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MOE: Student loan default rate low, write-offs done only as a last resort (Amended)

Mr Ong says the proportion of foreign students who default on fulfilling scholarship bonds stands at about one per cent currently


THE default rate of student loans in Singapore is low compared to other countries, and these loans are written off only as a last resort, said Acting Education Minister (Higher Education and Skills) Ong Ye Kung in Parliament on Monday.

He was responding to questions by