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Eligible Singaporeans

Post-Secondary Education Account (PSEA)

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Post-Secondary Education Account

Overview

The Post-Secondary Education Account (PSEA) is automatically opened for all eligible Singaporeans as part of the Post-Secondary Education Scheme, designed to help parents save for their children’s post-secondary education. Administered by MOE, the PSEA provides insights into its benefits and usage. Discover how it can support educational expenses for your child’s future.
The PSEA balance earns interest pegged to the CPF Ordinary Account (CPF-OA), currently at 2.5% per annum.
Note: The additional 1% interest on the first $20,000 in the CPF-OA does not apply to the PSEA.

Who is eligible for the credit?

PSEA Eligibility
  • Singaporeans with a Child Development Account (CDA)
  • National Service housing, medical, and education awards
  • Parental contributions to PSEA
  • Government top-up eligibility
  • Edusave balance transfer
  • Annual education bursary
Closing PSEA
  • PSEA closes in the year you turn 31.
  • Unused funds transfer to your CPF Ordinary Account (CPF-OA).
  • Transferred funds cannot revert to PSEA.
  • Funds are subject to CPF-OA usage rules.
  • Option to transfer balance to a sibling’s PSEA (if applicable).
  • Transfer option letter sent in the year you turn 31.
  • Check eligibility, fund balance, and usage options.

FAQs

How to check fund balance?
  • Call the 24-hour automated PSEA hotline at 6260 0777 to check your balance.
  • Latest PSEA balance information is updated every Wednesday.
  • Monthly transaction statements are sent in the following month.
  • An annual statement of account is sent by the end of March each year.
How to use funds?
  • Funds in your Post-Secondary Education Account (PSEA) can be used for your own or your siblings’ approved programmes at designated institutions.
  • PSEA funds can also repay government education loans and financial schemes.
Note: PSEA cannot be used for junior college or Millenia Institute expenses.

  • Edusave contributions can be used for junior college expenses.
  • For additional support, seek financial assistance or apply for awards and scholarships.
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