“WHICH UNI YOU FROM AH?”
These days, it seems like everyone in Singapore goes to university. As fellow kiasu Singaporeans, we get it.
But what if you can’t afford the fees?
Should you first work for 2 years at a lower salary to earn enough to pay for the fees; or take up a student loan at 4.5% simple interest and earn a higher salary later?
Let’s assume that you will earn $3,300 per month with a degree, and $2,700 without. We’ll estimate that university fees cost $7,500 a year, and will take you 4 years to complete. A final assumption – all your earnings will be channelled into paying for your fees.