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How do I check my Post-Secondary Education Account (PSEA) balance?
You can call our 24-hour automated Edusave/ PSEA hotline at 62600777 to check your balance (updated every Wednesday). For any PSEA transaction that occurs in the month, a statement will be sent to you in the following month. There will also be an Annual Statement sent to you around March of each year.
How do I apply for the withdrawal of the Post-Secondary Education Account (PSEA)?
If the course you are attending is one of the approved programmes for the use of PSEA, you can approach the approved institution where you are pursuing the approved programme to apply for the PSEA withdrawal. The approved institution will advise you of the form to complete for submission and the fees and charges which can be paid from your PSEA, if there is sufficient balance in your PSEA.
When does my/ my child’s Post-Secondary Education Account (PSEA) close & what happens to the unutilised fund?
The PSEA will be closed in the year you/ your child turns 31. Any remaining balance will be automatically transferred to your/ your child’s CPF-Ordinary Account. An option letter will be sent to you/ your child together with your/ your child’s annual statement of account in that year to ask if you/ your child would prefer to transfer the balance to your sibling’s/ your child’s sibling’s PSEA instead. Please note that the PSEA balance cannot be withdrawn in cash nor transferred to another bank account.
Why is there a need to transfer the Post-Secondary Education Account (PSEA) balance to the CPF-Ordinary Account (OA) after an account holder turns 30?
The PSEA is aimed at helping Singaporeans to complete their post-secondary education early. Hence, after age 30, the balance is transferred to CPF-OA for other uses. Account holders who require the use of PSEA funds beyond 30 years old can write in to
for extension of the use of PSEA after they receive the option letter from MOE together with their annual statement of account in the year they turn 31.
What is the Post-Secondary Education Account (PSEA)? How can it be used?
The PSEA is an account maintained by the Government for eligible Singaporeans. The primary objective is to help parents save for their children’s post-secondary education.
PSEA can be used for the following types of courses:
a) Full qualification courses, skills-based modular courses, approved modular and short courses leading to certificates that are offered by the publicly-funded autonomous universities (AUs), polytechnics, and Institute of Technical Education (ITE);
b) Approved government-subsidised full qualification courses, modular courses, and short courses leading to certificates, that are conducted by the Arts Institutions
, public agencies, and private training providers;
c) Programmes in government-supported Special Education schools; and
d) Training courses for persons with disabilities under SG Enable.
These Art institutions are the Nanyang Academy of Fine Arts and the LASALLE College of the Arts.
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