Edusave in the context of "Education in Singapore"

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⭐ Core Definition: Edusave

The Edusave (Chinese: 教育储蓄) programme is part of a scheme implemented for education in Singapore by the Ministry of Education (MOE) for Singapore. Its stated aim is to maximise opportunities for all Singaporean children. The scheme aims to reward students who perform well or who make good progress in their academic and non-academic work, and provides students and schools who qualify with funds to pay for enrichment programmes or to purchase additional resources. It is applicable to Singaporeans between the age of 6 and 16 and studying full-time at government, government-aided or independent schools, junior colleges (JC) and Centralised Institutes (CI), Institute of Technical Education (ITE) or special education schools.

The Edusave Endowment Fund is built from various contributions from the government of Singapore. The fund is invested into by the government and the interest earned is used to finance the contributions, grants and awards given to schools and students.

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👉 Edusave in the context of Education in Singapore

Education in Singapore is managed by the Ministry of Education (MOE). It controls the development and administration of state schools receiving taxpayers' funding, but also has an advisory and supervisory role in respect of private schools. For both private and state schools, there are variations in the extent of autonomy in their curriculum, scope of taxpayers' aid and funding, tuition burden on the students, and admission policy.

Education spending usually makes up about 20 per cent of the annual national budget, which subsidises state education and government-assisted private education for Singaporean citizens and funds the Edusave programme. Non-citizens bear significantly higher costs of educating their children in Singapore government and government-aided schools. In 2000, the Compulsory Education Act codified compulsory education for children of primary school age (excepting those with disabilities), and made it a criminal offence for parents to fail to enroll their children in school and ensure their regular attendance. Exemptions are allowed for homeschooling or full-time religious institutions, but parents must apply for exemption from the Ministry of Education and meet a minimum benchmark.

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