Financial Schemes

For Course Fees

Financial schemes are available to eligible students. They may cover all or part of the course fees. Any remaining fees, including other charges such as insurance, must be paid by the student.

From 1 July 2026, the new Higher Education Student Loan will be implemented to provide loans to aid students in financing their MOE-subsidised diploma.

For more details, please refer to the MOE Higher Education Student Loan.

What is HESL:	A government student loan scheme that helps finance tuition fees and living expenses during your polytechnic studies. HESL will replace the Tuition Fee Loan (TFL) for new applicants from 1 July 2026. No new applications for TFL will be accepted from 1 June 2026.
Eligibility Criteria:	Full-time subsidised^# students who do not currently hold a Tuition Fee Loan (TFL), including: Newly matriculated students (AY2026 intake) Existing students (AY2025 intake and earlier)
Loan Coverage:	Base Loan (Tuition Fees): Up to 90% for Singapore Citizens Up to 75% for Permanent Residents Up to 55% for International Students *Additional Support (Means-Tested^):** Remaining tuition fees (Singapore Citizens only) Living allowance of up to $3,200 per academic year Approved loan funds will first be used to offset outstanding tuition fees. Any remaining balance (for students who opt for living allowance) will be disbursed to the student.
Important Notes:	Existing borrowers do not need to take action now and your existing loan will continue. If you require additional loan support under HESL, please wait for further information to be shared in August 2026. Students may refer to Brightspace for more information and updates. Government loans must be repaid after graduation or leaving school, and students are encouraged to consider other financial assistance schemes such as bursaries or PSEA before applying.
Loan Terms (Interest, Repayment & Guarantor):	The Loan is interest-free during the course of study, with interest commencing upon graduation or leaving the course. Repayment starts after graduation or leaving the course, with minimum repayment of $100 per month, and a repayment period of up to 10 years. You will need a guarantor between the age of 21 and 60 years old, meet the citizenship status criteria and is not an undischarged bankrupt. For detailed information on interest rates, repayment terms and guarantor requirements, please refer to the DBS loan rates page and DBS Education Loan website.
Application:	Applications Open: 1 July 2026 (10:00am) Apply via the StudentLoanSG (SLSG) portal (link will be active from 1 July 2026). Log in using Singpass Prepare required documents before submission
Contact:	For enquiries, please contact: student_loans@sp.edu.sg

Important Timeline

31 May 2026	Last day to apply for existing Tuition Fee Loan (TFL) for students with no existing loan
From 1 June 2026	No new TFL applications will be accepted
1 July 2026 (10:00am)	HESL applications open for eligible students

*Means-tested: Eligibility is assessed based on household income. Singapore Citizens and Permanent Residents with gross monthly household per capita income (PCI) of $3,500 or less, and International Students with PCI of $1,875 or less, may qualify for additional support.

#Subsidised: Refers to students who have accepted the Tuition Grant and are paying subsidised tuition fees.

Eligibility Criteria:	Singaporeans or students with Singaporean siblings who have PSEA funds.
Quantum:	Total amount of PSEA funds in the student or sibling's account.
Application:	1. PSEA Standing Order For New and Existing students For deduction of school fees (until depletion of funds or termination by student) Using student's own and/or sibling's account Submit e-application via: https://go.gov.sg/psea-standing-order To terminate the standing order, submit via: https://go.gov.sg/terminateso 2. PSEA Ad Hoc Withdrawal For Existing students For one-time deduction of school fees after billing For claiming cost of overseas trips within 2 weeks after return Using student's own and/or sibling's account Submit e-application via: https://go.gov.sg/psea-withdrawal-sp1 Important to Note before Application: Student, parent/legal guardian and siblings must be 21 or older, with SingPass and email accounts. Apply for SingPass at: www.singpass.gov.sg Siblings (21+) must authorise within 7 calendar days of application submission. If student is 21+ and using sibling's PSEA (who is < 21), parent must authorise within 7 days.
Balance Enquiry:	Check your PSEA balance via MOE's PSEA Hotline: 6260 0777
More Information:	Visit https://www.moe.gov.sg/financial-matters/psea

Eligibility Criteria:	Full time Diploma students who are Singaporean (SG) or Singapore Permanent Resident (SPR) student and is receiving the MOE Tuition Grant
Quantum:	Up to 100% of the tuition fees (excluding other fees).
Duration:	From time of approval until the student completes his/her studies in Polytechnic, or until the funds in the CPF account being used run out.
Application:	Applications can only be made during a limited period at the start of each semester. Check SP’s announcements on e-learning@SP (Brightspace) or CPF’s application schedule for the opening period. Both students and account holders must have a SingPass. Apply online on the CPF Education Loan Scheme website.
More Information:	Contact the CPF Call Centre at Tel: 1800-227-1188 or write to CPF here.