Increase in Contribution Rates to Edusave Accounts

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Increase in Contribution Rates to Edusave Accounts

1. From Jan 2005, Government will increase the annual contribution rate to the Edusave accounts of eligible pupils by $10 to $170 for those at the primary level, and by $40 to $200 for those at the secondary level.

2. With the additional funding, students will have more resources to participate in a broader range of enrichment activities and learning experiences, where they pursue their interests and develop their strengths. Funds in the Edusave account can be used to pay for school-based enrichment programmes. Students in Government and Government-aided schools can also use it to pay 2^nd tier miscellaneous fees and autonomous school miscellaneous fees, and those in independent schools can use it to pay school fees in excess of the standard government fees.

Background

3. As part of the Edusave Scheme implemented in 1993 to maximise educational opportunities for Singaporeans, yearly contributions are paid into the Edusave accounts of eligible pupils. A pupil is eligible for an Edusave account if he is a citizen between age 6 and 16 and a full-time student in a Government or Government-aided primary/secondary school, independent school, special education school or Institute of Technical Education.

4. Each year, the government makes a contribution in January to the accounts of eligible pupils. The contribution rate started at $50 in 1993. It was increased yearly and reached $160 in 1997.