Post-Secondary Education Account (PSEA)
What is Post Secondary Education Account
The Post-Secondary Education Account, or PSEA, is part of the Post-Secondary Education Scheme that helps parents save for their children’s post-secondary education. Parents can maintain a Post-Secondary Education Account for each eligible child.
This is part of the Singapore Government’s efforts to encourage every Singaporean to complete his post-secondary education. It also underscores the Government’s commitment to support families in investing in the future education of their children, and to prepare them for the economy of the future. PSEA is not a bank account. It is administered by the Ministry of Education (MOE) and is opened automatically for all eligible Singaporeans.
A PSEA account holder can use his PSEA funds to pay for his own or his siblings’ (where applicable) approved fees and charges for approved PSEA courses conducted by the institutions indicated in the table below.
|Approved Institutions||Approved Programmes|
|Six autonomous universities(i.e. National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore University of Technology and Design, Singapore Institute of Technology, and Singapore University of Social Sciences)||All undergraduate programmesAll postgraduate programmesMOE-subsidised modular coursesApproved modular and short courses leading to certificates*|
|Five polytechnics(i.e. Singapore Polytechnic, Ngee Ann Polytechnic, Nanyang Polytechnic, Temasek Polytechnic and Republic Polytechnic)||All diploma programmesPolytechnic-Foreign Specialised Institution (Poly-FSI) degree programmesMOE-subsidised CET ProgrammesPolytechnic Foundation Programme (PFP)MOE-subsidised modular coursesOther non-MOE-subsidised CET full qualification programmes*Approved modular and short courses leading to certificates*|
|Institute of Technical Education (ITE)||All Nitec and Higher Nitec programmesITE diploma programmesMOE-subsidised CET ProgrammesITE Direct-Entry-Scheme to Polytechnic ProgrammeMOE-subsidised Enhanced-Nitec Foundation ProgrammeMOE-subsidised modular courseOther non-MOE-subsidised CET full qualification programmes*Approved modular and short courses leading to certificates*|
|Arts Institutions(i.e. LASALLE College of the Arts and Nanyang Academy of Fine Arts)||MOE-subsidised diploma programmesMOE-subsidised degree programmesMOE-subsidised modular coursesOther approved government-subsidised full qualification courses*Approved government-subsidised modular and short courses leading to certificates*|
|Government-supported Special Education (SPED) schools||Programme fees and charges in SPED schools|
|SG Enable||Approved training courses under SG Enable|
|Singapore Institute of Legal Education (SILE)||Part A & B Bar courses and examinationsForeign Practitioner Examinations (FPE)|
|Public agencies and Private Training providers*||Approved government-subsidised full qualification courses*Approved government-subsidised modular and short courses leading to certificates*|
*Courses under these categories which are submitted by public agencies and institutions will be subject to MOE’s approval for inclusion under PSEA.
For payment of approved fees and charges, you can withdraw the PSEA funds by establishing a Standing Order with MOE or by submitting ad hoc withdrawal applications as and when withdrawals are to be made. The form to use will depend on the approved institution you are in. Please consult the approved institution you are studying in on which form to use.
How to check fund balance?
You can call our 24-hour automated PSEA hotline at 62600777 to check your balance. Latest PSEA balance information will be updated every Wednesday.
For any PSEA transaction that occurs in that month, a statement will be sent to you in the following month. You will also receive a statement of account by end of March every year.
What fees and charges are allowed under PSEA usage?
Generally, PSEA can be used for the tuition or course fees, certification fees and assessment fees (including any GST imposed on these fees) for the approved programmes. It will not cover fees charged for items like registration services, materials or goods, administrative services, memberships and hardware or software.
Certification fees refer to the fees charged by training providers for the certification (of any kind) of the student for the purposes of his candidature in a course. Assessment fees refer to fees charged by training providers for conducting an assessment (of any kind) of the student for the purpose of his candidature in a course (e.g. exam fees).
If you have any enquiries on PSEA, which PSEA courses are suitable for you and how you can apply, feel free to enquire.