Last Updated: 11 Mar 2025
Post-Secondary Education Account (PSEA): Overview
The Post-Secondary Education Account (PSEA) is opened automatically for all eligible Singapore Citizens. Learn more about the PSEA, when it opens, closes and the notifications account holders will receive.
What the PSEA is about
The Post-Secondary Education Account (PSEA) is part of the Post-Secondary Education Scheme to help parents save for their children's post-secondary education. The PSEA is administered by MOE and is opened automatically for all eligible Singapore Citizens.
The PSEA funds can be used to:
- Pay for your child's or their siblings' approved programmes at approved institutions.
- Repay government education loans and financial schemes.
Find out where and how the funds can be used.
The PSEA balance will earn interest pegged to the CPF Ordinary Account (CPF-OA), which is currently 2.5% per annum.
When the PSEA will be opened
A PSEA will be opened for Singapore Citizens who have a balance in either their:
- Child Development Account (CDA) in the year they turn 13 years old.
- Edusave Account in the year they turn 17 years old, or no longer studying in an MOE-funded school, whichever is later.
It will also be opened for Singapore Citizens who are eligible for:
- PSEA top-ups by the Government.
- The first payment of the National Service Housing, Medical and Education (NS HOME) Awards.
Learn more about fund transfers and contributions to a PSEA.
Government top-up
As announced at Budget 2025, there will be a one-off top-up of $500, tentatively in July 2025, to the PSEA of Singapore Citizens who are:
- Aged 17 to 20 in 2025 (born between 1 January 2005 and 31 December 2008, both dates inclusive).
- Not eligible for the Edusave Account top-up.
A PSEA will be automatically created for Singapore Citizens if they are eligible for the top-up, but do not have an existing PSEA.
How you will be notified
You will be notified through SMS.
When the PSEA will be closed
The account holder's PSEA will be closed around the middle of the year in which they turn 31.
Account holders will receive a letter from MOE posted to their address as per NRIC in March of the year they turn 31 years old, informing them of the closure. Account holders can opt to:
- Retain their PSEA for one more year.
- Transfer the balance to their sibling's PSEA.
- Donate to the Education Fund.
For account holders who did not opt in, their PSEA will be closed and any unused PSEA funds will be transferred to their CPF-OA. This transfer is non-reversible and the funds will be subjected to CPF-OA usage rules.
When you will receive PSEA notifications
You will receive:
- A monthly transaction statement if there are contributions, withdrawals or refund transactions in the previous month.
- An annual statement of account in March each year. This shows the transactions and interest earned as at 31 January.
- Letters when the top-ups from government, NS-HOME award and HOPE are made, or when balances are received from CDA or Edusave Account.