During this time of the year, students are receiving their university admissions and deciding which university they will attend in the coming academic year.
With the increasing rate of inflation in Singapore, education costs such as university fees are also much higher than they were earlier in the decade. Still, the cost of tuition for Singaporean students at local universities is a fraction of the tuition in other countries. In particular, the cost of obtaining a university education is especially high in the United States and the United Kingdom.
For instance, while OCBC’s Frank Education Loan is one of the best options for local and international full-time students, Maybank’s Education Loan might be a better option for low-income students due to its low minimum income requirements. Even if you were not offered a scholarship as part of your admissions offer letter, you may be able to find one through the university. At some universities in Singapore, it is possible for students to apply for "short-term" scholarships once they've matriculated. These scholarships can offer up to about $15,000, a sizable sum for those seeking to make their education more affordable.
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