Aid may come from the NYPi bursary, which was set up last year for both local and foreign students in need, said an NYP spokesman yesterday.
Only students from families with a monthly household income of $1,200 or below qualify for it.
Now, NYP has made special arrangements to use this bursary to help new foreign students affected by the latest fee hike, but they must still meet the same requirements.
Successful applicants will receive $535, which means they will need to fork out an extra $40 to meet the fee hike for this semester.
But the aid applies to one semester only, which means that students will still have to pay the full amount for subsequent semesters.
Students in need can also consider applying for other financial assistance schemes.
Permanent residents account for no more than 5 per cent of students enrolled at the ITE and the five polytechnics. International students make up no more than 10 per cent of the enrolment in these institutions.
Among the polytechnics here, the bigger ones like Ngee Ann, Nanyang and Singapore Poly each have about 15,000 students.
Existing foreign polytechnic students - admitted before 2010 - will also be affected by the fee hike, but the increment is less. They now have to pay an annual school fee of $3,230.
PRs, who study in local polytechnics, pay $2,370 if they were admitted before 2010.
New students, who are PR, will pay $2,870.
Financial assistance schemes
THESE three financial assistance schemes are available to both local and foreign polytechnic students pursuing a diploma course:
1. Tuition Fee Loan (TFL)Scheme
It covers up to 75 per cent of the annual tuition fees.
2.CPF Education Scheme
It covers up to 100 per cent of tuition fees.
3. Polytechnic-administered Bursary Schemes
These schemes provide $500 to $3,000 per annum for students who require assistance. The NYPi bursary is an example of such a scheme.
Other financial assistance schemes are available to Singapore citizens only.
Additional reporting by newsroom intern Vinna Yip
This article was first published in The New Paper.