The Class of 2023 Parents Fund Bursary is supported by the parents of the students from the MBBS Class of 2023, who are beginning their journey at NUS Medicine with the White Coat Ceremony 2018. The fund will be used to support underprivileged medical undergraduates. Any undisbursed funds at the end of their children’s graduation in 2023 will be used to seed fund and initiate the MBBS Class of 2023 Bursary.
Class of 2023 Parents Fund Bursary (For Information)
How many students in each cohort require financial assistance?
About 200 students apply for financial assistance each year but the School does not have enough bursaries to help all of them or give them with the full financial aid they need. The School estimates that one in six* students will face financial difficulties that will jeopardise their medical studies.
As a School, we are committed to ensuring that no deserving student is denied a medical education, and more bursaries are required to meet the increasing need for undergraduate financial aid. We can then ensure that the medical class includes students from all levels of society, not just those whose families can afford to send them to university
*As at 2018
Who is eligible to receive funding from the Class of 2023 Parents Fund Bursary ?
The bursary will be opened to full-time NUS medical undergraduates, regardless of citizenship and race. It will be awarded based on applicants’ monthly family Per Capita Income level according to prevailing University Guidelines for award of bursary.
What can the bursary be used for?
It shall be used towards living expenses and / or tuition fees. In 2023, any remaining funds in the Bursary will be used to establish the MBBS Class of 2023 Bursary.
What is the quantum of each bursary?
The value of each bursary and the number of bursaries to be awarded is dependent on the availability of investment income earned from the fund and subject to the University’s spending limit, whichever is lower.
Will the Ministry of Education (MOE) give matching grants for all donations?
Your gift will allow NUS to apply for a matching grant from the MOE. If the matching grant is approved by the MOE and received by NUS, NUS will treat the matching grant in accordance with the NUS Statutes and Regulations, as well as any terms and conditions, rules, regulations and policies imposed by MOE in relation to such matching grant.
What tax benefits will donors enjoy?
From now till 31 Dec 2018, Singapore residents will receive a tax deduction of 250 percent for donations made. To ensure that tax deduction applications on your gifts are submitted to IRAS in time, your gift should reach the NUS Medicine Development Office no later than Thursday, 27 Dec 2018.
How can I find out more about the Bursary?
For more information, please contact the NUS Medicine Development team at giving_med@nus.edu.sg
