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Post-Secondary Education Account

The PSEA scheme started in the year 2007 with the intention to encourage parents to save for their children's post-secondary education by maintaining a Post-Secondary Education Account (PSEA) for each eligible child.

This is part of the Government's efforts to encourage every Singapore Citizen to complete his/her post-secondary education. It also underscores the Government's commitment to support families in investing in the future education of their children, and to prepare them for the economy of the future. PSEA is not a bank account.

Eligibility

The PSEA is administered by the Ministry of Education (MOE) and is opened to all eligible Singapore Citizens. Students may use their own or their siblings' PSEA funds to pay for course fees.

Note:

  1. Students are advised to call the Edusave/ PSEA Scheme hotline to check if there are sufficient funds in their account to cover the withdrawal amount before submitting the Standing Order or Ad Hoc Withdrawal form.

  2. The parent or legal guardian must authorise the application if the student and/or sibling is/are below 21 years old.

  3. MOE will inform students of the application outcome. A monthly Transaction Statement will be sent to the account holder if there are PSEA contributions, withdrawal or refund transactions in the previous month. Students can check with MOE, 2 weeks after the submission of the application form on the amount of funds withdrawn from their PSEA account.


Application Period

Standing Order
Applications are now open and will close on 17 January 2020.
 
Adhoc Withdrawal
Applications are now open and will close on 29 January 2020.

Incomplete or late submissions will not be processed.

MOE Contact for PSEA Scheme

Edusave/ PSEA Scheme Hotline: 6260-0777
Email: contact@moe.edu.sg
More information about the PSEA scheme.