Proposal for Interest-free Financial Support to Singaporeans Pursuing Degrees at PSB Academy

Mr Abdul Samad asked the Minister for Education whether the Ministry will consider providing interest-free financial support to Singaporeans pursuing degrees at the PSB Academy.

Mr Chan Chun Sing: Private Education Institutions (PEIs), including PSB Academy, are not part of the public education system and hence generally do not receive Government funding.

We have likewise not extended Government-funded loans to PEI students. They may apply for financial assistance offered by PEIs, or tap on education loans offered by commercial banks, to finance their studies.