- Saturday, July 04, 2015
The 2014 HSBC report ranks Singapore as the second most expensive destination for higher education. However, that fact alone should not be a deterrent for international students looking to study in a university or educational institute in Singapore. Students should also consider certain important factors while thinking about Singapore as a Study Abroad destination.
1. Quality of Education
Singapore is a premier destination for students looking for world-class institutions to complete their graduation or post-graduation studies. The quality of education provided by these institutions is among the highest not only in the Asia-Pacific region but also in the whole world. The universities in the country are considered to be the best in the world with consistent world rankings. Therefore, the high quality of instruction provided offsets the high costs of education.
2. Tuition Grant Scheme
The Tuition Grant Scheme was created by the Government of Singapore so that the cost of tertiary education could be reduced to a more manageable level for students. This scheme can be availed by all the students who have enrolled in any of the participating institutions. It is open for students of undergraduate or diploma courses.
The application for the tuition grant must be submitted separately from the enrolment application for the university.
International students can easily apply for the tuition grant. However, on the completion of their course, they have to work for an organisation based and registered in Singapore. International students have to sign a bond with the Singaporean government for this purpose.
The tuition grant does not pay the entire fees of the student but a portion of it. The student has to pay the difference. In most cases, the international student may end up paying only half of the tuition fees, while the rest would be taken care by the grant.
3. Tuition and Associated Expenses
The tuition costs in Singapore tend to be quite sizeable. The average costs for a graduate course could be as low as SGD 10,000. While studying in the premier institutions of Singapore, students have to pay in the range of SGD 30,000 for a graduate course. The costs of postgraduate studies are also comparatively higher.
The universities and other educational institutes have a different fee structure in place for international students. In some cases, the international student has to pay up to 50% more than a native student as tuition fees for the same course.
The polytechnic institutes in Singapore are not as expensive as the universities.
Any associated costs of tuition are dependent on the course and the institute. Generally, these costs are very low. In some cases, they may be merged into the total cost package charged by the institute.
4. Living Expenses
International students can request their universities to provide them lodging at the on-campus hostels or dormitories. Off-campus options are also available. However, such accommodation can be more expensive than the options provided by the universities. In most cases, universities provide meals for the students, which greatly reduces the living expenses.
5. Transportation Expenses
The public transportation system in Singapore is excellent and cheap. Average expenses in this category are SGD 100 per month that is affordable even for international students. Additionally, transportation expenses can be further reduced by living at the lodging facilities provided by the universities.
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