Cost of not fulfilling a government scholarship/award

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Cost of not fulfilling a government scholarship/award

Postby Teacher Aaron » Mon Mar 31, 2014 1:13 pm

See the breakdown of liquidated damages in this link to the full story:

http://therealsingapore.com/content/father-fighting-against-daughter%E2%80%99s-76000-bond-debt-moe-failing-teaching-course

A whopping 76k, and this is just a normal NIE teaching award. If anyone's child is intending to apply for a scholarship, do have a serious discussion first.

Teacher Aaron
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Re: Cost of not fulfilling a government scholarship/award

Postby havok_ex » Mon Mar 31, 2014 2:51 pm

Always be careful when signing a bond. Make sure you know that this is what you want to do and commit your mind and body to it.

Although the 76k looks quite exorbitant. The reality is that approximately 54k was given in cash form to the student. So only about 22k was the cost of the degree. I have a few friends in nie. They too ensure that they keep any cash they receive from their bond. In case of unforseen circumstances, the would still be able to pay back a large sum of the liquidated damages. Don't think its fair to blame MOE in the article. Considering that the 54k of cash was spent on who knows what for the pleasure of the student.

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Re: Cost of not fulfilling a government scholarship/award

Postby Teacher Aaron » Mon Mar 31, 2014 5:47 pm

havok_ex wrote:Always be careful when signing a bond. Make sure you know that this is what you want to do and commit your mind and body to it.

Although the 76k looks quite exorbitant. The reality is that approximately 54k was given in cash form to the student. So only about 22k was the cost of the degree. I have a few friends in nie. They too ensure that they keep any cash they receive from their bond. In case of unforseen circumstances, the would still be able to pay back a large sum of the liquidated damages. Don't think its fair to blame MOE in the article. Considering that the 54k of cash was spent on who knows what for the pleasure of the student.


The takeaway is that it's best to go into a scholarship with eyes wide open. I believe overseas scholarships probably attract a penalty of 5 times this figure or more. I think the medicine bond in NUS is half a million. Scary figures for those in the middle income groups and below.

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Re: Cost of not fulfilling a government scholarship/award

Postby xiaostar » Thu Apr 03, 2014 10:45 am

Read one blogger's response -

I refer to the recent article titled "Father fighting against daughter’s $76,000 bond debt to MOE for failing teaching course."

Credits for all 6 'O' Level subjects is plain mediocre, or should I just say it straight: WAY BELOW AVERAGE.

Perhaps the Ministry of Education could shed some light on how a person can be accepted as a trainee teacher on the basis of such dismal grades.

I don't even want to venture a guess as to why the girl really failed both practicums.

Something is terribly wrong with the selection system judging by her case.


http://www.domainofexperts.com/2014/03/ ... -debt.html

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Re: Cost of not fulfilling a government scholarship/award

Postby starlight1968sg » Thu Apr 03, 2014 10:51 am

havok_ex wrote:Always be careful when signing a bond. Make sure you know that this is what you want to do and commit your mind and body to it.

True.
That is the meaning of a bond.
The quota of the holders is real small, one received means another being deprived.
If can't decide, then dont sign on the dotted line.

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Re: Cost of not fulfilling a government scholarship/award

Postby FrekiWang » Tue May 13, 2014 10:35 am

The key difference between a scholarship in NIE and a scholarship in other degree is that sponsoring a NIE students means not only paying the tuition fee, but also paying the student the starting salary of a teacher for a year. If a teacher-to-be does not qualify to be a teacher in the end, then the one year salary...

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