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Friday, November 03, 2006

Student Loan and Student Finanical Aids

Many of our student comes from very poor background, alot of them could not even afford the school feess despite the heavy subsidies from the government. Also, many of them are not even aware they can apply for financial aid in their respective schools.

They have to work part-time to support themselves, sometimes their families, which inevitability may affects their studies. Perphaps we can lookout for this group of student who are in need of help and we can do our part by educating them of the aids they can turn to.

To apply for these grant or aids, there is a requirement that the household income must not exceed certain amount. Therefore, there is another group of student who will be caught in between, they are financially stressed but not eligible to for any assistance. They can still seek special assistance through their schools, but their request will be reviewed case by case basis.

And for those to seek to loan money from banks, not many banks offer study loans for students, here is a few which I know of that offer loan at a reasonable rate.
RHB Bank Berhad
Tel: 1800 323 0100
Website: www.rhbbank.com.sg

Maybank
Tel: 1800 629 2265
Website: www.maybank2u.com.sg

NTUC Thrift & Loan Co-operative Limited
Tel: 6534 7360
Website: www.ntucthrift.com.sg

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