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In 2005, the Polytechnic-Foreign Specialised Institutions (Poly-FSI) initiative was introduced by the Ministry of Education. Its aim was to encourage polytechnics to partner with overseas universities to offer degree programmes in niche areas that also supported Singapore's economic development. [13]
Private tuition is a lucrative industry in Singapore, since many parents send their children for private tuition after school. [105] A straw poll by The Straits Times newspaper in 2008 found that out of 100 students interviewed, only 3 students did not have any form of tuition. [ 105 ]
[3] These policies generally include a tuition fee that is large enough to give parents or guardians "a responsibility to cover some portion of their children’s higher education costs." [3] This responsibility can make it difficult for a low-income student to attend college without requiring a grant or one or more loans.
Singapore Polytechnic has been awarded the Singapore Quality Class as well as the ISO 9001 and ISO 14001 certifications. It has also won the Singapore Public Service Award for Organisational Excellence and the People Developer and Family Friendly Awards. SP received the President's Award for the Environment in 2010. [23]
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The first polytechnic in Hong Kong is The Hong Kong Polytechnic, established in 1972 through upgrading the Hong Kong Technical College (Government Trade School before 1947). The second polytechnic, the City Polytechnic of Hong Kong, was founded in 1984. These polytechnics awards diplomas, higher diplomas, as well as academic degrees.
The ministry currently oversees 10 statutory boards which includes 5 polytechnics and 2 institutes: SkillsFuture Singapore, Singapore Examinations and Assessment Board, ISEAS–Yusof Ishak Institute, Institute of Technical Education, Singapore Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Nanyang Polytechnic, Republic Polytechnic and Science Centre, Singapore.
With the average annual tuition cost for a four year in-state public university averaging $26,590 for the 2019–2020 academic year, [23] many students are forced to take out student loans to bridge the gap between grants and their annual tuition costs. More students over the years have been actively enrolled in universities, with enrollment in ...