Post-Secondary Education Account (PSEA) holders can use their PSEA funds for full or partial lump sum repayment of their own education loan taken under the CPF Education Loan Scheme. Repayments will be credited to the members’ (lenders’) CPF Ordinary Accounts (OAs).

 

Students (borrowers) may log in to the Ministry of Education’s Student Finance System (SFS) using their Singpass to check their available PSEA balance and submit their application to use PSEA funds for repayment. Account holders will receive an email informing them of their application outcome 30 to 60 days after submitting the form.

 

For more information on the usage of PSEA, please refer to the PSEA website.