The Post-Secondary Education Account (PSEA) is part of the Post-Secondary Education Scheme to help parents save for their children’s post-secondary education. The PSEA is administered by MOE and is opened automatically for all eligible Singaporeans.

 

Funds in your Post-Secondary Education Account (PSEA) can be used to pay for your own or your siblings’ approved programmes in MOE's list of approved institutions.

 

It can also be used to repay approved financing schemes such as loans under the CPF Education Loan Scheme and MOE Tuition Fee Loan taken for studies in autonomous universities, polytechnics, ITE (Diploma), and art institutions.

 

To check your PSEA fund balance, you can call the MOE’s 24-hour automated PSEA hotline at 62600777 to check your balance. Latest PSEA balance information will be updated every Wednesday.

 

The PSEA will be closed around the middle of the year in which you turn 31. Any unused funds in the PSEA will be transferred to your CPF-OA. Once transferred to CPF-OA, it cannot be reversed to PSEA and will be subjected to CPF-OA usage rules.

 

For student who took up CPF Education Loan or MOE Tuition Fee Loan to finance their education, you may consider using PSEA funds to repay your outstanding education loan before it’s transferred to your CPF-OA.

 

Alternatively, you can opt to transfer the balance to your sibling’s existing PSEA (if applicable) when you receive the transfer option letter from MOE in the year you turn 31 years old.

 

For more information on PSEA, please visit MOE PSEA website