i) Opening SkillsFuture Credit (SFC1)
The SkillsFuture Credit aims to encourage individuals to take ownership of their skills development and lifelong learning. All Singapore Citizens (SCs) aged 25 and above will receive an opening Credit of S$500. There is no expiry date to this opening Credit.
ii) One-Off SkillsFuture Credit Top-Up (SFC2)
At Budget 2020, the Government announced a one-off SkillsFuture Credit Top-Up of S$500 for every Singapore Citizen aged 25 years and above as at 31 December 2020. This SkillsFuture Credit Top-Up will be available from 1 October 2020, and will expire in five years (by 31 December 2025).
In view of the current challenging economic conditions due to COVID-19, the access to the SkillsFuture Credit Top-Up has been brought forward to 1 April 2020 for courses offered by the Institutes of Higher Learning (IHLs).
Singapore Citizen students may use both SFC1 and/or SFC2 to pay their tuition fees at Singapore University of Social Sciences.
Visit the SkillsFuture Credit website for SkillsFuture Credit-eligible courses.
View the list of FAQs on SkillsFuture Credit?
2) SkillsFuture Mid-Career Enhanced Subsidy
Singapore Citizens (SCs) aged 40 and above who are pursuing MOE-subsidised part-time undergraduate programmes with the University will enjoy higher subsidy from 1 July 2015. The availability of the SkillsFuture Mid-Career Enhanced Subsidy will be tied to a SC student's eligibility for the Government Subsidy. Hence, a SC student must be eligible for the Government Subsidy in order to be eligible for the enhanced subsidy.
With this enhanced subsidy, SC students aged 40 and above (to be counted based on the year which he/she turns 40 years old) will pay tuition fees that are lower than the standard subsidised fees payable by other SC students who are below 40 years old.
View the list of FAQs on SkillsFuture Mid-Career Enhanced Subsidy
For more information on SkillsFuture, please refer to www.skillsfuture.sg? or call SkillsFuture hotline at +65 6883 5885.