NTU to raise tuition fees by 4%
UNDERGRADUATE tuition fees at the Nanyang Technological University (NTU) are going up.Incoming students in the new academic year will have to pay an annual fee of $6,360 up about 4 percentage points from $6,100 last year, NTU said in a press release on Wednesday.
Varsities up tuition fees by 4% to 20% NUS, NTU, SMU to cushion effect with more financial aid and 'lock-in' system. -ST -->
TUITION fees at the three local universities will go up by between 4 per cent and 20 per cent for the new batch of undergraduates entering in August.
But to cushion their effect, all the varsities will introduce more financial help schemes, as well as a 'lock-in' fee structure first pioneered by the Singapore Management University (SMU), where students pay a set fee and will not be affected by future increases.
All of us probably can hang loose because school fees for the kids does not bother us as it is almost free from Primary school to College.
SMU course fee a year is about $7500 a year back.
With purchase of laptop as well. That cost slightly above $10,000 in total then to start first year in the University.
So you can imagine the Uni fees will be something most of us did not really bother, partly also because we can use our CPF as well. In the industry, people use to put an inflation of 6% on it, so the longer it is due, the fee will be higher in latter years. If you want to know how much it is, use a financial calculator and set the interest and term and compute the future value and you will know how much it will be.
Will you need a study loan? Some parents will think why let the kid start life with debt to pay after the Uni.
Start a savings plan early.
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