Thursday, 11 December 2014

Cost of Study for Singapore Citizens for a 4-year Programme in a Local University (NUS, NTU and SMU)

This post is a digression from my other posts on stock investment. As I do not want to start another blog for this, I have decided to post it here so that I could use it for reference in future.

In this post, I tried to estimate the total cost of studying for a 4-year (non-medical related) degree programme in Singapore. Business programmes appear to cost slightly more than other programmes; hence, I use the cost of study for a business programme as a reference.

The total cost is estimated to be about $73,200 in total for a 4-year study, excluding the cost of participating in an optional overseas exchange programme.


Tuition Fees for NUS for AY2014/2015 Intake

https://share.nus.edu.sg/registrar/info/ug/UGTuitionCurrent.pdf

$7,850 per year for most programmes

$9,250 per year for accountancy and business programmes


Tuition Fees for NTU for AY2014/2015 Intake http://www3.ntu.edu.sg/oad2/website_files/finaid/tutionFees_1415.pdf

$7,850 per year for most programmes

$8,850 per year for accountancy and business programmes


Tuition Fees for SMU for AY2014/2015 Intake http://www.smu.edu.sg/about/financial/tuition-fees

$7,850 for most programmes


$11,100 for accountancy and business programme


Tuition Fees for SIM University for AY2014/2015 Intake http://uc.unisim.edu.sg/FAQs_Financial.html

$32,000
for accountancy programme
Students need to complete 200 credit units.  I suppose it will take 4 years for most students.


Total Tuition Fees for 4 Years for a Business Programme

NUS - $37,000

NTU - $35,400

SMU - $44,400


UniSIM - $32,000

The fees could be paid using the student or the parents’ CPF.


Other Expenses (Transport, Food, phone bills etc. and exclude hostel fee)

Estimated to be $600 per month ($20 per day), $7,200 per year and $28,800 for 4 years

Total cost of study for a 4-year programme (worst case) =$44,400 + $28,800 = $73,200





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