Updated: 02/22/2014 06:17

More bursaries and fee assistance for students from low- and middle-income background



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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