Written By: Brandon LimOn October, 23 2019 - 7 MINUTE READ
Confused about all the different payment terms when browsing for course information on TaF.tc's website? Here's a quick guide to the different grants, subsidies & payment modes available for you to tap on.
At TaF.tc, Singaporeans & Permanent Residents are eligible for grants & subsidies from the government which consists of:
- SkillsFuture Singapore Grant (SSG)
- SkillsFuture Mid-Career Enhanced Subsidy (SFMCES)
- Workfare Training Support (WTS)
By default, all Singaporeans and Permanent Residents (PRs) are eligible for the SkillsFuture Singapore Grant (SSG). This subsidises the course by 70% - 90% (depending on the type of course chosen). All you need to do during enrolment is to declare and indicate that you are a Singaporean or PR.
SkillsFuture Mid-Career Enhanced Subsidy (SFMCES)
The Singapore Government supports and encourages mid-career Singaporeans aged 40 & above to upgrade or learn new skills in order to remain competitive in the workforce. This is done via the SkillsFuture Mid-Career Enhanced Subsidy (SFMCES). By indicating that you are 40 and above (as of the calendar year), and upon verification of your NRIC, you would be eligible for the SFMCES grant - which would subsidise up to 90% of the total course fees.
Workfare Training Support (WTS)
Singaporeans aged 35 & above (as of the calendar year) and are earning a monthly gross income of S$2,000 or less are eligible for the Workfare Training Support (WTS) scheme. This scheme aims to help them upgrade their work skills as well as to improve their employability.
To see if you qualify for this subsidy, you may contact the WTS hotline (Tel: 1800-536-8333), where they will assess your eligibility for the WTS scheme. If successful, you would be sent the WTS letter and enjoy subsidies of up to 95% of the gross fees for our courses. You may also be eligible for training allowance and the Training Commitment Award (TCA). You may refer to the WTS website for more information. Please note that these will only be granted upon submission of the WTS letter.
Still unsure about which grant you are eligible for? Check out the infographic below!
SSG, SFMCES & WTS - what’s the difference?
Do note that while the grants & subsidies are available for all our short courses and qualifications, it can only be used once per course so if you decide to take the same course again, there would be no grants or subsidies available.
For example, you may have completed our Basic Drafting & Sewing (BDS) course, and you paid S$174.41 (after the SSG subsidies). A few years later, you might have forgotten about what you have learnt, and would like to take the course again. However, in this scenario, you would not be eligible for any grants for this particular module, and hence, you need to pay the full course fee of S$1,510. But if you were to continue doing our Intermediate Drafting & Sewing (IDS) course after completing BDS, then you only need to pay the subsidised amount for IDS!
Now that you have learnt about your eligibility for the most commonly used grants or subsidies for our courses at TaF.tc, here are the modes of payment you can use to pay for the remaining amount.
At TaF.tc, the three main modes of payment for our courses are through:
- SkillsFuture Credits (SFC)
- Post-Secondary Education Account (PSEA)
- Stripe Payment via Debit/ Credit Card
SkillsFuture Credits (SFC)
Since January 2016, the government has given every Singaporean aged 25 & above S$500 worth of SkillsFuture Credits (SFC) to be used for skills development. These credits would not expire and can be used to make payment for our courses at TaF.tc. Take note that once the credits have been used up, there is no guarantee that there will be a top-up by the government. So if you're eyeing to sign up for an expensive Diploma programme, you may want to reconsider using your SkillsFuture Credits to pay for that sewing class! When you enrol with TaF.tc, you will be given the option to use your SFC. However, as the SFC does not cover other related fees, you would still need to pay for the application fee (inclusive of the GST).
For example, you would have to pay S$12.84 for the application fee and GST for our Basic Drafting & Sewing course. The remaining amount of S$161.57 can be claimed with your SFC through the SkillsFuture website, and by selecting the option "Submit a Claim". Please prepare your SingPass login details and set aside at least 10 minutes to complete the claim.
Post-Secondary Education Account (PSEA)
The Post-Secondary Education Account (PSEA) is created automatically by the Ministry of Education for all Singaporeans to encourage them to complete their post-secondary education. These funds would be available for your own use until you have reached the age of 31. The remaining funds would then be transferred to your CPF - Ordinary Account (CPF-OA). Where applicable, students may also use their eligible siblings' PSEA to pay for their courses.
Students would need to fill up and submit their PSEA forms (one form for each course) to TaF.tc to process the payment. Applicants for the Diploma and Advanced Certificate programmes can submit a form for the whole qualification. If you are planning on taking the qualification programme on a modular basis, you may approach one of our friendly Programme Advisors for more information.
Stripe Payment via Debit/ Credit Card
By default, TaF.tc students can make payment for their courses via debit or credit card through our online billing system, Stripe. Payment is generally made and completed during the enrolment process - with the amount payable usually inclusive of the application fee and GST.
In the event that you have made an incorrect claim (over or under your balance SFC/ PSEA amount), you will be notified through email to make partial payment for the remaining amount. For example, when enrolling for our Footwear Design Sketching course, you indicated that you would claim the S$465.45 of SFC, but you only had S$200 of SFC left. You would have to first inform our Programme Advisors or Customer Relations Executives, and then make the SFC claim of S$200 before paying the remaining S$265.45 through Stripe.
Here's an infographic that explains the different payment modes.
A brief summary of SFC, PSEA & Stripe
We hope this guide has been an invaluable help in explaining the different grants, subsidies and payment methods available at TaF.tc, and how you can pay less and learn more. If you are interested in signing up for our courses, here are some of the more popular courses currently available:
We hope that from this article, you would be encouraged to continue your lifelong learning journey with us at TaF.tc. If you have any queries, do feel free to reach out to me, Brandon, at 8778 0324.