financing your eng education - 2012 1 financing your engineering education mr trc raja, fsiet...

Financing Your Eng Education - 2012

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Financing Your Engineering Education

Mr TRC Raja, FSIETMSc(Engineering)(NUS),PGDSA(NUS),BE(First Class),MSc(prod-First Class)

PGDM(UK),GDPM(SIM),Dip.T&D(UK), ChFC, Senior Financial Consultant (NTUC Income)

President, SIET (2012/2013)H/P: 98172337


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Highlights

• About the Speaker – Mr TRC Raja• Introduction to Engineering Education in

Singapore• How much will my education cost?

– Study in Singapore– Study in Overseas : Australia; UK; USA; China.

• Financial Aids• Financial Planning• Q & A


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About the Speaker – Mr TRC Raja

• MSc(Engineering)(NUS),PGDSA(NUS),BE(First Class),MSc(prod-FirstClass)

• PGDM(UK),GDPM(SIM),Dip.T&D(UK)

• ChFC, D Wealth Mgt,Spe D in Risk Mgt(RMI/NUS)

• Adv Cert WHS, WSQ ACTA

• SeniorFinancial Consultant (NTUC Income)


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“The shorter way to do many things is to do one thing at a time.”


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Introduction to Engineering Education in Singapore

• Singapore (locally)– NUS/NTU– Polytechnics : SP; NP; TP; NYP; RP– ITEs : East(Tampines); West (CCK); Central (AMK)

• Overseas Us in Singapore:– Australia : RMIT(SIC); UON(PSB Academy);

UniSA(Kaplan)– UK : Glasgow(SIT); Newcastle(SIT); Bradford (MDIS);

Hertfordshire(BMC); Coventry (Auston)


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How much will my education cost?

• Tuition and fees

• Books and supplies

• Housing

• Meals

• Personal expenses

• Transportation


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Nanyang Polytechnic : AY 2012/2013

AY 2012/2013 AY 2011/2012 AY 2010/2011

Subsidised Students

Non-subsidised Students

Singaporean

(S$)

PR

(S$)

International Students

(S$)

Singaporean

(S$)

PR

(S$)


(S$)

Tuition Fee (TF) # 2,250 4,500 7,500 2,250 4,500 7,500

Tuition Grant (TG) # 14,200 14,200 14,200 14,200 14,200 14,200

Other Fees ** 1,277.00 1,434.50 1,684.50 1,277.00 1,434.50 1,684.50

Total Fees 17,727.00 20,134.50 23,384.50 17,727.00 20,134.50 23,384.50

Less: Tuition Grant (14,200) (14,200) (14,200) - - -

Less: GST Subsidy (1,153.60) (1,311.10) (1,521.10) - - -

Fee Payable 2,373.40 4,623.40 7,663.40 17,727.00 20,134.50 23,384.50


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Nanyang Technological University : AY2007-08

Tuition Fee for Laboratory-Based Programmes

Tuition Grant from MOE (SGD)

Subsidised Tuition Fee (SGD)

Non-subsidised Tuition Fee (SGD)

Singapore Citizen or SPR

$22,400 $6,110 $21,810

Non-SC or Non-SPR

$22,400 $6,720 $22,420


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Nanyang Technological University : AY2012-13

Tuition Fee for Renaissance Engineering Programme

Subsidized Students

[Tuition grant from MOE : S$26,500]

Non-subsidized Students (not receiving tuition grant)

Singapore Citizens

Singapore Permanent Residents (SPR)


S$16,640 S$21,970 S$30,620 Not Applicable


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Overseas University Partner

Degree Programmes AY2012/13 Tuition Fees(Per Annum, S$)

SubsidisedFees

Non-subsidised Fees

Singapore Citizens

Permanent Residents

Newcastle University(2 Semesters per year)

Bachelor of Engineering with Honours in Chemical Engineering

9,750 19,500 33,000

Bachelor of Science with Honours in Food & Human Nutrition

Bachelor of Engineering with Honours in Marine Engineering^

Bachelor of Engineering with Honours in Naval Architecture^

Bachelor of Engineering with Honours in Offshore Engineering^

Bachelor of Engineering with Honours in Mechanical Design and Manufacturing Engineering

Singapore Institute of Technology : AY2012/13 Tuition Fees

http://www.singaporetech.edu.sg/tuition-fees/tuition-fees-ay2012-13




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Singapore Institute of Technology: AY2012/13 Tuition Fees

Overseas University Partner

Degree Programmes AY2012/13 Tuition Fees(Per Annum, S$)

SubsidisedFees

Non-subsidised Fees

Singapore Citizens

Permanent Residents

Technische Universität München (Technical University of Munich)(2 Semesters per year)

Bachelor of Science in Chemical Engineering

9,750 19,500 28,200Bachelor of Science in Electrical Engineering & Information Technology

University of Glasgow(2 Semesters per year)

Bachelor of Engineering with Honours in Aeronautical Engineering

9,750 19,500 33,000Bachelor of Engineering with Honours in Aerospace Systems

Bachelor of Engineering with Honours in Mechanical Design Engineering

Bachelor of Engineering with Honours in Mechatronics


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MDIS – Diploma in Engineering (2012)


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Bradford-MDIS-BEng (2012)


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University of South Australia - Kaplan

• Bachelor conversion programme for Polytechnic graduates.

• BEng : Electrical; Mechanical• Duration : 6 Terms ; 30 months.• Fees : SGD$31,158.40 (Tuition);

SGD$171.20 (Non-Tuition)• Website:

http://www.kaplan.edu.sg/khei/course/bachelor-of-engineering-(electrical)-127/


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http://www.psb-academy.edu.sg


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PSB Academy – UON - BEng

• Bachelor of Engineering – in Electrical Engineering– in Mechanical Engineering

• Duration : 4 years Full-Time• Applicants with Diplomas or Advanced

Diplomas in related studies from polytechnics or other recognised institutions may be considered for advance standing into the Year 2 courses.


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• Programme Structure– This programme consists of 35 courses and 1

Final Year Engineering Project– 2 semesters in Year 1; 3 trimesters in Year 2,

3 and 4– 3 courses are taught in each semester and 4

courses are taught in each trimester by both University faculty and local lecturers


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• Fees:– Total Programme Fee (4 years):S$74,921.40*– Foundation Diploma in Engineering Studies

(Year 1):S$10,036.60*– University of Newcastle Programme Fee

(Year 2, 3 & 4):S$64,884.80*– Per Course Fee:S$2,027.65*


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Study Overseas - Australia

Tuition Fee ( In Aus $ ) - Undergraduate (2012)

CoursesAnnual Tuition Fee

Bachelor degree - Non lab based courses(programmes in arts, business, economics and law)

A $ 14,000 - $ 35,000

Laboratory based - Bachelor degree courses(science & engineering programmes)

A $ 14,000 - $ 35,000

Annual Living Expenses in Australia - Approx. A $ 18,000 per year


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Study Overseas in UK for International Students

Expenses (In Pound Sterling) Undergraduate

Courses

Average Total Tuition Fees per academic

year

Average Living Costs per

academic year (9 months)

Average Total Costs

per year

Science 10,500 7,200 - 9,000 17,700 - 19,500

Medicine

22,000 7,200 - 9,000 27,200 - 31,000

Others 9,500 7,200 - 9,000 16,700 - 18,500


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From September 2012, universities in England are raising tuition fees to up to £9,000 per year, amid major budget cuts to institutions' teaching budgets.

The government is allowing universities in England to charge up to £9,000 per year for undergraduate courses, raising the cap from its 2011/12 level of £3,375.

England – Latest News for Local Students


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Study Overseas in USA for International Students

Top 10 Universities in USA (2012)

No University Tuition and Fees (US$)1 Harvard University $39,550

2 Princeton University $37,500

3 Yale University $40,500

4 Columbia University $45,300

5 Stanford University $40,675

6 University of Pennsylvania $43,100

7 California Institute of Technology $37,500

8 Massachusetts Institute of Technology $40,850

9 Dartmouth College $45,500

10 Duke University $42,500


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Cheapest Universities in USA for International Students

Global University - Missouri

Brigham Young University - Utah

California Coast University - California

Arizona State University - Arizona

Texas A&M University - Texas

University of Arizona - Arizona

University of South California - California


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Study Overseas – PR China


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Tianjin University ( 天津大学 ) • It was established in 1895 as

Peiyang Western Study School (Chinese: 天津北洋西學學堂 /天津北洋西学学堂 ) and later Peiyang University (Beiyang University) (Chinese: 北洋大學堂 /北洋大学堂 ; pinyin: Běiyáng Dàxúetáng).

• In 1951, after restructuring, it was renamed Tianjin University, and became one of the largest multidisciplinary engineering universities in China.

• The university was one of the first 16 universities accredited by the State in 1959.

• It is also among the first group of institutions of higher learning in the national “211-Project” to which priority is given in construction.


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Nanjing University of Aeronautics and

Astronautics ( 南京航空航天大学 ) • The University is one of

China's leading universities on research and education.

• It is regarded as one of the top engineering universities in China and also has a great influence on China's aeronautical and astronautical industry.


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Financial Aids

• Scholarships– President– LKY– SAF, etc

• Grants– MOE (Ministry of Education)– SDF (Skills Development Fund)

• Loans– Study– Personal


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Financial Planning

• Start early• What is your ‘comfort’ level?• How much to save/invest per month?

– Education– Housing– Retirement– Medical

• What you should know about ‘inflation’?• All investments have risks!!!


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“Luck is what happens when preparation meets opportunity.”


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“What is the Secret of SUCCESS?

“RIGHT DECISIONS”

How do you make Right Decisions?

“EXPERIENCE”

How do you get Experience..?

“WRONG DECISIONS”


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Thank You

Questions & Answers

First drafted on 8 November 2012/Sam MK


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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”

financing your eng education - 2012 1 financing your engineering education mr trc raja, fsiet...

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