AGO’s report on lapse in recovering university loans: The two universities, NUS and NTU granted several milli...

The two universities, NUS and NTU granted several million dollars of loans to mainly Singapore students whose parents could not afford to pay for the cheap tuition fees that are already highly subsidized. In the AGO’s report where it did some sample tests, it discovered that the recovery of student loans in 23% of the cases were delayed by 3.5 years, ie student unable, could not or somehow did not repay the loans in time. MOE has responded that it is working hard to recover the loans but in some hardship cases it has to delay or reduce the repayment sum. What does it mean, young university graduates in hard times and unable to service their student loans? Were they not gainfully employed after graduation? Is there a problem that young university graduates are facing financial hardship and unable to repay their loans in time? There was a time when getting into university wa...

Full article: http://mysingaporenews.blogspot.com/2016/07/agos-report-o...

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