Let's face it, there is no such thing as a free lunch. Or is there?
There are a number of bond-free scholarships out there worth $200-$500k for undergraduates to top universities. That means the graduate can pursue any path he or she chooses upon graduation. No 4-6 year bond. No 8% compounded interest to pay off.
There seems to be a miseducation about scholarships in Singapore. People perceive government scholarships as the golden ticket. It's true, if you absolutely believe in public service and adore the ministry you are attached to. Climbing the public service ladder becomes relatively straightforward. If you're not 100% informed or certain, don't take it.
Going overseas broadens your perspective. Many walk into fields unexplored or pursue academia. More pragmatic ones become bankers or consultants and make USD$60-120K/yr starting out.
There are a
number of bond-free scholarships for those who need a free ticket out.