Post-Secondary Education Account (PSEA) Scheme

Post-Secondary Education Account (PSEA) Scheme

 

Use PSEA funds to make course fee payment, including supplementary fees, for Part-Time Diplomas and Post-Diplomas, SkillsFuture Career Transition Programmes and Short & Modular Courses with SSG Funding.

Eligibility Criteria:

  • Singapore Citizen students aged 30 and below who have PSEA funds OR
  • Students aged 31 and above with Singapore Citizen siblings who have PSEA funds

Please Note:

  • The account holder’s PSEA will automatically close when they reach the age of 31, typically occurring midway through the calendar year.
  • The account holder will receive a letter from the Ministry of Education (MOE), sent to their address registered under their NRIC, in March of the year they turn 31. This letter will inform them of the upcoming closure of their account. Account holders can opt to:
    • Retain their PSEA for one more year.
    • Transfer the balance to their sibling's PSEA.
    • Donate to the Education Fund.
  • For account holders who did not opt in, their PSEA will be closed and any unused PSEA funds will be transferred to their CPF-OA. This transfer is non-reversible, and the funds will be subjected to CPF-OA usage rules.
  • You can call the 24-hour automated PSEA hotline at 6260 0777 or login to Student Finance System here to check your balance. Latest PSEA balance information will be updated every Wednesday.
  • For more information on PSEA, click here.
  • If you are paying your fees using both SkillsFuture Credit (SFC) and PSEA, the priority order for fees deduction will be as follows: 
    1. SkillsFuture Credit (SFC) 
    2. Post-Secondary Education Account (PSEA)

 

PSEA Application Procedure

 For students aged 30 and belowFor students aged 31 and above
First time submission

1. Please refer to the guide here on how to setup your PSEA Standing Order via Student Finance System here.

a) If you are above 21 years old as of today, please submit the application using your Singpass.

b) If you are below 21 years old, a parent or legal guardian must submit the application on your behalf.

c) If you are using your sibling’s PSEA and your sibling is below 21 years old, a parent or legal guardian must submit the application on behalf of your sibling(s). 

2. After submission, please declare that you will be using your PSEA funds/your sibling’s PSEA funds in STEP Student Portal > Task > Pay > Choose “Post-Secondary Education Account (Standing Order form)”.

3. Enter the amount you wish to offset using your or your sibling’s PSEA funds. 

4. Click “Submit”.

 

1. You will not be able to see “Post-Secondary Education Account (Standing Order form)” as one of your payment options in STEP Student Portal.
2. Please refer to the guide here on how to setup your PSEA Standing Order via Student Finance System here.
a) If you are above 21 years old as of today, please submit the application using your Singpass.
b) If you are using your sibling’s PSEA and your sibling is below 21 years old, a parent or legal guardian must submit the application on behalf of your sibling(s).
3. After submission, please write to [email protected] to inform us. SP PACE will update this payment on your behalf.

 

Subsequent submissions

1. Please declare that you will be using your PSEA/your siblings’ funds in STEP Student Portal > Task > Pay > choose “Post-Secondary Education Account (Standing Order form).”

2. Enter the amount you wish to offset using you or your sibling’s PSEA funds.

3. Tick “I have previously established a Post-Secondary Education Account (standing order) with the Ministry of Education”.

4. Click “Submit”.

 

1. Please write to [email protected] to inform us. SP PACE will update this payment on your behalf.

 

Outcome 

The processing time for the PSEA application will take around 4 to 6 weeks after the date of course commencement. Account holders will receive a letter from MOE informing them of the outcome of their standing order application by then.

We will contact you within 2 weeks from your application submission date if further information is required from you. Should you have any other enquiries regarding PSEA, you may email [email protected].

If you are no longer taking the course, you can terminate the PSEA SO by submitting Student Finance System here.