GEM Discoverer [Global Immersion Programme (GIP)] Scholarship/OSP Loan 

Other Programmes
SBS (Biomedical Sciences - BUCM) | CEE (Maritime Exchange Programme) / HSS-Peking University (PKU) | Overseas Attachments / Immersions / Internships / OrientationsGEM Explorer [INSTEP] / GEM Discoverer Summer Studies [GSS] / SBS - FYP  


These schemes are designed to help students going on GIP who face financial difficulties to defray their overseas expenditure.

Scholarship: Ng Bok Eng Scholarship
                   International Business Fellowship Programme Award

Loan: Overseas Student Programme (OSP) Loan

Eligibility

GEM Discoverer [GIP] Scholarship (need-based)

Open to financially needy full-time NTU Singaporean or Singapore Permanent Resident undergraduates on the GEM Discoverer [Global Immersion Programme].
 OSP Loan Open to all financially needy full-time NTU undergraduates going on GEM Discoverer [Global Immersion Programme].
  • A student is only eligible for one OSP Loan during his/her course of study at NTU.
  • Fee-paying students embarking on Fee-paying Scheme (i.e. students who undertake to apply to the host university on their own accord) are not eligible for the award/loan schemes here.

Quantum

GEM Discoverer - Full Semester [GIP – Full semester]

Scheme

Country of study /attachment

Max Aid applicable

 

Singaporean

Singapore PR

International

Ng Bok Eng Scholarship

IBF Award

China

Ng Bok Eng Scholarship             $3,000

 IBF Award#                     up to  $2,200 

#  IBF Award is not applicable for programmes in Beijing & Shanghai

NA

Vietnam / Indonesia

Ng Bok Eng Scholarship              $3,000

    IBF Award                         up to $2,400

NA

India

Ng Bok Eng Scholarship              $3,000

    IBF Award                         up to $4,800

NA

US / Europe 

 $3,000

NA

 

OSP Loan and Scholarship / Award

China / India / Vietnam /Indonesia 

 $6,000

$3,000

$3,000

 

US

  $16,000

(Max $6,400 - for the 6 weeks programme at Imperial College)

$3,000

$3,000

 

Europe

  $12,000

$3,000

$3,000

GEM Discoverer Prelude [GIP Prelude]

Scheme

Country of study /attachment

Max Aid applicable

 

Singaporean

Singapore PR

International

Ng Bok Eng Scholarship

China / India / Vietnam

Ng Bok Eng Scholarship             $500 

IBF Award:  $200 China/Vietnam,   $400 India


IBF Award is not applicable for programmes in Beijing & Shanghai

NA

 OSP Loan

China / India / Vietnam

NA

NA

For OSP Loan applicants

Guarantor Requirements

    1. Guarantor must be age 21 - 60 years and not a bankrupt.
    2. A loan applicant who is a:
      • Singaporean student to provide a Singaporean guarantor
      • SPR and International students to provide a Singaporean / SPR guarantor
    3. A person should not stand in as a guarantor for more than 2 loans.
    4. The guarantor must be gainfully employed.
    5. A student of Nanyang Technological University who satisfies (1), (2) and (3) may also act as a guarantor. However, a student who is in the process of applying or holding Tuition Fee Loan / loan from CPF Education Scheme or any other form of loan should not stand as a guarantor.
    6. If the application for OSP loan is successful, the applicant and the guarantor have to be both present at NTU to sign the Loan Agreement
Interest
  • Interest-free during course of study.
  • Interest will commence upon graduation.  Interest rate will be based on average prime lending rate of the 3 local banks (DBS, OCBC & UOB).

Repayment

GEM Discoverer [GIP] Scholarship  No repayment required
OSP Loan
  • Maximum loan period of 5 years.
  • Minimum repayment of $100 per month (monthly instalment of $100).
  • For Singaporean students, repayment to commence no later than 2 years after graduation or upon securing employment (whichever is earlier).
  • For Singapore PR and international students, repayment to commence no later than 3 months after graduation.
  • You may carry out a prepayment of your loan in part or in full any time without incurring any prepayment charges.

How to apply

  • Apply online through StudentLink during the application period.
  • You may apply on or after you have applied for your overseas programme. You need not wait for your programme outcome before applying to us.
  • Submit supporting documents.
  • The outcome of your application will be informed to you 3 weeks after the application closing date.

Sequence of events:

  1. Submit application form and all relevant supporting documents to Office of Admissions & Financial Aid (OAFA) by the given deadline.
  2. You will be informed of your application outcome 3 weeks after the application closing date.
  3. If you are awarded the scholarship/Travel Award, Office of Finance will release the cheque to you through GIP Office.
  4. If you are granted the Loan:
    • A Loan Offer will be forwarded to you via email. You are required to click on the link provided in the email to indicate acceptance.
    • Within 2 weeks of your loan acceptance, Office of Finance will contact you to arrange for both yourself and your guarantor to visit their office to sign the Loan Agreement.
    • After the Loan Agreement has been signed, Office of Finance will release the entire approved loan amount (in one lump sum) to you via a cheque after you have been confirmed an overseas placement.

Application Period

GEM Discoverer - Full Semester [GIP Full Semester]  AY2012-13 Semester 1:  1 February 2012 to 1 April 2012
GEM Discoverer Prelude [GIP Prelude]  AY2012-13 Semester 15 March 2012 to 1 April 2012

Printer-friendly | Send to a friend