PSEA holders can use the funds in their PSEA to repay four types of approved government education loans and financing schemes, namely the Tuition Fee Loan (TFL) Scheme, the Study Loan (SL) Scheme, the Overseas Student Programme (OSP) Loan Scheme, and the CPF Education Scheme.
The TFL, SL, and OSP loan schemes are currently offered to students studying in MOE-subsidised diploma and degree programmes in the Polytechnics and Autonomous Universities (AUs), while the CPF Education Scheme is open to students studying in full-time subsidised diploma and degree programmes at ITE, Polytechnics, AUs, and the Arts Institutions*.
PSEA cannot be used to repay other non-approved schemes not listed above. Click here for information on loan repayment.
*These Art institutions are the Nanyang Academy of Fine Arts and the LASALLE College of the Arts.