Edusave for madrasahs: “long-standing issue” but a welcome development nevertheless

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Edusave

The Government started the scheme in 1993 by setting up the Edusave Endowment Fund with an initial contribution of $1 billion. The capital sum reached the targeted $5 billion by 1997. This fund is invested and the interest earned is disbursed as grants and awards to schools and students to pay for enrichment programmes and fund additional resources.

After the National Day Rally announcement, any Singaporean child who is studying full-time in a government, government-aided or independent school, junior college, centralised institute, Institute of Technical Education or special education school, or enrolled in madrasahs, privately-funded schools, as well as children who are home-schooled or residing overseas, can benefit from Edusave. 

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PM's National Day Rally: A speech of contradictions?

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  • Housing: Is $20,000 “not so small” or “not much more”? PM used both phrases to describe the same amount, when he acted as the “housing agent” for all Singaporeans.

  • Health: MediShield Life to cover all Singaporeans regardless of pre-existing illnesses for life, but premiums will go up leaving existential questions of healthcare affordability unanswered.

  • Education: “Every school is a good school”, he repeated MOE's mantra, while adding “it is also good that we have top schools nationally”, leaving doubts whether the scramble for “top schools” will continue.  

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