For eligible Singapore Citizens or Singaporean Permanent Citizens, there is no need to make any claims for funding. Funding is automatically computed when you register on our registration portal.

IBF Standards Training Scheme (IBF-STS):

The IBF Standards Training Scheme (IBF-STS) provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services. IBF-STS is open to both Self-sponsored and Company-sponsored individuals. 

For training programmes commencing 1 Jan 2023:

• Individuals must be physically based in Singapore
• Singapore Citizens and PRs will be eligible for 50% funding of direct training cost
• Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training cost
• Funding amount is capped at S$3,000 per participant per course
• Course fees subsidies will not apply to self-sponsored individuals who are not employed by financial institutions and Singapore FinTech Association certified FinTech firms for critical core skills (generic /soft skills) and future-enabled skill only courses.
• Trainees are only eligible for a one-time grant of course fee subsidies for the course per calendar year, subject to their successful completion of the course.

For more information about IBF-STS funding, please click here.

IBF Financial Training Scheme (IBF-FTS):

The IBF Financial Training Scheme (IBF-FTS) provides funding for financial sector-specific training programmes which are recognised under FTS. This scheme is only available for company-sponsored individuals. 

For training programmes commencing 1 Jan 2023:

• Individuals must be company-sponsored by eligible Financial Institutions and Fintech firms
• Individuals need to be physically based in Singapore
• Singapore Citizens and PRs are eligible 30% of direct training cost will be eligible for funding
• Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training costs.
• Funding amount is capped at S$500 per participant per course
• Funding support for the same course will be granted only once per calendar year per participant.

For more information about IBF-FTS funding, please click here.

Foreigners on Long Term Visit pass in Singapore are not eligible for subsidies. They are required to pay the full course fee.

SMU Academy courses are not eligible for funding under SMU Financial Aid. SMU Financial Aid is only applicable to our Postgraduate and Undergraduate programmes.

Yes, only certain programmes are eligible. Please check for eligibility at NTUC portal.

Eligible Singapore Citizens or Singapore Permanent Residents will enjoy the following subsidies. Please click on the respective links for more details.  
 
1. SkillsFuture Singapore (SSG) funding

   1.1. Singapore Citizens, Singapore PRs and LTVP+
   1.2. SkillsFuture Mid-Career Enhanced Subsidy (MCES)
   1.3. Enhanced Training Support for SMEs (ETSS)
   1.4. Workfare Skills Support (WSS) Scheme

2. Union Training Assistance Programme (UTAP)

3. Post-Secondary Education Account (PSEA)

4. SkillsFuture Enterprise Credit (SFEC)

Participants have to check on their company’s SFEC eligibility on the Business Grant Portal.

Please click here to find out which courses are eligible for SkillsFuture Enterprise Credit (SFEC).

5. IBF Training Scheme

If participants fail to fulfil 75% attendance and pass the associated assessment, the nett course fee will be charged.

Should you need to withdraw or transfer your course enrolment, please reach out to us using this form here. 

Waivers of administrative charges are subjected to approval under the following conditions:

• Medical grounds
• Compassionate grounds
• NS Reservist
   

Relevant documents (e.g. medical certificate, SAF100) must be submitted via email to support any waiver request.

No, the CPF Education Scheme is for the payment of tuition fee for full-time undergraduate programmes only and cannot be used to finance SMU Academy programmes.

SMU Academy does not offer additional alumni discounts, as our courses are already heavily subsidised through SkillsFuture Singapore (SSG) funding.

Applicants will be able to qualify for ETSS funding only if the company's SME's status has been approved. To verify your SME's status, please click here. 

Yes, you have to apply through the company-sponsored funding scheme (ETSS). Click here for more information.

To qualify for the ETSS Funding scheme:

SMEs must meet all of the following eligibility criteria.

• Registered or incorporated in Singapore
• Employment size of not more than 200 or with annual sales turnover of not more than $100 million

SME-sponsored Trainees:

• Must be Singapore Citizens or Singapore Permanent Residents
• Courses have to be fully paid for by the employer
• Trainee is not a full-time national serviceman

Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.

Enhanced Training Support for SMEs (ETSS) – offers additional support for SMEs in the form of higher course fee subsidies. SMEs can receive SkillsFuture funding, of up to 90% of the course fees when they sponsor their employees to attend SSG-supported courses. Click here for more information.

To qualify for the ETSS Funding scheme:

SMEs must meet all of the following eligibility criteria.

• Registered or incorporated in Singapore
• Employment size of not more than 200 or with annual sales turnover of not more than $100 million

SME-sponsored Trainees:

• Must be Singapore Citizens or Singapore Permanent Residents
• Courses have to be fully paid for by the employer
• Trainee is not a full-time national serviceman

Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.

The employer does not need to claim for the SSG Funding.  The employer only needs to pay the nett course fees, after SSG Funding. Please note that there needs to be an employer-employee relationship and CPF-contribution for employer-sponsored trainees to be eligible for funding. Find out more regarding Employer-sponsored training funding here.

SMU Academy will liaise directly with SSG for all the necessary documentation to get reimbursed for the funded portion of the course fees.  This is to validate the correct funding that the company is entitled to, based on the employee’s age, nationality etc.

Employers who sponsor their employees for the course will receive an email notification prompting them to submit the AP Declaration.  Please note that this does not happen immediately once the course ends and is dependent on the overall claim process.  After receiving the notification, employers will need to declare their employees’ hourly salary information (before CPF deduction) on the Enterprise Portal for Jobs and Skills Portal for the AP claim to be processed. 

Please refer to the Course Directory for Business for courses that support both Absentee Payroll (AP) and SkillsFuture Enterprise Credit (SFEC). Please note that there needs to be an employer-employee relationship and CPF-contribution for employer-sponsored trainees to be eligible for funding. Find out more regarding Employer-sponsored training funding here.

For SFEC-eligible courses, employers may be required to submit the SFEC claims on the SkillsFuture for Business portal. For further instructions on the submission of SFEC claims, please refer to the user guide published on the SkillsFuture for Business portal. 

Unfortunately, this is not possible.

In order to be eligible for SSG funding, you are required to pass the associated assessment.

Applicant must be a Singapore Citizen, PR, or LTVP+ holder. 

For employer-sponsored trainees, there must be an established employee-employer relationship with CPF contributions from the employer.

You will not be eligible for funding if you fail the module. However, you are allowed 1 assessment retake at the cost of $109. This administrative fee cannot be paid using SkillsFuture credits. 

You will be eligible for funding if you pass the retake. Should you fail the assessment on the second attempt, you will be required to pay the net course fee.

You will only receive SSG funding on a module once. You will not be eligible for any SSG funding should you choose to re-take a module that you have received funding for previously.

For such cases you will be charged the full module fee.

If you are below the age of 31, you are eligible to use PSEA for your course. For more information on utilising the PSEA, please click here or refer to the instructions below.

Step 1: 
Contact PSEA Customer Service at 6260 0777 to enquire about your available PSEA funds. 

Step 2:
Login to Student Portal > Click "Payment" > "Outstanding Payment".

Step 3:
Enter the amount and click on "Apply PSEA". (The image below is only for reference)

Step 4:
Once you are directed back to the payment page, select “Proceed to payment” at the bottom right of the page.

Step 5: 
Applicants are required to use SingPass to submit an application via FormSG. If parental/ guardian approval is required, please ensure that they complete the approval online. 

Step 6: 
Kindly save the Response ID upon submission as we may request for it.

No. Learners enrolled in the IGD and IPMDE are not eligible for the SkillsFuture Mid-Career Training Allowance.

Based on the eligibility criteria published on the SSG–WSG website, our IGD and IPMDE programmes do not qualify for the SkillsFuture Mid-Career Training Allowance.

For more information, please refer to the MySkillsFuture’s Mid-Career Training Allowance page.

Learners enrolled in SMUA’s SkillsFuture Career Transition Programmes (SCTP) may be eligible for a flat $300 monthly SkillsFuture Mid-Career Training Allowance (Part-time Training Allowance), which helps ease the financial impact while they upgrade their skills. For more information, please refer to the MySkillsFuture’s Mid-Career Training Allowance page.

Please log into the MySkillsFuture Portal and click on ‘View and Apply Training Allowance’ to apply. Application for the TA is not done with SMU Academy. 

Eligible individuals can log into the MySkillsFuture Portal and click on ‘View and Apply Training Allowance’, to view their estimated TA.

Individuals who did not receive their TA offer within five (5) days from the course start date should log into MySkillsFuture Portal to check on their TA application. If an offer is available in the application, individuals must accept the offer within the stipulated date stated on the TA offer. Failure to accept the TA offer within the stipulated timeframe will result in the TA application being cancelled.

Individuals can refer to the 'application status' on their TA application by logging into MySkillsFuture Portal > View and Apply Training Allowance. 

Individuals will receive their TA offer within five (5) days from the course start date and are required to accept the TA offer within the stipulated time on the notification. Failure to do so will result in the TA application being cancelled. A new TA application will need to be submitted if the individuals wish to receive TA. However, this would result in a late TA application (i.e., submission after the course has commenced), and the maximum eligible period to receive TA will be pro-rated based on when the application is received.

If an individual does not respond to the email notification or accept their TA offer within the stipulated time, the application will be cancelled. A new TA application will need to be submitted. 

To avoid such situations, we strongly encourage individuals to log into MySkillsFuture Portal to check on their TA application within five (5) days from the course start date.

Individuals are not allowed to change the course after submitting their TA application. If they wish to change the course, they will need to withdraw their TA application and submit a new TA application for the new course.

Individuals will be notified of the TA offer within five (5) days from the course start date. Individuals are required to accept the TA offer within the stipulated time on the TA offer, otherwise the TA application will be cancelled.

No. TA is only applicable for courses, which are listed as eligible for Full-Time TA or Part-Time TA on the MySkillsFuture portal.

No. Individuals are only allowed to have one (1) active TA application at any one time.

Yes. TA applications can be submitted up to two (2) months before course commencement. For TA applications received after course commencement, the maximum eligible period to receive TA will be pro-rated based on when the application is received.

No. Individuals do not need to repay SSG the disbursed TA. The TA is paid based on the individual's fulfilment of the TA attendance requirement for the training period.

No. Individuals are not required to be enrolled in the course before applying for TA. They should, however, proceed to enrol for the course upon submission of their application and remind their training institutions or providers to submit their enrolment to SkillsFuture Singapore (SSG). SSG will only process the TA application after receiving the course enrolment confirmation.