Good news in bad times!
In times of recession, such news is almost equivalent to striking the lottery.
"...MOE will also suspend the repayment of Tuition Fee Loans (TFL) and Study Loans (SL) for a year for all university and polytechnic graduates, from 1 Apr 2009 to 31 Mar 2010. During this period, students will not have to repay their loans and no interest will be levied on any outstanding loan. All graduates who have taken loans under the TFL and SL schemes will have their repayments suspended automatically. This includes graduates who are already servicing their loans as well as those who will start their repayments before 31 Mar 2010. "
Of course, striking the lottery would still be preferable. =p