03 September 2018
The cost of education in Singapore has been increasing over the years. The index for tuition fees for polytechnics and local universities has increased by 8.3 percentage points since 2014, according to the Department of Statistics.
With Singapore’s heavy investment in education, it is no wonder that Singapore topped the global Programme for International Student Assessment (Pisa) rankings in mathematics, science and reading for tests conducted in 2015.
On the other hand, rising education costs could boil down to personal choice. For instance, lower-income households are spending less of their average household income on education (2.6 per cent) compared with middle-(6 per cent) and upper-income (7 per cent) households.
This comes amid the Government’s calls to move away from a narrow focus on grades and efforts to reduce financial pressures on lower-income households.