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Fees and Financing

The Tuition Fee for Academic Year 2019/2020 is as follows:


Please note that from the July 2019 intake onwards, there will no longer be MOE subsidy for the MFE programme.  All enrolled students in the programme will have to pay the full fee.  The following fees will be applicable:


Application Fee: S$100  

Enrolment Fee: S$5,000 (inclusive of GST, non-refundable and payable upon acceptance of offer of admission)

Tuition Fee: S$56,000 (inclusive of GST and S$5,000 enrolment fee, payable in equal instalments over 3 terms for full-time programme; over 6 terms for part-time programme)


*Goods and Services Tax (GST) in Singapore is currently 7% 

** The tuition fee for AY2019/2020 is currently under review.  Finalised Fee will be announced in due course.  The tuition fee does not include travel and living expense for the final term in Carnegie Mellon University, USA.  Estimated cost of between S%6,500 and S$8,500 is to be fully borne by participants.


 All Fees are inclusive of GST


Service Obligation 

From AY 2008-2009 onwards, individual foreign students who choose to pay at a lesser subsidized fee will need to take up a 3-year service obligation. As part of the service obligation, the foreign student is required to work in Singapore-based companies upon graduation. Singapore-based companies refer to local companies and international companies that have a base in Singapore that is registered with the Accounting & Corporate Regulatory Authority (ACRA).


For further information or enquiries about service obligation, please contact the Ministry of Education (MOE) as follows:


FAQs: Service Obligation for Postgraduate​

Call: MOE's Customer Service Officers @ 6872 2220 


Tuition Fees are payable on a Trimester basis.
Fees for full-time study are payable in installments over 3 Trimesters.
Fees for part-time study are payable in installments over 6 Trimesters.

Tuition fees are subject to review every year. Students in the Part-time programme will be affected by fee revisions (if any) in their second year. Existing students enrolled prior to AY2015, please check your fees at the University's Graduate Admissions website here.

The tuition fee does NOT include travelling and living expenses for the compulsory term of study at Carnegie Mellon University, which is estimated to cost between S$6,500-S$8,500 for each student. Students will bear these additional expenses. Tuition fee will not be pro-rated if the student does not go to CMU.

Other Fees
These are additional miscellaneous fees payable at the time of registration and after registration. Please click here to go to the Office of Academic Service's website for the latest details.

    • The Tuition Fee is to be paid only upon receipt of the bill from the Office of Finance. The bill will be sent to candidates after they have registered formally with the University. The above fees will also be included in the bill.

    • Candidates who withdraw from the programme within the first 2 weeks of the first semester shall not be liable for the Tuition Fee, Examination Fee, Amenities Fee and Copyright Fee. Candidates who withdraw from the programme after the second week shall be liable for payment of Tuition Fee, Examination Fee, Amenities Fee and Copyright Fee due for the entire term.

Billing Enquiries
Bills will be sent by the Office of Finance. Students are encouraged to pay fees through GIRO. For information on modes of payment please refer to the Office of Finance website here.
Financial Aid & Scholarships
MAS Finance Scholarship Programme (FSP) 

MAS administers the Finance Scholarship Programme, which seeks to develop a pipeline of specialist leaders in targeted fields such as quantitative finance, risk management, actuarial science and applied finance. It comprises 2 tracks, Company and Individual Track where MAS co-funds with Singapore-based Financial Institutions or outstanding individuals to enable Singaporeans to pursue the best specialist postgraduate education at a world-renowned university.

Upon graduation, scholars will play a pivotal role as an expert in their chosen area of specialization in a Singapore-based financial institution. Becoming leaders in the industry, they will contribute to Singapore’s financial sector growth.

To find out more information regarding the Finance Scholarship Programme, please refer to

ASEAN Graduate Scholarship (AGS)

Eligibility – Open to nationals of member countries of ASEAN (except Singapore) to pursue a designated full-time Masters degree by coursework at NTU. Singaporeans and Singapore Permanent Residents and recipients of other scholarships or bursaries are not eligible to apply.

For information on eligibility, award quantum and deadlines, please visit the University's website for further details.

No separate application form is required. Applicants are to indicate their wish to be considered for the scholarship in the MFE Application Form.

Tuition Fee Loan 
This financial assistance from the university, of up to 90% of the tuition fee payable by Singapore citizens, is available for application to all Full-time students, local and international.

The following categories of students are not eligible for Tuition Fee Loan:
a) Students receiving Government /Statutory Board /NTU scholarships which cover tuition fees
b) International students paying non-subsidised tuition fees (Full Fees)
c) Students receiving full Tertiary Tuition Fee Subsidy from Mendaki
d) Students using CPF savings for the full payment of the subsidised tuition fee
e) Students in self-funded programmes
f) Part-time graduate students (coursework)

For more information on the Tuition Fee Loan and application, please click here.

Education Loans (Singaporean or Singapore Permanent Resident)
If you are a Singaporean or Singapore Permanent Resident, you may contact one of the following institutions directly to apply for an education loan.

Please note that NTU is not an agent for these institutions and students must apply for the loans directly with the respective institutions and abide by their terms and conditions.

Education Loans (International Students)
Email: (for International Students only)​
Not sure which programme to go for? Use our programme finder
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