Post Secondary Education Account (PSEA)
Introduction
The PSEA scheme is administered by the Ministry of Education (MOE) which allows students to utilise the funds in their own and/or their siblings’ PSEA accounts for the payment of tuition fee and compulsory annual fees (excludes hostel fees and late fees) as well as course fees for enrichment programmes approved by SIT, such as the Overseas Immersion Programme.
Eligibility
SIT undergraduates who have a PSEA account. The PSEA scheme also allows students to utilise their siblings’ PSEA funds for the payment of their tuition fees and annual fees.
Quantum
Up to 100% of tuition fee and annual fees payable by student.
Adhoc Withdrawal
PSEA Ad Hoc Withdrawal Form is to be completed for one-time withdrawal (annual fees / tuition fees / fee for enrichment programme / Overseas Immersion Programme) for any one particular semester.
Note: If you intend to use PSEA funds for payment of annual fees for each subsequent semester, you are required to submit a new Ad Hoc Withdrawal form for each semester.
Standing Order
- On-going Withdrawal for payment of both tuition fees and compulsory annual fees.
- Once Standing Order is established, funds equivalent to your total tuition and annual fees or your available PSEA funds (whichever is lower) will be automatically withdrawn each semester. (Example: If you have S$4,000 in PSEA funds and your semester’s tuition and annual fees are S$3,300, a total of S$3,300 will be withdrawn from the PSEA account).
- Note: If you are using PSEA funds to pay for the miscellaneous fees, please complete the PSEA Ad Hoc Withdrawal Form. (Do not complete Standing Order form)
Application Procedures
- Download the Standing Order form and submit it to the Admissions Division during application period.
- Download the Adhoc Withdrawal form and submit to Admissions Division during application period.
- MOE will inform students of application outcome. A monthly transaction statement will be sent to account holder if there are PSEA contributions, withdrawal or refund transactions in the previous month.
- Note: One application form is to be submitted for each specific withdrawal. Please indicate in the application form the usage category and exact amount to be withdrawn. Each application form has to be submitted together with a note/letter from yourself indicating the purpose of your request. For payment of enrichment programmes, please submit supporting documents indicating the name and the cost of the approved programme (i.e. a letter from your school/SIT’s office in charge of the programme and must reflect the fees for the programme).
- You may check with MOE, 2 weeks after the submission of your application form on the amount of funds withdrawn from your PSEA account.
- For use of PSEA funds for your Overseas Immersion Programme (OIP), more details will be given to you nearer to the date of your OIP.
Please refer to the Financial Assistance page to view all application periods.
Cancellation
Fill up the Termination of Standing Order for Withdrawal from Post Secondary Education Account Form and send it to MOE to discontinue the PSEA Standing Order:
Ministry of Education
Finance & Development Division
Level 8, 1 Buona Vista Drive
Singapore 138675
(Attn: PSEA Action Officer)
MOE Customer Service Hotline: 6260 0777 . Email address:
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Information on PSEA scheme available is available at MOE’s website.
Updated as at 23 January 2013.
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