More bursaries and fee assistance for students from low- and middle-income background
More will be done to strengthen opportunities for lower-and middle-income students, both at pre-schools and at Institutes of Higher Learning.
Finance Minister Tharman Shanmugaratnan says $147 million more will be spent each year just on this.
First, enhancements to pre-school education.
"Our existing financial assistance scheme for kindergartens is aimed at lower-income households. We will enhance this in 2 ways through the The Kindergarten Fee Assistance Scheme. First, we will provide more fee assistance, and extend this to the middle-income group."
With this change, more households in the lowest quartile - earning up to $3,000 a month - will now pay just $3 a month, down from as much as $75 previously.
A lower-middle income household that earns $4,800 a month will now pay $85 a month, compared to about $130 today.
KiFAS will also be made available to all Anchor Operators and MOE Kindergartens.
Next, more students will qualify for bursaries at Institutes of Higher Learning -
When the per capita monthly household income threshold to qualify will be raised from $1,700 to $1,900.
This will benefit students from two-thirds of all Singaporean households.
For university undergraduates, those from the lowest one-third of households will see their bursaries go up from $3,600 a year.
Middle-income students will see a $450 increase to $2,600 a year.
Polytechnic and Institute of Technical Education students from middle-income families will also receive increased support.
ITE bursaries for lower-income students will be significantly higher than their fees, helping them defray their living expenses.
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