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Financing Your Eng Education - 2012 1 Financing Your Engineering Education Mr TRC Raja, FSIET MSc(Engineering)(NUS),PGDSA(NUS), BE(First Class),MSc(prod-First.

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Presentation on theme: "Financing Your Eng Education - 2012 1 Financing Your Engineering Education Mr TRC Raja, FSIET MSc(Engineering)(NUS),PGDSA(NUS), BE(First Class),MSc(prod-First."— Presentation transcript:

1 Financing Your Eng Education - 2012 1 Financing Your Engineering Education Mr TRC Raja, FSIET MSc(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

2 Financing Your Eng Education - 2012 2 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

3 Financing Your Eng Education - 2012 3 About the Speaker – Mr TRC Raja MSc(Engineering)(NUS), PGDSA(NUS),BE(First Class),MSc(prod-First Class) PGDM(UK),GDPM(SIM), Dip.T&D(UK) ChFC, D Wealth Mgt,Spe D in Risk Mgt(RMI/NUS) Adv Cert WHS, WSQ ACTA Senior Financial Consultant (NTUC Income)

4 Financing Your Eng Education - 2012 4 “The shorter way to do many things is to do one thing at a time.”

5 Financing Your Eng Education - 2012 5 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)

6 Financing Your Eng Education - 2012 6 How much will my education cost? Tuition and fees Books and supplies Housing Meals Personal expenses Transportation

7 Financing Your Eng Education - 2012 7

8 8 Nanyang Polytechnic : AY 2012/2013 AY 2012/2013 AY 2011/2012AY 2010/2011 Subsidised Students Non-subsidised Students Singaporean (S$) PR (S$) International Students (S$) Singaporean (S$) PR (S$) International Students (S$) Tuition Fee (TF) #2,2504,5007,5002,2504,5007,500 Tuition Grant (TG) #14,200 Other Fees **1,277.001,434.501,684.501,277.001,434.501,684.50 Total Fees17,727.0020,134.5023,384.5017,727.0020,134.5023,384.50 Less: Tuition Grant(14,200) --- Less: GST Subsidy(1,153.60)(1,311.10)(1,521.10)--- Fee Payable2,373.404,623.407,663.4017,727.0020,134.5023,384.50

9 Financing Your Eng Education - 2012 9 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

10 Financing Your Eng Education - 2012 10 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) International Students S$16,640S$21,970S$30,620Not Applicable

11 Financing Your Eng Education - 2012 11 Overseas University Partner Degree ProgrammesAY2012/13 Tuition Fees (Per Annum, S$) Subsidised Fees Non-subsidised Fees Singapore Citizens Permanent Residents Newcastle University (2 Semesters per year) Bachelor of Engineering with Honours in Chemical Engineering 9,750 19,50033,000 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

12 Financing Your Eng Education - 2012 12 Singapore Institute of Technology: AY2012/13 Tuition Fees Overseas University Partner Degree ProgrammesAY2012/13 Tuition Fees (Per Annum, S$) Subsidised Fees Non-subsidised Fees Singapore Citizens Permanent Residents Technische Universität München (Technical University of Munich) (2 Semesters per year) Bachelor of Science in Chemical Engineering 9,75019,50028,200 Bachelor of Science in Electrical Engineering & Information Technology University of Glasgow (2 Semesters per year) Bachelor of Engineering with Honours in Aeronautical Engineering 9,750 19,50033,000 Bachelor of Engineering with Honours in Aerospace Systems Bachelor of Engineering with Honours in Mechanical Design Engineering Bachelor of Engineering with Honours in Mechatronics

13 Financing Your Eng Education - 2012 13

14 Financing Your Eng Education - 2012 14 MDIS – Diploma in Engineering (2012)

15 Financing Your Eng Education - 2012 15 Bradford-MDIS-BEng (2012)

16 Financing Your Eng Education - 2012 16 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/bac helor-of-engineering-(electrical)-127/ http://www.kaplan.edu.sg/khei/course/bac helor-of-engineering-(electrical)-127/

17 Financing Your Eng Education - 2012 17 http://www.psb-academy.edu.sg

18 Financing Your Eng Education - 2012 18 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.

19 Financing Your Eng Education - 2012 19 PSB Academy – UON - BEng 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

20 Financing Your Eng Education - 2012 20 PSB Academy – UON - BEng 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*

21 Financing Your Eng Education - 2012 21 Study Overseas - Australia Tuition Fee ( In Aus $ ) - Undergraduate (2012) Courses Annual 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

22 Financing Your Eng Education - 2012 22 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 Science10,5007,200 - 9,00017,700 - 19,500 Medicine22,0007,200 - 9,00027,200 - 31,000 Others9,5007,200 - 9,00016,700 - 18,500

23 Financing Your Eng Education - 2012 23 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

24 Financing Your Eng Education - 2012 24 Study Overseas in USA for International Students Top 10 Universities in USA (2012) NoUniversityTuition 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

25 Financing Your Eng Education - 2012 25 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

26 Financing Your Eng Education - 2012 26 Study Overseas – PR China

27 Financing Your Eng Education - 2012 27

28 Financing Your Eng Education - 2012 28 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).Chinese pinyin 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.211-Project

29 Financing Your Eng Education - 2012 29 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.

30 Financing Your Eng Education - 2012 30

31 Financing Your Eng Education - 2012 31 Financial Aids Scholarships –President –LKY –SAF, etc Grants –MOE (Ministry of Education) –SDF (Skills Development Fund) Loans –Study –Personal

32 Financing Your Eng Education - 2012 32 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!!!

33 Financing Your Eng Education - 2012 33 “Luck is what happens when preparation meets opportunity.”

34 Financing Your Eng Education - 2012 34 “What is the Secret of SUCCESS? “RIGHT DECISIONS” How do you make Right Decisions? “EXPERIENCE” How do you get Experience..? “WRONG DECISIONS”

35 Financing Your Eng Education - 2012 35 Thank You Questions & Answers First drafted on 8 November 2012/Sam MK

36 Financing Your Eng Education - 2012 36 “A successful person is one who can lay a firm foundation with the bricks that others throw at him.”


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