By MoneyBees
See what your government tuition loan costs to repay. Pick your course, choose how much to borrow and how fast to pay it back. The rate is the one that applies from 1 Oct 2026 to 31 Mar 2027.
Subsidised fee for Singapore Citizens. Miscellaneous fees are not covered.
The loan covers up to 90% of subsidised fees.
PSEA money paid towards fees means you borrow less.
2.6% is the standard rate for 1 Oct 2026 to 31 Mar 2027. It resets every April and October.
Up to 10 years for this scheme.
Paying more than the instalment clears the loan sooner.
Your own estimate, used only to show the instalment as a share of pay.
Monthly instalment
$283
for 10 yrs
Total interest
$4,085
at 2.6% a year
Amount borrowed
$29,880
of $33,200 in fees
You borrow $29,880 and pay nothing while you study. After you graduate you pay $283 a month for 10 yrs. Interest adds $4,085, so you repay $33,965 in total.
On a $4,500 salary you take home about $3,600 after CPF, so the instalment is 7.9% of your pay.
If the rate rises by 1 point, the instalment becomes $297 and interest grows to $5,745.
| Years | Monthly instalment | Total interest |
|---|---|---|
| 3 | $864 | $1,213 |
| 5 | $532 | $2,017 |
| 8 | $345 | $3,247 |
| 10 | $283 | $4,085 |
| Year | Paid | Interest | Balance left |
|---|---|---|---|
| 1 | $3,396 | $745 | $27,229 |
| 2 | $3,396 | $676 | $24,508 |
| 3 | $3,396 | $604 | $21,716 |
| 4 | $3,396 | $531 | $18,850 |
| 5 | $3,396 | $455 | $15,909 |
| 6 | $3,396 | $378 | $12,890 |
| 7 | $3,396 | $298 | $9,792 |
| 8 | $3,396 | $217 | $6,612 |
| 9 | $3,396 | $133 | $3,349 |
| 10 | $3,396 | $47 | $0 |
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The rate is the 3-month compounded SORA plus 1.5 points. It is reset twice a year and then fixed for six months. Here is every reset since the SORA basis started.
| From | 3M SORA | Loan rate |
|---|---|---|
| 1 Apr 2024 | 3.6488% | 5.1% |
| 1 Oct 2024 | 3.5690% | 5.0% |
| 1 Apr 2025 | 2.7518% | 4.2% |
| 1 Oct 2025 | 1.5638% | 3.0% |
| 1 Apr 2026 | 1.1226% | 2.6% |
| 1 Oct 2026 | 1.1863% | 2.6% |
The same S$29,880 loan over 10 years costs S$8,326 in interest at 5.1% and S$4,085 at 2.6%.
Mei is starting a four-year Computing degree at NUS in AY2026. Her subsidised fee is S$8,300 a year, or S$33,200 in total. She borrows the full 90%, which is S$7,470 a year and S$29,880 over four years. She pays no interest while she studies. From graduation she pays S$283 a month at 2.6% for 10 years, and the interest comes to S$4,085. If she adds S$100 a month, she clears the loan in 7 years and 2 months and pays S$2,887 in interest.
Figures checked 2 Oct 2026.
2.6% a year for 1 Oct 2026 to 31 Mar 2027, which is the 3-month compounded SORA that MAS published on 1 Sep 2026 (1.1863%) plus 1.5 points. It resets every April and October.
HESL replaced the Tuition Fee Loan and Study Loan for students starting in AY2026. It has a base part that covers up to 90% of subsidised fees, and a means-tested part for living costs and the rest of the fees. If you already have a Tuition Fee Loan, you can keep it.
Nothing accrues while you study; interest starts on the day you graduate or leave the institution.
Up to 10 years for HESL. A Tuition Fee Loan signed before HESL can run up to 20 years, with a minimum of S$100 a month.
Those loans stay on the old basis until 31 March 2027: the average prime lending rate of the three local banks. From 1 April 2027 they move to 3M SORA plus 1.5 points like every other government education loan, so check the notice your bank sent for the exact rate you pay before then.
Yes. MOE lets you use PSEA money to repay a government education loan after you leave the institution. You can also use PSEA to pay fees while you study, which means you borrow less.
Only if you need it. Every dollar you do not borrow saves you interest. At 2.6% over 10 years, each S$1,000 borrowed costs about S$137 in interest.
Yes. You can pay a lump sum, part of the loan or monthly instalments after you graduate. Use the extra payment box above to see how much interest you save.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).