Education

As a member you can access your savings to assist you and your family with education expenses.

  1. Education Assistance - Local
  2. Education Assistance - Overseas

 

Education Assistance - Local


 

 Who Can Be Assisted?


  • Member
  • Member's Spouse
  • Member's Children
  • Member's Siblings
  • Member's Parents

 

 

For What Level of Studies Can I Access The Education Assistance?


  • Year 13 or Form 7.
  • Tertiary Level Education.
  • Vocational courses including Sports Science program at high school.
  • Foundation level education at high school.

 

What does this assistance cover?


1. Tuition fees

i. Tertiary Foundation Level
ii. Tertiary Studies
iii. Year 13
iv.Year 13 students that attend private school if fees are not subsidized by Government under the Free Education Program
v.Students that attend special schools and an assessment report from a qualified specialist is required for confirmation.
vi.The Fund will only assist for accredited institutions and for courses that are examinable and may result in the attainment of an academic certificate.

2. Accommodation costs and meals – at hostels approved by the Fund of up to $2500 per semester per student.

3. Balance of fees subsidized by government under the free education, where the net amount can be assisted by the Fund.

4. Text Books for Year 13 and Tertiary Level students of up to $400 per student per Semester (limited to twice per calendar year).

5. FNPF will only fund for tuition for previous and/or current semester/trimester/penster school year of enrolment.

 

Processing Time?


1. 3 working days from the date of submission by the member.

 

 

Method of Payment


The payment is made directly to the school or institute, home stay or hostel and text book fees is paid to the member.

 

Education Assistance - Overseas


 

 

Who Can Be Assisted?


  • Member
  • Member's Spouse
  • Member's Children
  • Member's Siblings
  • Member's Parents

For What Level of Studies Can I Access The Education Assistance?


  • Year 13
  • Tertiary Level Education.
  • Tertiary Foundation

What does this assistance cover?


1. Tuition fees

2. Accommodation

3. Incidental Expenses to a maximum amount of $10,000 for the duration of study.

  1. Also Applicable for year 12 sponsored students for overseas education.
  2. For courses less than 6 months are only allowed a maximum of $2000

Processing Time?


1. 3 working days from the date of submission by the member.

2. Payment will be made within 1 working day from the date the application is approved. However, an additional day will be needed for the preparation of telegraphic transfers if funds are to be remitted overseas.

Method of Payment


1. 3 working days from the date of submission by the member.
2. Payment will be made within 1 working day from the date the application is approved. However, an additional day will be needed for the preparation of telegraphic transfers if funds are to be remitted overseas.

 

 

 

 

Downloads


pdf iconEW01 Education Partial Withdrawal Form.pdf

imagesFNPF Withdrawal Guidelines

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