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MISS ER Wan Ling, 23, will not have to pay a cent towards the repayment of her $20,000 loan when she graduates this year from university.
The reprieve will be for only a year, but she is grateful for the 'breathing space' offered by the Education Ministry.
Education Minister Ng Eng Hen said yesterday that repayments for tuitionfee and study loans will be suspended for a year for university and polytechnic graduates. No interest will be charged. This takes effect between April 1 this year and March 31 next year.
A relieved Miss Er said: 'I would have been quite worried if I couldn't find a job and the interest kept rolling.'
The suspension was among many moves announced by the ministry to ensure that 'no child will be denied a quality education because of financial difficulties'.
Under a new study-assistance scheme, each undergraduate, polytechnic and Institute of Technical Education student whose gross monthly household per capita income is $1,700 and below will receive up to $2,060 a year.
Those under the current financial-assistance scheme will get free school attire in addition to the free textbooks they now receive.
Pre-university students on bursaries will get $750 instead of $500 a year.
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