Cost of Studying in NTU

School Fees

1. The rates of full school fees payable by students for Academic Years 2002-03 are as follows:

Table A: Tuition Fees/Tuition Grant for Academic Year
2002 - 2003

Courses	Full Tuition Fee	Fee S'pore/PR Students		Foreign Students
MOE Tuition Grant	Direct Student Payment	MOE Tuition Grant	Direct Student Payment
Laboratory Based Courses - Comm Studies - Computer Eng - Engineering - Materials Eng - Science (Ed.) - Bio. Sciences	$21,350	$15,700	$5,650* ($164.56)	$15,130	$6,220* ($181.16)
Non- Laboratory Based Courses - Accountancy - Business - Arts (Ed.)	$19,350	$13,700	$5,650* ($164.56)	$13,130	$6,220* ($181.16)

Up to 80% of direct payment may be obtained from Tuition Fee Loans Scheme.
(Please refer to para 16 to 20. The direct payment is inclusive of 3% GST.
(amount of which is reflected in brackets)

The terms of the loan are as follows:

a. Interest Rate
An interest rate at the average of the prime rates of the following banks, DBS, OCBC and UOB, prevailing on the first day of each quarter or such other rates as may be determined from time to time will be charged upon graduation.

Interest will commence on 1st February of the year following graduation for students who graduate at the end of Semester 1 and 1st August in the year of graduation for students who graduate at the end of Semester 2.

Interest will be accrued on a monthly basis.

b. Repayment
The following repayment terms are applicable:

(i) Repayment of loan can be in one lump sum or by equal monthly installments commencing not later than two years from the date that interest is first chargeable on the loan.

(ii) The minimum amount of repayment is $100 per month and the maximum repayment period is 20 years.

(iii) In the event that the student leaves the University without completing the course of study, the loan outstanding will immediately become due and payable. He may, however, repay the outstanding sum by monthly installments on such terms and conditions as the University may allow depending on the circumstances of each case.

(iv) Early repayment of the loan in full or in part will be allowed after 7 working days' written notice has been given. Partial repayment may be made in multiples of $1,000.

c. Guarantor
One guarantor above 21 years but below 60 years is required. There is no income qualification. Non-Singaporean guarantors are acceptable for foreign students.

d. Late Payment Charge
Penalty interest will be levied at the rate of 1% per month on installments in arrears.

*You may want to check out other alternative for loans online.