Quantedge Foundation-Forward SITizen Award

The Quantedge Foundation-Forward SITizen Award is part of the Forward SITizen Initiative at SIT that aims to make possible full tuition-fee support for the most financially needy group of undergraduate students at SIT.

Recipients of the Quantedge Foundation-Forward SITizen Award will be able to offset his/her subsidised tuition fees, after taking into account all scholarships, bursaries and other grants from all donors and the Singapore Government.

Eligibility Criteria:

Applicants must meet the following criteria:

• Enrolled in any of SIT’s full-time undergraduate degree programme as a Year 1 student on or after 2023/2024;
• Is a Singapore Citizen;
• Does not already possess a Bachelor’s degree
• Lives in a HDB flat that is no larger than a 4-room type HDB flat;
• Has monthly per capita income not exceeding S$750; and
• Who does not, and whose immediate family members living in the same household do not own any private property in or outside of Singapore.

Tenure and Benefits of the Bursary:

• Any remaining subsidised tuition fees payable after taking into account all scholarships, bursaries and other grants from all donors and the Singapore government

• The duration of each Award is for a maximum of 4 Academic Years, provided that all criteria set out above are met at each annual review

• No bond commitment

About the Donor

Quantedge Foundation is a philanthropic foundation that supports a wide range of charitable causes in Singapore, with a strong focus on improving social mobility. Established by the principals of Quantedge Capital, the Foundation is registered as a Charity and has been an Institution of a Public Character in Singapore since February 2016.

Quantedge Foundation believes that every child or youth should have an equal opportunity to succeed. The Foundation’s current programmes focus on equalising access to education and other developmental opportunities, and improving social mobility. They work with partner organisations such as SIT to design programmes that alleviate unfavourable starting conditions in life and expand the opportunity set for underprivileged youth, as a pathway to lifting them and their families out of inter-generational poverty.

The Foundation has also supported efforts to promote a more inclusive and caring society, by raising awareness of vulnerable communities in Singapore and seed-funding projects to meet their diverse needs.