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Budget 2020: Increased Bursaries, More Overseas Opportunities For Higher Education Students

Increased bursaries for polytechnic, ITE, university students in Singapore

The Singapore Government will increase its spending on bursaries for higher education, from S$148 million per year to S$198 million per year, said Finance Minister Heng Swee Keat.

Polytechnic, ITE and university students from low and middle-income families will receive higher education bursaries from 2020.

Cash bursaries for eligible students will be increased by up to S$200 a year.

On top of the cash bursary, students who come from households under the lowest-income tier will now also be given a 100% fee subsidy.

Heng also said the Government aims to help more local students in institutes of higher learning (IHL) gain overseas experiences to help them acquire cross-cultural skills.

A “70-70” target is set — for 70% of local IHL students to have an overseas experience, and 70% of this group to have exposure to ASEAN, China or India.

A new Asia-Ready Exposure Programme will be introduced to support this, while more support will be added for overseas internships under the existing Global Ready Talent Programme.

Featured Image Credit: NTUitive

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