NSYSU reduces students’ tuition and fees by 3% starting from August to respond to economic difficulties arising from the pandemic
COVID-19 pandemic has been spreading across the world. It has also affected the economy of Taiwan. The society’s wellbeing is one of the priorities of our University, thus, to lower the financial pressure of families, as the first university in Taiwan, National Sun Yat-sen University announced a 3% reduction of students’ tuition and fees for a period of one year, starting from August 2020. This means average annual savings of NTD 1,600 for the approximate 9,500 students of the University. A financial aid program was further launched to help the students and their families which lost their income source as a consequence of the pandemic. A maximum stipend of NTD 20,000 will be granted to families in which the main provider is temporarily unemployed, or his/her company closed down or suspended its operations, causing involuntary unemployment (with the unemployment insurance application not approved yet).
“The University hopes to provide financial relief and assistance to the students and their families to the greatest possible extent”, said NSYSU President Ying-Yao Cheng. He pointed out that because of the pandemic, most international exchange events scheduled for the first half of this year were either postponed or canceled, which allowed to save part of the University’s budget and made possible the reduction of students’ tuition and fees in the next academic year. It is estimated that in the academic year 2021/2022 the impact of the pandemic will gradually vanish. Then, standard amounts of tuition and fees will be covered.
To prevent students from discontinuing their studies as a consequence of financial problems, NSYSU expanded the scope of financial aid, launching the financial aid program. If because of the pandemic-related economic difficulties the family’s main provider temporarily lost their employment or their business was closed down or suspended, causing involuntary unemployment and deteriorated quality of life of the family, when the unemployment insurance application has not been approved yet, an allowance for the family will be granted: NTD 10,000 for those families in which the average income per capita is more than 150% and less than 200% of the minimum cost of living (NTD 13,099), and NTD 20,000 for those families in which the average income per capita is lower than 150% of the minimum cost of living. The allowance is covered by the University’s emergency aid fund.
President Ying-Yao Cheng added that in the past three months the R.O.C. government and the citizens joined forces and gained the appraisal of the international community in handling the COVID-19 outbreak. However, the impact of the pandemic on the Taiwanese economy has been significant, with most businesses affected. To respond to these economic difficulties and undertake its social responsibility, National Sun Yat-sen University, as the first university in Taiwan, has proposed a tuition and fee reduction policy. The NSYSU President emphasized that every citizen has been working together to respond to the pandemic. “With community well-being in mind, NSYSU hopes to provide relief, assistance, and support to the students in difficult times.”.
“The University hopes to provide financial relief and assistance to the students and their families to the greatest possible extent”, said NSYSU President Ying-Yao Cheng. He pointed out that because of the pandemic, most international exchange events scheduled for the first half of this year were either postponed or canceled, which allowed to save part of the University’s budget and made possible the reduction of students’ tuition and fees in the next academic year. It is estimated that in the academic year 2021/2022 the impact of the pandemic will gradually vanish. Then, standard amounts of tuition and fees will be covered.
To prevent students from discontinuing their studies as a consequence of financial problems, NSYSU expanded the scope of financial aid, launching the financial aid program. If because of the pandemic-related economic difficulties the family’s main provider temporarily lost their employment or their business was closed down or suspended, causing involuntary unemployment and deteriorated quality of life of the family, when the unemployment insurance application has not been approved yet, an allowance for the family will be granted: NTD 10,000 for those families in which the average income per capita is more than 150% and less than 200% of the minimum cost of living (NTD 13,099), and NTD 20,000 for those families in which the average income per capita is lower than 150% of the minimum cost of living. The allowance is covered by the University’s emergency aid fund.
President Ying-Yao Cheng added that in the past three months the R.O.C. government and the citizens joined forces and gained the appraisal of the international community in handling the COVID-19 outbreak. However, the impact of the pandemic on the Taiwanese economy has been significant, with most businesses affected. To respond to these economic difficulties and undertake its social responsibility, National Sun Yat-sen University, as the first university in Taiwan, has proposed a tuition and fee reduction policy. The NSYSU President emphasized that every citizen has been working together to respond to the pandemic. “With community well-being in mind, NSYSU hopes to provide relief, assistance, and support to the students in difficult times.”.
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