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 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.
Undergraduate and postgraduate students 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.
Up to 100% of tuition fee and annual fees payable by student, subject to availability of funds.
1. STANDING ORDER ARRANGEMENT
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to your total tuition and annual fees or your available PSEA funds (whichever is lower) will be automatically withdrawn each semester.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If you have $4000 in PSEA funds and your semester’s tuition and annual fees are $3,300, a total of $3,300 will be withdrawn from the PSEA account).
1A. STANDING ORDER FORM SUBMISSION
Matriculated students: 1 month before the commencement of the next semester/trimester
*Note: If students intend to use PSEA funds to pay only a portion of the tuition or miscellaneous fees, please complete the PSEA Ad Hoc Withdrawal Form instead.
2. AD HOC WITHDRAWALS
PSEA Ad Hoc Withdrawal Form is to be completed for one-time withdrawal (annual fees / tuition fees / fee for enrichment programme / Overseas Immersion Programme (OIP) / Overseas Exposure Programme (OEP)) for any one particular semester/trimester.
*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.
2A. AD-HOC WITHDRAWAL FORM SUBMISSION
Please submit your Adhoc Withdrawal Form for the payment of tuition fees after you have received your Fee Advice. A form submission guide is available HERE.
Submission dates for AY2018/19 matriculated students:
|Term Billing||Application deadline for PSEA Ad-hoc Withdrawals|
|Semester 1 - Aug/Sept Billing||By end-Oct 2018|
|Semester 2 - Jan Billing||By mid-Feb 2019|
|Semester 3 - Apr Billing||By mid-June 2019|
Enquiries on PSEA Funds Availability:
You may call the Edusave/ PSE Scheme Hotline at (+65) 6260 0777 to:
If you have any queries, please visit www.moe.gov.sg/contact.
General Application Procedures:
*Please ensure that the correct hardcopy form is filled with no cancellations or usage of correction tape/fluid.
PSEA Standing Order Form can be downloaded HERE.
PSEA Termination of Standing Order Form can be downloaded HERE.
The Ad-Hoc Withdrawal Application form can be downloaded HERE.
Termination of an existing Standing Order:
Students with an existing Standing Order from Polytechnic will need to fill up the “Termination of Standing Order for Withdrawal from Post Secondary Education Account” form and submit it at the following address if you do not wish to continue using it in at SIT.Attn: PSEA Action Officer
Usage of PSEA for Repayment of Approved Loan Schemes:
PSEA holders may utilise the funds remaining in their respective PSEA to repay an approved loan scheme after successful graduation from the programme, i.e. PSEA holder must have left the institution of study prior to using the PSEA for the repayment of any approved loan scheme. Funds from the PSEA can be used to repay the principal loan amount, and any interest charged in respect of the loan or financing scheme that is payable by the PSEA account holder as part of the outstanding loan. PSEA holders can only use their own PSEA for the repayment of approved loan schemes, minimum withdrawal amount is $100, as per the minimum monthly repayment sum for the approved loan schemes.
For more information on the usage of the PSEA for repayment of approved loan schemes, please click here.
The Loan Repayment Application Form is also available here. Students are strongly encouraged to understand the rules of usage of the PSEA prior to submission of the form.