FAQ - Overseas Student Programme (OSP) Loan

​1. If the programme I am going for is not listed in the NTU Financial Aid website for undergraduates, does it mean that there are no loans available for such programmes?

NSS Finance – Financial Aid Operations does not provide loans to support programmes that are not listed in our website. Please check with your programme coordinator for other possible sources of funding.

​2. Who is eligible to apply for the OSP Loan?

Full-time undergraduates of all nationalities regardless if they are in receipt of a scholarship/bursary/loans may apply for the OSP Loan.

NIE trainee teachers regardless if they are drawing a salary/stipend from MOE may also apply.

Fee paying students (i.e. students who undertake to apply to the host university on their own accord) are not eligible to apply.

The only exception is undergraduates on the GEM Discoverer Summer Studies - Fee-paying Scheme.

​3. Who is eligible to apply for the OSP Travel Award?

Singaporean full-time undergraduates are eligible to apply if the overseas programmes offers the award.

NIE trainee teachers regardless if they are drawing a salary/stipend from MOE may also apply. 

For recipients of NTU-administered scholarships, they may apply if their scholarship does not provide any travel grant/award.

Fee paying students (i.e. students who undertake to apply to the host university on their own) are not eligible to apply. 

The only exception applies to undergraduates on the GEM Discoverer Summer Studies - Fee-paying Scheme.

4. When may I apply for the OSP Loan/Travel Award?

Your programme coordinator will publicise the application period. The application period is also available in the NTU Financial Aid website.

Regardless if you are informed of the outcome of your overseas programme placement, you are to submit your OSP Loan/Travel Award application and required supporting documents by the given Financial Aid application deadline in order to be considered.

As a guide, for semester overseas programmes, students apply for financial aid one semester before their overseas studies. For short-term overseas programmes, students apply for financial aid in the same semester of their overseas studies.

​5. Who will notify me of the application outcome?

The outcome of your loan/award application will be informed via your NTU Student Email Account. For loan application, successful applicants are required to accept the offer online and sign the loan agreement with your guarantor at the premises of the NTU NSS-Finance office.

6. When will the loan be disbursed?

The loan will only be disbursed once you have accepted the loan offer and signed the loan agreement with your guarantor.

After you have accepted the loan offer online, NTU NSS-Finance office will contact you to arrange for you and your guarantor to sign the loan agreement at their office in NTU.

You may arrange with the NSS-Finance office for alternative dates to sign the loan agreement for yourself and your guarantor.

​7. When does the interest commence for the OSP Loan?

The loan is interest free during study, with interest and repayments (instalments) commencing upon graduation. The bank will inform you of the interest start date.

 

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