Other Programmes
SBS (Biomedical Sciences - BUCM) | CEE (Maritime Exchange Programme) | Global Immersion Programme (GIP)
This scheme is designed to help students going on any of the programmes listed below who face financial difficulties to defray their overseas expenditure.
Loan : Overseas Student Programme (OSP) Loan
Eligibility
| OSP Loan |
Open to all financially needy full-time NTU undergraduates going to
- ADM Internship
- Enhanced Industrial Attachment
- Global Summer Studies
- Global Discovery Programme
- HSS Professional Attachment
- INSTEP
- Industrial Attachment
- Industrial Immersion for Maritime students
- Industrial Internship Programme
- Industrial Orientation
- International Research Attachment
- Professional Attachment
- Professional Internship
- SBS-FYP Overseas Programme
|
|
|
Quantum
|
OSP Loan for INSTEP |
Asia |
S$5,000 |
S$3,000 |
| Oceania / US / Europe / Africa |
S$10,000 |
| OSP Loan for SBS-FYP Overseas Programme |
Asia |
S$6,000 |
S$3,000 |
| Oceania / US / Europe / Africa |
S$8,000 |
| OSP Loan for Global Discovery Programme |
India |
S$3,000 |
S$3,000
S$2,200 |
| Vietnam |
S$2,200 |
|
Travel Award
- ADM Internship
- Enhanced Industrial Attachment(EIA) (30wks)
- HSS Professional Attachment for Humanities and Social Sciences students (HPAP)
- Industrial Attachment(IA) (22wks)
- Industrial Immersion (II) for Maritime Studies students (10 wks)
- Industrial Internship Programme (IIP) for SPMS students (22wks)
- International Research Attachment (IRA) (30wks)
- NBS Professional Attachment (PA) for Accountancy & Business students
- Professional Internship (PI) for Communication Studies students (24wks)
|
Asia |
22 - 30 weeks |
S$3000 |
NA |
|
8-12 weeks |
S$1500 |
|
5 weeks |
$750 |
|
Oceania / US / Europe / Africa |
22 30 weeks |
S$3000 |
NA |
|
8 -12 weeks |
S$1500 |
|
5 weeks |
S$750 |
- OSP Loan for programmes listed above.
|
Asia |
22 - 30 weeks |
S$7000 |
S$3000 |
|
8 -12 weeks |
S$3500 |
|
5 weeks |
S$1750 |
| Oceania / US / Europe / Africa |
22 - 30 weeks |
S$12000 |
S$3000 |
|
8 -12 weeks |
S$6000 |
|
5 weeks |
S$3000 |
For OSP Loan applicants
Guarantor Requirements
- The guarantor must be above 21 years of age and not exceeding 60 years.
- A loan applicant who is a:
- Singaporean student to provide a Singaporean guarantor
- SPR student to provide a Singaporean / SPR guarantor
- International student to provide a guarantor of any nationality
- The guarantor must not be a bankrupt.
- The guarantor must be gainfully employed.
- If the person is also a loan applicant, he/she should not stand in as a guarantor for another loan applicant because of his/her loan liability.
- A person should not stand in as a guarantor for more than 2 loans.
- For SPR & international applicants, a student of Nanyang Technological University who satisfies (1), (2) and (3) may also act as a guarantor. However, a student who is holding Tuition Fee Loan / loan from CPF Education Scheme or any other form of loan should not stand as a guarantor. For Singaporean applicants, students of Nanyang Technological University may not act as a guarantor.
- 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
| 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.
- Please apply only 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:
- Submit application form and all relevant supporting documents to Office of Admissions & Financial Aid (OAFA) by the given deadline.
- You will be informed of your application outcome 3 weeks after the application closing date.
- If you are granted the loan:
- A Loan Letter of Offer will be forwarded to you. You are required to sign on the Letter of Offer to indicate acceptance, and return it to OAFA.
- 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.
All programmes (except INSTEP & GSS): The Office incharge of your Overseas Programme will update Office of Finance once your overseas placement is confirmed.
INSTEP & GSS: Applicants must submit a copy of their Overseas Host University / Company Acceptance Letter to Office of Admissions and Financial Aid as soon as it is available.
Application period
AY2009-10 Semester 2: 1 September 2009 to 30 September 2009
- INSTEP
- SBS-FYP Overseas Programme
AY2009-10 Semester 1: 1 October 2009 to 30 October 2009
- ADM Internship
- NBS Professional Attachment (PA) for Accountancy & Business students
AY2009-10 Semester 2: 1 October 2009 to 30 October 2009
- ADM Internship
- Enhanced Industrial Attachment (EIA)
- Industrial Attachment (IA)
- Industrial Internship Programme (IIP) for SPMS students
- International Research (IRA)
- Professional Internship (PI) for Communication Studies students
AY2009-10 Semester 1: 24 August 2009 to 30 September 2009
- Global Discovery Programme (to India)