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Old 28-06-2020, 05:32 PM   #1
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NTU Scholarships

Hi everyone, previously I accepted the offer for the School Scholarship administered by NTU in May, but recently, an external vendor emailed me to notify me that I made it through to the next round of interviews.

May I ask, is it possible to cancel the NTU one if I got offered the external scholarship in the end? Will there be any penalties incurred?

The NTU website says that if I were to terminate the scholarship prematurely, a penalty will be imposed. But considering that I haven't used/obtained the monetary value from the scholarship yet, does it mean that no penalties will be imposed?

Note that I'm commencing my studies in the year 2022/2023.

Last edited by B19B612; 28-06-2020 at 05:56 PM..
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Old 29-06-2020, 11:46 AM   #2
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If you haven't received any money from the scholarship yet then most likely they would allow you to cancel without incurring any penalty.
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Old 29-06-2020, 12:10 PM   #3
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Have u emailed the sch of scholarship? Its best to ask your advice directly from them
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Old 30-06-2020, 09:54 AM   #4
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Hi everyone, previously I accepted the offer for the School Scholarship administered by NTU in May, but recently, an external vendor emailed me to notify me that I made it through to the next round of interviews.

May I ask, is it possible to cancel the NTU one if I got offered the external scholarship in the end? Will there be any penalties incurred?

The NTU website says that if I were to terminate the scholarship prematurely, a penalty will be imposed. But considering that I haven't used/obtained the monetary value from the scholarship yet, does it mean that no penalties will be imposed?

Note that I'm commencing my studies in the year 2022/2023.
It depends and varies from scholarships to scholarships. Likely to have some terms and conditions when you signed, better check with them. Probably at most pay back abit. For instance my friend broke the MOE scholarship very early and had to pay 1k.
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Old 30-06-2020, 10:15 PM   #5
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Isn't the school scholarship better? I suppose your external scholarship comes with a bond.
As someone who was a scholar, I highly recommend go for bond-free scholarship. Together with me, I have friends who have decided to break the bond and leave organization early. And you definitely don't want to pay the huge amount of liquidation damage.
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