The Government remains committed to being the principal source of funding for our universities. This commitment will not be reduced as a result of increased contributions from the other stakeholders. The Steering Committee recommends that the Government continue to match the endowment donations that the universities raise from their stakeholders. In addition, MOE’s funding will be provided through a fungible block budget to give the universities greater financial autonomy to apply the resource where it creates the most value. Access to university education to qualified Singaporean students will remain “needs-blind” and university education will be kept affordable. For the financially needy, there will also be a suite of student financing schemes, so that qualified students regardless of their financial background, can pursue university education.