Tertiary Student Finance Scheme - Publicly-funded Programmes (TSFS)
Tips on Financial Management
Before you apply for loans, you should consider carefully about your need and repayment ability.
Late repayment could lead to serious consequences. Repay punctually and be socially responsible.
Plan well for improving debt situation, avoid the extra interests and fees incurred arising from default in loan repayment which further aggravate your debt problem.
Seek help immediately if you encounter financial difficulties in repayment.
Work out budgets periodically, understand clearly your income and expenditure situation.
Spend within budgets.
Spend within budgets, implement the expenditure, consumption, savings and investment portfolio which best suits your needs.
Keep your credit record sound.
Analyse your personal expenditure and loan repayment pattern from time to time, make good use of credit cards and avoid excessive borrowing.
Discuss with your lenders frankly and positively when you encounter financial difficulties with a view to reaching a mutually acceptable repayment proposal.
Please read the
Prudent Financial Management – Key to Healthy Living
Learn to Manage Money Before It Manages You
. You may also find useful information in the Investor Education Centre’s webpage for
Smart tips on student loans
Responsibilities of Applicants & Indemnifiers