Tertiary Student Finance Scheme - Publicly-funded Programmes (TSFS)

Enquiry
2152 9000

Overview

The Tertiary Student Finance Scheme - Publicly-funded Programmes (TSFS) provides means-tested financial assistance in the form of grant and/or loan to eligible full-time students taking up an exclusively publicly-funded student place of a recognised post-secondary programme.

Statistics

Academic Year 2021/2022 2022/2023 2023/2024
(as at 30 Apr 2024)
Student population 97 995 95 985 94 478
No. of applications
- received 20 540 19 607 18 904
- with results issued 20 540 19 607 18 535
No. of applicants
- with assistance paid 16 365 15 535 14 416
- with grant paid 16 365 15 535 14 416
- with loan offered 16 205 15 373 14 394
- with loan paid 2 921 2 797 2 573
Average amount paid^
- assistance $53,608 $55,028 $54,611
- grant $45,528 $46,563 $45,984
- loan $45,266 $47,013 $48,331
Total amount of
- grant paid^ (million) $745.07 $723.36 $662.91
- loan offered (million) $747.97 $736.78 $710.51
- loan paid^ (million) $132.22 $131.50 $124.36
Note:
^

Approved grant and/or loan will be paid in one or more than one instalment(s). The amount of assistance paid in 2023/24 shown in the table above does not reflect the full amount of assistance paid in the year until the 2023/24 application cycle ends.