SMU will offer new grants and scholarships to ensure that the tuition fees of its financially needy Singaporean undergraduates are fully covered throughout their four years in SMU. The new initiative, called SMU Access, is supported by an $8 million seed fund from local charity Quantedge Foundation. Eligibility for the SMU Access grant component is based solely on students' household economic circumstances, such as per capita income and housing type. The SMU Access scholarship component, called the Quantedge Foundation Scholarship, will be given to about 20 to 25 financially needy students with strong academic potential - conditional on them maintaining a cumulative GPA of at least three out of four each year.

SMU President Professor Arnoud De Meyer said: “We would like to express our sincere appreciation to Quantedge Foundation for establishing the Scholarship which will help us ensure that no deserving student misses out on the opportunity of an SMU education because of financial need.”