Financing Your Eng Education - 2012
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Financing Your Engineering Education
Mr TRC Raja, FSIETMSc(Engineering)(NUS),PGDSA(NUS),BE(First Class),MSc(prod-First Class)
PGDM(UK),GDPM(SIM),Dip.T&D(UK), ChFC, Senior Financial Consultant (NTUC Income)
President, SIET (2012/2013)H/P: 98172337
Financing Your Eng Education - 2012
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Highlights
• About the Speaker – Mr TRC Raja• Introduction to Engineering Education in
Singapore• How much will my education cost?
– Study in Singapore– Study in Overseas : Australia; UK; USA; China.
• Financial Aids• Financial Planning• Q & A
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About the Speaker – Mr TRC Raja
• MSc(Engineering)(NUS),PGDSA(NUS),BE(First Class),MSc(prod-FirstClass)
• PGDM(UK),GDPM(SIM),Dip.T&D(UK)
• ChFC, D Wealth Mgt,Spe D in Risk Mgt(RMI/NUS)
• Adv Cert WHS, WSQ ACTA
• SeniorFinancial Consultant (NTUC Income)
Financing Your Eng Education - 2012
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“The shorter way to do many things is to do one thing at a time.”
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Introduction to Engineering Education in Singapore
• Singapore (locally)– NUS/NTU– Polytechnics : SP; NP; TP; NYP; RP– ITEs : East(Tampines); West (CCK); Central (AMK)
• Overseas Us in Singapore:– Australia : RMIT(SIC); UON(PSB Academy);
UniSA(Kaplan)– UK : Glasgow(SIT); Newcastle(SIT); Bradford (MDIS);
Hertfordshire(BMC); Coventry (Auston)
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How much will my education cost?
• Tuition and fees
• Books and supplies
• Housing
• Meals
• Personal expenses
• Transportation
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Financing Your Eng Education - 2012
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Nanyang Polytechnic : AY 2012/2013
AY 2012/2013 AY 2011/2012 AY 2010/2011
Subsidised Students
Non-subsidised Students
Singaporean
(S$)
PR
(S$)
International Students
(S$)
Singaporean
(S$)
PR
(S$)
International Students
(S$)
Tuition Fee (TF) # 2,250 4,500 7,500 2,250 4,500 7,500
Tuition Grant (TG) # 14,200 14,200 14,200 14,200 14,200 14,200
Other Fees ** 1,277.00 1,434.50 1,684.50 1,277.00 1,434.50 1,684.50
Total Fees 17,727.00 20,134.50 23,384.50 17,727.00 20,134.50 23,384.50
Less: Tuition Grant (14,200) (14,200) (14,200) - - -
Less: GST Subsidy (1,153.60) (1,311.10) (1,521.10) - - -
Fee Payable 2,373.40 4,623.40 7,663.40 17,727.00 20,134.50 23,384.50
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Nanyang Technological University : AY2007-08
Tuition Fee for Laboratory-Based Programmes
Tuition Grant from MOE (SGD)
Subsidised Tuition Fee (SGD)
Non-subsidised Tuition Fee (SGD)
Singapore Citizen or SPR
$22,400 $6,110 $21,810
Non-SC or Non-SPR
$22,400 $6,720 $22,420
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Nanyang Technological University : AY2012-13
Tuition Fee for Renaissance Engineering Programme
Subsidized Students
[Tuition grant from MOE : S$26,500]
Non-subsidized Students (not receiving tuition grant)
Singapore Citizens
Singapore Permanent Residents (SPR)
International Students
S$16,640 S$21,970 S$30,620 Not Applicable
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Overseas University Partner
Degree Programmes AY2012/13 Tuition Fees(Per Annum, S$)
SubsidisedFees
Non-subsidised Fees
Singapore Citizens
Permanent Residents
Newcastle University(2 Semesters per year)
Bachelor of Engineering with Honours in Chemical Engineering
9,750 19,500 33,000
Bachelor of Science with Honours in Food & Human Nutrition
Bachelor of Engineering with Honours in Marine Engineering^
Bachelor of Engineering with Honours in Naval Architecture^
Bachelor of Engineering with Honours in Offshore Engineering^
Bachelor of Engineering with Honours in Mechanical Design and Manufacturing Engineering
Singapore Institute of Technology : AY2012/13 Tuition Fees
http://www.singaporetech.edu.sg/tuition-fees/tuition-fees-ay2012-13
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Singapore Institute of Technology: AY2012/13 Tuition Fees
Overseas University Partner
Degree Programmes AY2012/13 Tuition Fees(Per Annum, S$)
SubsidisedFees
Non-subsidised Fees
Singapore Citizens
Permanent Residents
Technische Universität München (Technical University of Munich)(2 Semesters per year)
Bachelor of Science in Chemical Engineering
9,750 19,500 28,200Bachelor of Science in Electrical Engineering & Information Technology
University of Glasgow(2 Semesters per year)
Bachelor of Engineering with Honours in Aeronautical Engineering
9,750 19,500 33,000Bachelor of Engineering with Honours in Aerospace Systems
Bachelor of Engineering with Honours in Mechanical Design Engineering
Bachelor of Engineering with Honours in Mechatronics
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MDIS – Diploma in Engineering (2012)
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Bradford-MDIS-BEng (2012)
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University of South Australia - Kaplan
• Bachelor conversion programme for Polytechnic graduates.
• BEng : Electrical; Mechanical• Duration : 6 Terms ; 30 months.• Fees : SGD$31,158.40 (Tuition);
SGD$171.20 (Non-Tuition)• Website:
http://www.kaplan.edu.sg/khei/course/bachelor-of-engineering-(electrical)-127/
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http://www.psb-academy.edu.sg
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PSB Academy – UON - BEng
• Bachelor of Engineering – in Electrical Engineering– in Mechanical Engineering
• Duration : 4 years Full-Time• Applicants with Diplomas or Advanced
Diplomas in related studies from polytechnics or other recognised institutions may be considered for advance standing into the Year 2 courses.
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PSB Academy – UON - BEng
• Programme Structure– This programme consists of 35 courses and 1
Final Year Engineering Project– 2 semesters in Year 1; 3 trimesters in Year 2,
3 and 4– 3 courses are taught in each semester and 4
courses are taught in each trimester by both University faculty and local lecturers
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PSB Academy – UON - BEng
• Fees:– Total Programme Fee (4 years):S$74,921.40*– Foundation Diploma in Engineering Studies
(Year 1):S$10,036.60*– University of Newcastle Programme Fee
(Year 2, 3 & 4):S$64,884.80*– Per Course Fee:S$2,027.65*
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Study Overseas - Australia
Tuition Fee ( In Aus $ ) - Undergraduate (2012)
CoursesAnnual Tuition Fee
Bachelor degree - Non lab based courses(programmes in arts, business, economics and law)
A $ 14,000 - $ 35,000
Laboratory based - Bachelor degree courses(science & engineering programmes)
A $ 14,000 - $ 35,000
Annual Living Expenses in Australia - Approx. A $ 18,000 per year
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Study Overseas in UK for International Students
Expenses (In Pound Sterling) Undergraduate
Courses
Average Total Tuition Fees per academic
year
Average Living Costs per
academic year (9 months)
Average Total Costs
per year
Science 10,500 7,200 - 9,000 17,700 - 19,500
Medicine
22,000 7,200 - 9,000 27,200 - 31,000
Others 9,500 7,200 - 9,000 16,700 - 18,500
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From September 2012, universities in England are raising tuition fees to up to £9,000 per year, amid major budget cuts to institutions' teaching budgets.
The government is allowing universities in England to charge up to £9,000 per year for undergraduate courses, raising the cap from its 2011/12 level of £3,375.
England – Latest News for Local Students
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Study Overseas in USA for International Students
Top 10 Universities in USA (2012)
No University Tuition and Fees (US$)1 Harvard University $39,550
2 Princeton University $37,500
3 Yale University $40,500
4 Columbia University $45,300
5 Stanford University $40,675
6 University of Pennsylvania $43,100
7 California Institute of Technology $37,500
8 Massachusetts Institute of Technology $40,850
9 Dartmouth College $45,500
10 Duke University $42,500
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Cheapest Universities in USA for International Students
Global University - Missouri
Brigham Young University - Utah
California Coast University - California
Arizona State University - Arizona
Texas A&M University - Texas
University of Arizona - Arizona
University of South California - California
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Study Overseas – PR China
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Tianjin University ( 天津大学 ) • It was established in 1895 as
Peiyang Western Study School (Chinese: 天津北洋西學學堂 /天津北洋西学学堂 ) and later Peiyang University (Beiyang University) (Chinese: 北洋大學堂 /北洋大学堂 ; pinyin: Běiyáng Dàxúetáng).
• In 1951, after restructuring, it was renamed Tianjin University, and became one of the largest multidisciplinary engineering universities in China.
• The university was one of the first 16 universities accredited by the State in 1959.
• It is also among the first group of institutions of higher learning in the national “211-Project” to which priority is given in construction.
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Nanjing University of Aeronautics and
Astronautics ( 南京航空航天大学 ) • The University is one of
China's leading universities on research and education.
• It is regarded as one of the top engineering universities in China and also has a great influence on China's aeronautical and astronautical industry.
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Financial Aids
• Scholarships– President– LKY– SAF, etc
• Grants– MOE (Ministry of Education)– SDF (Skills Development Fund)
• Loans– Study– Personal
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Financial Planning
• Start early• What is your ‘comfort’ level?• How much to save/invest per month?
– Education– Housing– Retirement– Medical
• What you should know about ‘inflation’?• All investments have risks!!!
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“Luck is what happens when preparation meets opportunity.”
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“What is the Secret of SUCCESS?
“RIGHT DECISIONS”
How do you make Right Decisions?
“EXPERIENCE”
How do you get Experience..?
“WRONG DECISIONS”
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Thank You
Questions & Answers
First drafted on 8 November 2012/Sam MK
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
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