Use of SkillsFuture Credit for Younger ITE Graduates to Upgrade Themselves
Ministry of EducationSpeakers
Summary
This question concerns whether ITE graduates under the age of 25 can use SkillsFuture Credit for upskilling, as raised by Mr Saktiandi Supaat. Senior Parliamentary Secretary Ms Low Yen Ling replied that while the credit begins at age 25, younger graduates can utilize their Post-Secondary Education Accounts for a wide range of approved courses. She highlighted that training is heavily subsidised up to 97% and noted the availability of apprenticeship-based pathways like the ITE Work-Learn Technical Diploma. The Senior Parliamentary Secretary emphasized that employment support is accessible through career centres and financial flexibility is offered through instalment plans for those in need. Thus, the Ministry provides alternative resources and substantial funding to support younger graduates in enhancing their employability before they reach the age eligibility for SkillsFuture Credit.
Transcript
16 Mr Saktiandi Supaat asked the Minister for Education whether ITE graduates under the age of 25 can be allowed to use their SkillsFuture credits to improve their skills or undertake courses to enhance their employability.
The Senior Parliamentary Secretary to the Minister for Education (Ms Low Yen Ling) (for the Minister for Education): The starting age for SkillsFuture Credit is 25 years old, as it is the age where many Singaporeans would have completed their full-time education and are in, or are preparing to jointhe workforce. Singaporeans under 25 years old can use their Post-Secondary Education Accounts (PSEAs) to defray out-of-pocket fees for approved programmes.
More importantly, beyond the SkillsFuture Credit, Singaporeans have access to a wide range of measures to support their skills development. There are subsidies of up to 97% of course fees for various training programmes, such as the part-time Higher Nitec module which could cost as low as $40, after all the subsidies.
Institute of Technical Education (ITE) graduates who wish to enhance their employability or seek employment assistance can receive help from the ITE Career Services Centre or any of the Workforce Singapore career centres.
Mr Saktiandi Supaat (Bishan-Toa Payoh): Just one quick question: the age of 25, I suppose, was introduced because it sort of meets with the graduation for most university graduates and tertiary education graduates. But for ITE graduates, when they graduate at 21, the Senior Parliamentary Secretary mentioned that there are Higher Nitec grants and subsidies that are provided. Will the Ministry of Education consider giving some leeway for ITE students after they graduate, especially for those that have graduated and are trying to look for jobs, trying to utilise the SkillsFuture Credit immediately so that they can upskill themselves, going forward?
Ms Low Yen Ling: I thank Mr Saktiandi Supaat for his supplementary questions. I think I will highlight four key points to give him assurance that our ITE graduates will have the support to gain access to courses even after they graduate from ITE.
The first one is, they have a range of options they can choose from to gain access to courses to support skills development and also employability. I will give a quick example and, that is, the recently launched ITE Work-Learn Technical Diploma. This is, essentially, an apprenticeship-based programme that will allow our ITE graduates to pursue a diploma even as they work. It is designed to enhance our ITE graduates' employability because we have structured it such that it has a very strong, on-the-job component; 70% of the curriculum is based on the on-the-job component. It really allows our ITE graduates not just to learn and gain industry-relevant skills, but also to gain a deep understanding of the company and also the sector.
I want to assure the Member that even after our ITE graduates leave ITE, maybe after taking Nitec and working for a couple of years and they are still young, they want to come back and take Nitec again or Higher Nitec, they will receive the support, heavily subsidised. If their family is facing financial difficulties, we can work with them to look at how they can pay the course over a longer period of time through instalments. So, that is the second key point.
For ITE graduates who are under the age of 25, I will briefly talk about the PSEAs. The average balances in the PSEAs are fairly substantial. I want to give the assurance to Mr Saktiandi Supaat that they can use the funds available in the PSEAs and the PSEAs can be utilised for approved courses that are provided by a wide range of Institute of Higher Learnings (IHLs), even public agencies and also private training providers.
Mr Saktiandi Supaat: I thank the Senior Parliamentary Secretary. I just want to find out a bit more. Are the PSEA's slew of curriculum courses similar to the SkillsFuture courses or are they a smaller subset of the SkillsFuture range of courses?
Ms Low Yen Ling: The SkillsFuture Credit directory currently has about more than 18,000 modular courses, and they are quite short term. The approved courses under PSEA can range from courses in our IHLs, that means our ITE, polytechnics, even autonomous universities as well as public agencies and also private training providers. They are just as substantial as well.