Student Finance Matters
Financial Aid & Loans
Popular FAQs
- How do I know whether I am eligible for PSEA?
- How do I apply for PSEA if I am eligible?
- What is the difference between PSEA Standing Order (SO) and PSEA Adhoc Withdrawal?
- What is the application deadline for PSEA for payment of Tuition Fee and Miscellaneous Student Fees? When will the PSEA funds be disbursed and reflected in my student account?
Post-Secondary Education Account (PSEA)
What is the Post-Secondary Education Account (PSEA) scheme?
The PSEA Scheme is administered by the Ministry of Education (MOE) and open to all eligible Singapore Citizens.
The PSEA is part of the Post-Secondary Education Scheme to help Singapore Citizens pay for their post-secondary education.
PSEA is opened automatically for all eligible Singaporeans. PSEA is not a bank account.
How do I know whether I am eligible for Post-Secondary Education Account (PSEA)?
To know whether you are eligible for PSEA, please refer to MOE’s website at https://www.moe.gov.sg/financial-matters/psea/overview
How do I apply for Post-Secondary Education Account (PSEA) if I am eligible?
The PSEA applications are to be submitted online.
Undergraduate students PSEA applications are managed by the Office of Financial Aid (OFA).
Graduate students PSEA applications are managed by the NUS Graduate School.
Please refer to the respective links below for more details on the PSEA application, usage, etc.
What is the difference between Post-Secondary Education Account (PSEA) Standing Order (SO) and PSEA Adhoc Withdrawal?
The PSEA Standing Order (SO) is applicable to students who want to pay their semesters’ tuition and miscellaneous student fees using PSEA funds. This standing instruction is a one-time application and will remain valid until it is terminated with a duly completed PSEA SO Termination Form submitted to MOE. Applications have to be made within the stipulated application periods published on NUS Financial Aid’s website.
The PSEA Adhoc Withdrawal is an application for use of PSEA funds for a one-off/specific amount payment, e.g. pay for current semester’s fees as the PSEA SO’s application deadline has been missed. A fresh PSEA Adhoc Withdrawal Form has to be submitted for each withdrawal. It takes about a month for PSEA Adhoc withdrawal to be credited to NUS for fee payment.
To avoid double payment, students should not apply for PSEA Adhoc withdrawal if they already have valid SO maintained with MOE from the start of the semester.
Can I use my Post-Secondary Education Account (PSEA) funds to pay only miscellaneous student fees?
Yes. To use PSEA funds to pay only miscellaneous student fees, you will need to submit a fresh PSEA Adhoc withdrawal form for each semester.
I have not set up a Post-Secondary Education Account (PSEA) Standing Order (SO) arrangement for my studies in NUS. However, NUS has deducted my PSEA funds for payment of fees. Is the deduction a mistake?
Once a PSEA SO is set up, the standing instruction will apply to all future withdrawals until the SO is terminated or replaced, regardless of which approved institution you attend. This means that the PSEA SO that you had set up with the approved institution prior to your study in NUS will remain valid until MOE receives your PSEA SO Termination Form. Hence, the deduction is not a mistake.
If you do not wish to continue to use your PSEA/your sibling’s PSEA to pay for your fees, pls submit the termination form to MOE online at: https://form.gov.sg/#!/5e8581e37191390011a12e22
Can I use the funds in my Post-Secondary Education Account (PSEA) for repayment of loans taken during my course of study at NUS?
| a) | Semester 1 | end Apr of the year following graduation |
| b) | Semester 2 | end Sep in the year of graduation |
| c) | Special Term Part 1 | end Oct in the year of graduation |
| d) | Special Term Part 2 | end Nov in the year of graduation |
What is the application deadline for Post-Secondary Education Account (PSEA) for payment of Tuition Fee and Miscellaneous Student Fees? When will the PSEA funds be disbursed and reflected in my student account?
Please refer to NUS Office of Financial Aid’s website at https://www.nus.edu.sg/oam/financial-aid/schemes-for-tuition-fees-and-or-living-costs/post-secondary-education-account for the application period and disbursement timeline.
*For PSEA application deadline for SEP/NOC/Overseas/Enrichment/Preparatory Programmes, Residential College Fees and Health Science Students, please refer to OAM’s website for details.
I have submitted my Post-Secondary Education Account (PSEA) application form by the application deadline and checked that there are sufficient funds in the relevant PSEA account, but the PSEA funds are still not reflected in my student bill. The payment due date is approaching. Should I pay the outstanding amount as stated in the bill or the net amount after deducting PSEA?
The PSEA payment will be reflected in your student account by the disbursed date stated in Q8 above. Please apply for GIRO to facilitate payment of the outstanding balance after offsetting the PSEA amount claimed. The outstanding balance (after offsetting the PSEA amount claimed) will be deducted automatically on the scheduled GIRO deduction dates.
(If you prefer to pay via a different payment mode, please make the amount net of PSEA. To check your PSEA account’s balance, please call MOE’s 24-hour automated Edusave/ PSEA hotline 62600777.)