Yale-NUS Financial Aid is offered in order to ensure that all of our students have access to the unique experiences of a Yale-NUS education. Our Financial Aid philosophy is based on the principle that paying for a college education should be a partnership between students, their families and the College. We know that each student’s circumstances will differ, and that’s why we do not offer a one-size-fits-all approach. You can be assured that your individual circumstances will be considered in the Financial Aid application process. And we will be here to answer any questions you may have.

Types of Financial Aid Available

Merit-based Scholarships

Merit-based Scholarships are awarded to exceptional students who show excellence through their admission application. Scholarships are awarded in recognition of success in academics, extracurricular involvement and leadership. These qualities are assessed in our holistic admission review and, as such, a separate application for merit scholarships is not required. 

Need-based Study Awards

At Yale-NUS, one size does not fit all. That’s our approach to study awards. From the admission process, we know you are an individual and that means the way you will financially support your college education is individual as well. We believe in working with each student, one-on-one, to ensure Yale-NUS is an affordable option for a truly unique educational experience.

Need-based Study Awards are available to students from all backgrounds and nationalities. Study Awards are determined based on your family’s ability to contribute to the Cost of Attendance at Yale-NUS (tuition fees, Residential College fees and other miscellaneous fees). Financial Aid Awards may consist of the following:

  • Yale-NUS Study Award: Grants provided by Yale-NUS College to assist students who require financial assistance to attend the College. This award may be used to reduce the cost of both tuition and Residential College fees. The amount awarded will vary and is dependent on the financial circumstances of the student’s immediate family.

  • Donors’ Study Award: Grants made possible by the generosity of individuals and organisations who support the mission of Yale-NUS.

All students admitted to Yale-NUS, regardless of citizenship, will have their full demonstrated need met by the College, as assessed by Yale-NUS’s financial need model. Yale-NUS financial aid packages do not include a required loan component. Some students may opt for the Tuition Fee Loan (TFL) or other students loans, in order to meet their Family Contribution.

As circumstances may change each year, Yale-NUS students will be asked to reapply annually so we can offer the most comprehensive Study Award appropriate.

 

Family Contribution

The Financial Aid Office will evaluate gross family income, number of persons in the household, and the local cost of living in order to determine an appropriate Family Contribution towards the Cost of Attendance at Yale-NUS.

In order to meet the Family Contribution, it is suggested that both parents and students contribute towards the Cost of Attendance at Yale-NUS College. The suggested Student Contribution is $1,500 and reflects a reasonable earning potential of students through part-time work throughout the academic year or savings from summer jobs. A variety of jobs are available on campus with pay rates between $10 and $25/hour and international students may work up to 16 hours per week during the school term (and full-time during vacations) in accordance with their Student Pass. Students may also wish to contribute to net cost of attendance through off-campus employment, employment during semester breaks or optional loans.

Tuition Grant (TG) Scheme

The Tuition Grant (TG) Scheme is offered by the Government of Singapore to international and Singapore Permanent Resident students pursuing a course of study at Yale-NUS. The TG Scheme offers a subsidised tuition rate and comes with a three-year work obligation upon graduation. In order to satisfy the work obligation, students must work for a Singapore entity or an overseas affiliate while remaining on the Singapore payroll. All earnings within the three-year work period, apart from income tax payments, will be kept by the student.

Students who opt to take up the TG Scheme will be required to sign the Tuition Grant Agreement. Further information will be provided upon confirmation of enrolment at Yale-NUS.

Students who opt not to take up the TG Scheme will be required to pay unsubsidised fees, which includes the relevant Supplementary Fee, but will not have a work obligation upon graduation. Note that Yale-NUS financial aid does not apply to the Supplementary Fee. 

For additional information on the TG Scheme, please refer to these FAQs.

The Financial Aid Application Process

Applying for financial aid is easy. Once an admissions application is submitted, applicants will receive an email outlining the necessary steps from the Financial Aid Office. At that time, applicants will have the option to either submit a financial aid application or a simple declaration informing us they do not wish to be considered for need-based financial aid.

Deferred matriculants (those serving National Service or on a gap year) will receive notification of the opening of the Financial Aid Application in January of their intended matriculation year. For Singapore Permanent Resident and international students on a gap year, you will only receive this notification if you have qualified for financial aid the year you were admitted to Yale-NUS.

  • Step 1: Log in to the Yale-NUS Applicant Status Page to access the Financial Aid Application page.

  • Step 2: Decide if you want to submit a Financial Aid Application or a declaration that you do not wish to be considered for financial aid. If you do not wish to be considered for financial aid, you may submit your declaration immediately.

  • Step 3: If you wish to submit a Financial Aid Application, gather all the required supporting documents in soft copy. The list of required documents can be found below.

  • Step 4: Complete the application form and upload required supporting documents. The form will ask for information about your household, immediate family members, their employment status, their gross annual income, family assets etc.

  • Step 5: Submit the form or save it for later submission.

  

Required Supporting Documents

Instructions

The supporting documents required to complete a financial aid application can be found below. Please select the citizenship status that applies to you. Examples of different tax documents have also been provided below.

Singapore Citizens
  • A clear copy of front and back of applicant’s National Registration Identity Card (NRIC- Pink).
  • Parents’ income tax documents showing gross* income earned (for students applying for financial aid for Academic Year 2021-22, tax documents should show income earned in 2019**. For Singapore taxpayers, this document is the Notice of Assessment 2020 (which shows income earned in 2019)). Please refer to “Tax Document Examples” below for more details.
  • If parents received dividend income and this income is not reflected in the tax document, please submit a statement from the Central Depository and/or share/mutual fund administrator as of 31 December 2019.
  • If parents received interest income (from bank savings, bond holdings etc) exceeding S$5,000 and this income is not reflected in the tax document as of 31 December 2019, please submit supporting bank statements and bond holding statements. If total interest income did not exceed S$5,000, no supporting documents have to be submitted.
  • Income tax documents from all working family members living in applicant’s household showing income earned (For Singapore taxpayers, this document is the Notice of Assessment 2020 (which shows income earned in 2019)). Please refer to “Tax Document Examples” below for more details.
  • Any other relevant documents deemed necessary to provide a better understanding of your family financial situation.
  • Please submit translations of all documents not provided in English. Self-translations are acceptable. Applicants should upload both the original document in its native language and the translated copy.

 

Notes:

*Gross income refers to income prior to any deductions for tax, social security, pension or other purposes. Gross income includes:

  • income from self-employment;
  • income from salaried employment (include basic salary, bonuses, allowances, overtime pay and tips);
  • director’s fees;
  • income from trade;
  • income from business;
  • income from pension;
  • rental income;
  • dividend income;
  • interest income;
  • alimony received by custodial parent (if parents are divorced);
  • child support received by custodial parent (if parents are divorced);
  • any other income.

** Yale-NUS requests income documents pertaining to income earned in 2019 (not 2020) so as to capture complete year-end earnings from all tax jurisdictions regardless of tax cycle.

Singapore Permanent Residents
  • A clear copy of front and back of applicant’s National Registration Identity Card (NRIC- Blue).
  • Parents’ income tax documents showing gross* income (for students applying for financial aid for Academic Year 2021-22, tax documents should show income earned in 2019**. For Singapore taxpayers, this document is the Notice of Assessment 2020 (which shows income earned in 2019)). Please refer to “Tax Document Examples” below for more details.
  • If parents received dividend income and this income is not reflected in the tax document, please submit a statement from the Central Depository and/or share/mutual fund administrator as of 31 December 2019.
  • If parents received interest income (from bank savings, bond holdings etc) exceeding S$5,000 and this income is not reflected in the tax document as of 31 December 2019, please submit supporting bank statements and bond holding statements. If total interest income did not exceed S$5,000, no supporting documents have to be submitted.
  • Any other relevant documents deemed necessary to provide a better understanding of your family financial situation.
  • Please submit translations of all documents not provided in English. Self-translations are acceptable.  Applicants should upload both the original document in its native language and the translated copy.

 

Notes:

*Gross income refers to income prior to any deductions for tax, social security, pension or other purposes. Gross income includes:

  • income from self-employment;
  • income from salaried employment (include basic salary, bonuses, allowances, overtime pay and tips);
  • director’s fees;
  • income from trade;
  • income from business;
  • income from pension;
  • rental income;
  • dividend income;
  • interest income;
  • alimony received by custodial parent (if parents are divorced);
  • child support received by custodial parent (if parents are divorced);
  • any other income.

** Yale-NUS requests income documents pertaining to income earned in 2019 (not 2020) so as to capture complete year-end earnings from all tax jurisdictions regardless of tax cycle.

International Applicants
  • A clear copy of the particulars page of the applicant’s passport.
  • Parents’ income tax documents showing gross* income earned (for students applying for financial aid for Academic Year 2021-22, tax documents should show income earned in 2019**). Please refer to “Tax Document Examples” below for more details.
  • If parents received dividend income and this income is not reflected in the tax document, please submit an alternative supporting document which shows the dividend received in the income period requested for.
  • If parents received interest income (from bank savings, bond holdings etc) exceeding S$5,000 and this income is not reflected in the tax document as of end of tax year (for example, 31 December 2019, 31 March 2020 or 30 June 2020), please submit supporting bank statements and bond holding statements. If total interest income did not exceed S$5,000, no supporting documents have to be submitted.
  • Any other relevant documents deemed necessary to provide a better understanding of your family financial situation.
  • Please submit translations of all documents not provided in English. Self-translations are acceptable. Applicants should upload both the original document in its native language and the translated copy.
 

Notes:

*Gross income refers to income prior to any deductions for tax, social security, pension or other purposes. Gross income includes:

  • income from self-employment;
  • income from salaried employment (include basic salary, bonuses, allowances, overtime pay and tips);
  • director’s fees;
  • income from trade;
  • income from business;
  • income from pension;
  • rental income;
  • dividend income;
  • interest income;
  • alimony received by custodial parent (if parents are divorced);
  • child support received by custodial parent (if parents are divorced);
  • any other income.

** Yale-NUS requests income documents pertaining to income earned in 2019 (not 2020) so as to capture complete year-end earnings from all tax jurisdictions regardless of tax cycle.

Tax Document Examples

Here are a few examples of tax documents:

  • Singapore: IRAS Notice of Assessment (NOA) 2020 (the NOA 2020 is issued for income earned in 2019).  If an NOA is not available, then the Form IR8A or Form IR8E provided by the employer (or multiple employers if there was a job change) for year ending 31 December 2019 must be provided.
  • United States: 1040, all relevant W-2s and corresponding schedules for income earned in 2019.
  • Australia, New Zealand, India, Pakistan, Hong Kong (and all other tax jurisdictions where the tax year crosses two calendar years, for example, April 2019 – March 2020): Please provide tax documents for income earned in 2019 – 2020. The Notice of Assessment, or its equivalent, will have been issued in 2020.
  • India: In addition to the “Indian Income Tax Return Acknowledgement” document (Assessment Year 2020-2021), please also provide ITR indicated under “Form Number” on the document, e.g. ITR-1, ITR-2, ITR-3, etc.
  • All countries where the tax year coincides with the calendar year i.e. January – December: please provide tax documents for income earned in 2019. The Notice of Assessment, or its equivalent, will have been issued in 2020.

If tax documents cannot be provided, alternative documentation, such as statutory declarations on gross income earned in the period requested for, must be submitted.

If the statutory declaration is made in Singapore, the declaration should be signed in the presence of a Commissioner for Oaths or Notary Public as witness.

If the statutory declaration is made in a Commonwealth country, the declaration should be signed in the presence of a Notary Public, Justice of the Peace or other authorised person under the law of that country as witness.

If the statutory declaration is made in a country that is not part of the Commonwealth, it will have to be made before a consul, vice consul or other authorised person under the law of that country as witness.

Financial Aid Application Deadlines

  • Prospective Students: 14 days after submitting your admissions application
  • Deferred Matriculation Students: 1st April of your matriculation year

Move on to:

Calendar
OCT
01
DEC
15
Application Tips Session
E
NOV
01
JAN
08
Virtual Visit Day
E
DEC
09
Yale-NUS & Duke-NUS Liberal Arts and Medicine Pathway Information Session
E
OCT
01
DEC
15
Application Tips Session
Virtual Event
Confused about holistic admissions? Not sure what you need to include in a Yale-NUS application? Join us for a virtual session where a member of the Admissions team will guide participants through every part of the Yale-NUS application. This hour-long webinar will walk you through the holistic admissions process, as well as provide some tips for students as they begin their Yale-NUS application. Get insight, tips, and the opportunity to ask any of your questions!
Personal Essay Workshop (Dec 14): Get expert writing advice from an Admissions Team member who will explain how you can make the most of your personal essay. Join us on the journey of crafting your story, and making your personality shine!
Financial Aid Session (Dec 14): Join us for a virtual session where a member of our financial aid team will explain the types of funding available, the application process, and the supporting documents required to apply. Sign up for this event to get insight on how to fund a Yale-NUS education and the opportunity to ask our financial aid team questions!
All event timings are in Singapore Standard Time (GMT +8).
 
Locations and Dates
App Tips Session, 12.00pm
Dec 07
Financial Aid Session, 5pm
Dec 14
Personal Essay Workshop, 12:00pm
Dec 14
NOV
01
JAN
08
Virtual Visit Day
Virtual Event
Interested in finding out more about Yale-NUS from the convenience of your home? Then sign up for our new Virtual Visit Day programme where we will bring the Yale-NUS experience directly to you! Virtual Visit Day is an hour-long webinar that brings you the best parts of a campus visit through an online platform. Each webinar will include: a short information session, a virtual campus tour, and the opportunity to chat with our current students through a themed panel. Please note that these webinars will be held in Singapore Standard Time (GMT+8). These sessions come at no charge, so all you need is an hour of time, internet access, and an open mind to explore what opportunities await at Yale-NUS College!
Locations and Dates
Panel Theme: Campus Culture & Student Organisations
Dec 04
Panel Theme: From A Levels to Yale-NUS
Dec 11
Panel Theme: Liberal Arts & Sciences
Jan 08
DEC
09
Yale-NUS & Duke-NUS Liberal Arts and Medicine Pathway Information Session
Virtual Event
Planning to pursue a career in both medicine and the liberal arts and sciences? Students now have the option to pursue the Yale-NUS & Duke-NUS Liberal Arts and Medicine Pathway. Designed to shape future clinicians who appreciate the interconnectedness of the sciences, social sciences and humanities in medical practice, the Pathway allows students to be admitted to Yale-NUS College and simultaneously receive a conditional admission to the graduate entry MD programme at Duke-NUS Medical School. Find out more about the admissions requirements and application process at this session, and speak with current students about their experiences in the Pathway.  
All event timings are in Singapore Standard Time (GMT +8).
Locations and Dates
Info Session, 4.00pm
Dec 09