NTU Singapore today unveiled an NTU COVID-19 Relief Package comprising three new coordinated measures to assist students facing hardship due to the pandemic, including final-year undergraduates graduating during this difficult time.
This is the University’s first package of assistance to students impacted by the pandemic, and additional initiatives to enhance the employability of this year’s graduating undergraduates will be unveiled next week. Financial aid for affected students.
NTU is deploying its own university resources in combination with available sources of public funding and private philanthropic gifts, to provide immediate help for students affected by COVID-19.
NTU has established a new S$2 million OneNTU Fund to support students from Singapore (citizens and permanent residents) who need immediate assistance due to the COVID-19 outbreak. Eligible students may get an interest-free advance of up to S$1,500, which they will reimburse to the University within two years after graduation.
In addition, the University will establish the NTU Priorities Fund, which will be driven by private philanthropy. This Fund will address urgent needs identified by the University’s leadership and its first use will be to offer financial assistance to the neediest NTU students from Singapore and abroad, who are affected by COVID-19 and who have no other recourse for help. Recipients of support from the Fund will pledge to ‘pay it forward’ within two years after graduation and return the interest-free cash assistance to the University. By nurturing this “evergreen fund” as a university resource to benefit future generations of students, NTU aims to perpetuate the cycle of philanthropy so that future students who need assistance can continue to receive financial aid.