In the previous article, we have established that the most expensive degree, which is medicine, at the National University of Singapore (NUS) would cost about $207,000 in 10 years’ time.
In this article, we will dive deeper into the options to get this money to fund your child’s university education.
If you have the luxury of time to plan, save and even invest, the rest of the article would not be relevant to you. This article will focus on getting funding in the short term with the help of loans, which will be useful if your child is about to matriculate into the university.
Loan Options
We will discuss the various financing options:
- CPF Education Scheme
- Ministry of Education (MOE) Funded Bank Tuition Loans [DBS and OCBC Banks only]
- Other Commercial Bank Tuition Loans [9 options available]
We deliberately separate bank loans into those with MOE funding and those without MOE funding. This is ...
...