Over 60% of NUS' $9.5b reserves in endowment funds

$230m in investment returns from endowments and other donations used for operating expenses

The size of the National University of Singapore's reserves has been the topic of a few letters from ST readers. PHOTO: ST FILE
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The size of NUS' reserves has been the topic of a few letters from Straits Times readers, including Mr Ivan Goh, 48, a senior manager who asked why NUS tuition fees have increased over the years despite its hefty reserves.

NUS did not increase the tuition fees for most of its undergraduate courses for Singaporeans in its new academic year, which started on Aug 5.

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A version of this article appeared in the print edition of The Straits Times on August 28, 2019, with the headline Over 60% of NUS' $9.5b reserves in endowment funds. Subscribe