureties overseas.                                            4. AXS Stations/Internet/Mobile App
                                                                                                                                                              a) AXS Stations – At AXS Station, select Education*

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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                                      HOW TO CHECK THE GIRO APPLICATION STATUS?
citizenship status prevailing at that point in time, if applicable.                                                                                      You may check the GIRO application status online via myNYP Portal.
                                                                                                                                                         Note: The same Interbank GIRO account will be used for fees deduction
                                                                                                                                                         and any other disbursements.
  When is the effective      When did you officially      Is there any revision/adjustment    Is there any            Is there any revision/adjustment
  date for change of         inform NYP?                  of fees for that semester?          refund?                 of fees for new semester?
  citizenship status?                                                                                                                                    WHEN AND HOW WILL THE GIRO DEDUCTION DATE AND AMOUNT
                                                                                                                                                         BE INFORMED?
  BEFORE                     BEFORE                       YES                                 YES                     YES                                You will be informed of the GIRO deduction date and total amount
  semester starts            semester starts              Fees will be adjusted in that       If you have paid        Fees will be revised in new        payable via online e-Bill. When the online e-Bill is available for viewing
                                                          semester to Singaporean or          your fees.              semester to Singaporean or         via myNYP Portal, you will be notified by email sent to your NYP Student
                                                          Singapore Permanent Resident                                Singapore Permanent Resident       email address and/or SMS. The notification will be sent to you at least 10
                                                          rate accordingly.                                           rate accordingly.                  days before the deduction date.

                             AFTER                        NO                                  NO                      YES
                             semester starts                                                                          Fees will be revised in new        FEES REFUND POLICY
                                                                                                                      semester to Singaporean or
                                                                                                                      Singapore Permanent Resident                                Students who paid Option A of                   Students who paid Option B of             Students who paid Option C of
                                                                                                                      rate accordingly.                    Period of              the Student Bill (at enrolment)                 the Student Bill (at enrolment)           the Student Bill (at enrolment)
                                                                                                                                                           Withdrawal
                                                                                                                                                                                              Amount of Refund                                                      Fees Payable
  AFTER                      BEFORE/AFTER                 NO                                  NO                      YES
  semester starts            semester starts                                                                          Fees will be revised in new          Before                 Full refund of fees paid, less S$50             S$50 administrative charges
                                                                                                                      semester to Singaporean or           commencement           administrative charges                          (to be deducted from the Tuition and Supplementary Fees paid)
                                                                                                                      Singapore Permanent Resident         of a semester
                                                                                                                      rate accordingly.

                                                                                                                                                           First week             • Refund of 75% of Tuition Fees paid            • To pay 25% of Tuition Fees              • No refund of the 25% of Tuition
                                                                                                                                                           of semester                                                            • Refund
                                                                                                                                                                                                                                    	       of 100% of Examination           Fees paid
                                                                                                                                                                                  • Refund of 100% of Examination
PAYMENT OF FEES FOR BILLINGS                                                                                                                                                        Fees (if applicable), Sports Fees,
                                                                                                                                                                                                                                    Fees (if applicable), Sports Fees,      • Refund
                                                                                                                                                                                                                                                                              	       of 100% of Examination
AFTER ENROLMENT                                                                                                                                                                     Welfare Fees and Miscellaneous
                                                                                                                                                                                                                                    Welfare Fees and Miscellaneous            Fees (if applicable), Sports Fees,
Note: After enrolment, you will not receive a hardcopy bill. Subsequent       b) Print out and complete the form.                                                                                                                   Fees paid                                 Welfare Fees and Miscellaneous
                                                                                                                                                                                    Fees paid
billings after enrolment will be via online e-Bill on myNYP Portal.           Note:                                                                                                                                                                                           Fees paid
• Payment by Interbank GIRO only.                                             • Amendments, if any, are to be counter-signed by the account holder.
• Payment by cash will not be accepted.                                       • No correction fluid/tape is allowed.
• Application for any Financing Scheme(s), namely Mendaki Tertiary Fee                                                                                     After first week                                                       • 	To pay 100% of Tuition Fees           • No refund of the 25% of Tuition
                                                                                                                                                                                  No refund
   Subsidy, CPF Education Scheme and Tuition Fee Loan Scheme cover            c) For bank account operated by signature                                    of semester                                                                                                        Fees paid
                                                                                                                                                                                                                                  • No
                                                                                                                                                                                                                                    	 refund of the Supplementary
   only Tuition Fees and DOES NOT cover the Supplementary Fees. The              Account holder/Joint Account holder(s) is/are to sign as per the
                                                                                                                                                                                                                                    Fees paid                               • To pay 75% of Tuition Fees
   Supplementary Fees have to be paid via GIRO.                                  bank’s records.
• For PSEA (covers Tuition Fee and Supplementary Fees) applicants, fees          For bank account operated by thumbprint                                                                                                                                                    • No refund of the Supplementary
   will be paid via GIRO if there is insufficient fund in the PSEA.              Account holder is to visit the Bank and get the thumbprint verified.                                                                                                                         Fees paid

HOW TO APPLY FOR GIRO?                                                        d) Submit the completed, verified thumbprint or signed form to NYP
a) Download “Application for Interbank GIRO” form, which is available via        before enrolment due date. Alternatively, for DBS/POSB account
   NYP website www.nyp.edu.sg. Please note that TRUST accounts are               holder with Internet banking facility, you may apply for GIRO via
   not eligible for GIRO deduction.                                              internet-banking.dbs.com.sg

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REFUND OF EXCESS PAYMENT                                                                                                                                   SUMMARY OF FINANCING SCHEMES
Please pay the correct fees as the payment will be offset against fees      Students may register for the rental of a locker at rent-a-locker.com.         Note: For the Financing Scheme(s) that is/are applicable to you, the           The table below is for reference for the Tertiary Tuition Fee Subsidy
payable. Once fees payable is settled, there will be no claim from the      Information on locker sizes and charges are also available on the website.     sequential order of fee deduction from the schemes is Tertiary Tuition         for Malays and the Post-Secondary Education Account Scheme only.
Financing Scheme(s) and no refund of fees already paid. However,            Payment is to be made online via a credit or debit card. Alternatively,        Fee Subsidy for Malays, Post-Secondary Education Account Scheme, CPF           For the full terms and conditions, refer to the respective websites/
should there be any excess amount, it will be refunded at a later date.     students can complete the Application for Locker Rental Form available at      Education Scheme, Tuition Fee Loan Scheme, etc.                                application forms.
Refunds will be credited to the same Interbank GIRO Account for fees        the Student Development Office at Blk E, Level 4 and i@Central, and send
deduction.                                                                  it together with a cheque/cashier’s order (in favour of Kaichi Spacemaster
                                                                            Pte Ltd) to:
                                                                                                                                                             SCHEME/TERMS                  TERTIARY TUITION FEE SUBSIDY                                  POST-SECONDARY EDUCATION ACCOUNT (PSEA)
OTHER PAYMENTS                                                              Kaichi Spacemaster Pte Ltd
                                                                                                                                                             & CONDITIONS                  FOR MALAYS (MENDAKI)
ACADEMIC TRANSCRIPT                                                         132 Joo Seng Road
S$5.35 per transcript.                                                      #07-01 Uniplas Building
Complimentary copy issued upon successful completion of course.             Singapore 368358                                                                 Information                   This Scheme is administered by Yayasan Mendaki.               This Scheme is administered by the Ministry of
                                                                                                                                                                                                                                                         Education (MOE).
REPLACEMENT COST FOR STUDENT CARD                                           Rental charges for the first year of rental includes the cost of the padlock                                   Refer to Yayasan Mendaki website mendaki.org.sg/
S$6.40 per card inclusive of GST.                                           (S$9.00). This padlock is to be used at all times, including subsequent                                        mendaki/programmes/educational-assistance/                    Refer to MOE PSEA website moe.gov.sg/education/
                                                                            renewals. The applicant can keep the padlock upon cessation of rental.                                         tertiary-tuition-fee-subsidy-ttfs for more details.           post-secondary/post-secondary-education-account for
LOCKER RENTAL SERVICES                                                                                                                                                                                                                                   more details.
Lockers are available for rent to students at affordable rental rates.      Note: As there are limited units of Midi lockers, please check with Kaichi                                     Call Yayasan Mendaki at 6551 2840 or email
Kaichi Spacemaster Pte Ltd is the appointed contractor for locker           Spacemaster Pte Ltd at 6282 0868 during office hours before submitting                                         ttfs@mendaki.org.sg for more enquiries.
rental services to students.                                                your application.

                                                                                                                                                             Eligibility                   • All full-time subsidised diploma Malay                      • Singaporeans only, who have balances in their PSEA.
                                                                                                                                                                                             students who are Singaporeans or Singapore                  • Call MOE PSEA hotline at 6260 0777 to check the
                                                                                                                                                                                             Permanent Residents with one parent who is a                  balance in PSEA.
                                                                                                                                                                                             Singaporean citizen.
                                                                                                                                                                                           • Monthly household per capita income (PCI) does not
                                                                                                                                                                                             exceed S$1,500.
                                                                                                                                                                                           • This scheme is not applicable to Poly Foundation
                                                                                                                                                                                             Programme students.

                                                                                                                                                             Subsidy Value                 Up to 100%, 75% or 50% of Tuition Fees depending              Up to 100% of Tuition Fees and Supplementary Fees,
                                                                                                                                                                                           on PCI.                                                       subject to available balance in PSEA.

                                                                                                                                                             How to Apply                  • Online application via tfas.mendaki.org.sg                  • Application Form is available in your
                                                                                                                                                                                           • Hard-copy applications are not allowed.                       enrolment package.
                                                                                                                                                                                                                                                         • Complete the form and mail it back to Nanyang
                                                                                                                                                                                                                                                           Polytechnic using the Reply Envelope.

                                                                                                                                                             Application Period            Before enrolment due date stated in the Offer Letter.         Before enrolment due date stated in the Offer Letter.

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The table below is for reference for the CPF Education Scheme and Tuition Fee Loan Scheme only. For the full terms and                                      SCHEME/TERMS                    CPF EDUCATION SCHEME (CPF)                                      TUITION FEE LOAN SCHEME (TFL)
conditions, refer to the respective websites/application forms.                                                                                             & CONDITIONS

  SCHEME/TERMS                   CPF EDUCATION SCHEME (CPF)                                 TUITION FEE LOAN SCHEME (TFL)                                   How to Apply                    Singapore Citizens (SC) and Singapore Permanent                 Download application form via NYP website
  & CONDITIONS                                                                                                                                                                              Residents (SPR):                                                www.nyp.edu.sg/financial-matters » Financial e-Forms
                                                                                                                                                                                            • Online application via CPFB website.
                                                                                                                                                                                            • Hard-copy applications are not allowed.                       • Bring the completed form to any DBS branch with
  Information                    This is a loan scheme, administered by CPF Board           To ensure that no students are denied access to
                                                                                                                                                                                            • All parties of the application, i.e. student and CPF            a guarantor. Student and guarantor are to sign the
                                 (CPFB).                                                    polytechnic education because of financial difficulties,
                                                                                                                                                                                              member must have a SingPass and email account                   agreement in the presence of a bank officer.
                                                                                            MOE through Nanyang Polytechnic has made the TFL
                                                                                                                                                                                              before application can be made online.
                                 Refer to CPFB website cpf.gov.sg for more details.         available. DBS Bank is the agent bank appointed to
                                                                                                                                                                                                                                                            • Criteria for guarantor:
                                                                                            administer the scheme.
                                                                                                                                                                                            International students:                                           (a) from 21 years old to 60 years old;
                                                                                                                                                                                            Hard-copy application by downloading the form                     (b) Singapore Citizen (SC) – for SC applicant;
                                                                                                                                                                                            cpf.gov.sg/Assets/members/Documents/FORM_AES_                     (c) SC/Singapore Permanent Resident (SPR) –
  Eligibility                    • All full-time subsidised diploma students.               • All full-time subsidised diploma students.                                                    F1.pdf. Complete the form and mail it back to Nanyang                 for SPR applicant;
                                 • This scheme is not applicable to Poly Foundation         • This scheme is not applicable to Polytechnic                                                  Polytechnic using the Reply Envelope.                             (d) SC/SPR – for international applicant; and
                                   Programme students.                                        Foundation Programme students.                                                                                                                                  (e) not an undischarged bankrupt.

  Loan Amount                    Up to 100% of Tuition Fees, subject to the available       Up to a maximum amount of 75% of Tuition Fees.                  Application Period              Before enrolment due date stated in the Offer Letter.           Before enrolment due date stated in the Offer Letter.
                                 balance in their CPF savings under the education
                                 scheme.

  Interest Payable               Prevailing CPF interest rate. Interest will be charged     The average prime rate of the three local banks, i.e. DBS,    BURSARIES
                                 from the time the savings are withdrawn.                   OCBC and UOB. Interest will be charged from 1 June or         There are bursaries for students who require financial assistance to apply         A number of scholarships are offered by NYP, various government and
                                                                                            1 December in the year of graduation.                         at different times of the academic year. Applicants must be enrolled in an         private organisations at different times during an academic year to
                                                                                                                                                          NYP course at the time of application and receipt of the bursary. Students         students. These awards are open for application by enrolled students
                                                                                                                                                          will be informed of the application exercise and application procedures            and have varying eligibility criteria. The main application exercises for
  Repayment Period               Maximum of 12 years.                                       Maximum of 10 years.                                          via their NYP email about a week before each application exercise. The             scholarships are held in the first semester of an academic year.
                                                                                                                                                          duration between application and receipt of bursary money generally
                                                                                                                                                          takes up to three months. Recipients will be notified via their NYP email          The NYP Scholarship Programme offers an array of scholarships to
                                                                                                                                                          of the estimated date of receipt of bursary money.                                 students who demonstrate outstanding aptitudes within or beyond
  Repayment Amount               Minimum of S$100 per month.                                Minimum of S$100 per month.                                                                                                                      their academic capabilities, have good leadership qualities and/or
                                                                                                                                                                                                                                             special talents. These bond-free scholarships, available to students from
                                                                                                                                                          SCHOLARSHIPS AND SPONSORSHIPS                                                      different entry pathways, are offered to Singapore Citizens and Singapore
  Commencement of                1 year after graduation or 1 year from the date of         1 year after graduation date or date of leaving the course,   Students from the School of Health Sciences may apply for scholarships             Permanent Residents enrolled in full-time Diploma courses. The NYP
  Loan Repayment                 leaving the course, whichever is earlier.                  whichever is earlier.                                         and sponsorships offered by MOH Holdings, various healthcare                       Scholarship covers annual tuition fees up to the amount payable by
                                                                                                                                                          institutions and voluntary welfare organisations, on entry or at any point         Singapore Citizens (after tuition grant).
                                                                                                                                                          throughout the course. Successful sponsorship applicants will be given a
                                                                                                                                                          monthly allowance during their course of study at the Polytechnic. Upon            Details of such awards can be obtained from the NYP website. Students
                                                                                                                                                          completion of their studies, they are required to serve a bond with the            are also advised to check their NYP student email accounts regularly for
                                                                                                                                                          sponsoring organisations.                                                          announcements of application exercises.

                                                                                                                                                          Scholarships are also available for outstanding health science graduates
                                                                                                                                                          to pursue a degree conversion after completion of the diploma
                                                                                                                                                          programme.

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