Is the education loan the primary mode of financing my studies, or do I need to use savings as well in Singapore for a Master's?

Yes, an education loan can be your primary mode of financing your master's studies in Singapore, but most students also use personal savings or family support.

Combining a loan with savings helps reduce the amount you need to borrow, lowering your future repayment and interest costs. Scholarships or financial aid can further ease your financial burden.

Relying solely on a loan is possible, but having some savings or family support is usually necessary to manage upfront expenses and unexpected costs.