How do I test my child Edusave?

#6 How Can I Find Out My Edusave / PSEA Balance? A statement of account is sent to you by end of March every year. Alternatively, you can call the Edusave/PSEA hotline at 6260 0777 to check on your account balance.

Is Edusave awards only for Singaporeans?

Edusave Awards are given by the government annually to Singaporeans pupils to help equalize educational opportunities and motivate pupils to excel in schools. These Singaporean pupils must have performed well or made good progress in their school work and must have good conduct.

Can we use Edusave to pay school fees?

Complete the online Edusave Standing Order form with either parent’s SingPass login. These modes are applicable for fee payment to primary schools, secondary schools, junior colleges and Millenia Institute. Visit their respective websites for payment information.

Who is eligible for Edusave?

Singaporeans between the age of 6 and 16 at the point of school admission will automatically be given an Edusave account and receive a yearly contribution from the Government’s Edusave Pupils Fund until they reach 16. However, only the first, second and third child were eligible for the Edusave account prior to 2004.

What happens to Edusave money?

The funds from your Edusave will be transferred into your PSEA (Post Secondary Education Account) account after you are finished with secondary school education. Understandably, you can only use the funds to pay school fees of higher education institutes, which costs more.

Can I withdraw money from my PSEA account?

For payment of approved fees and charges, you can withdraw the PSEA funds by establishing a Standing Order with us or by submitting ad hoc withdrawal applications as and when withdrawals are to be made. The form to use will depend on the approved institution you are in.

What can Edusave be used for?

Your child can use their Edusave funds for: Enrichment programmes organised by their schools. 2nd-tier miscellaneous fees. Miscellaneous fees for autonomous government and government-aided schools.

How do I check my Edusave account?

Check Your Edusave Balance Via Phone Call the Edusave phone inquiry system at +65 6260 0777 to find out the balance in your Edusave account. Your call will begin with an automated voice system. Your balance will be updated every Wednesday.

How much is Edusave per year?

Each student receives an annual Edusave contribution of $200 at primary level and $240 at secondary level. The Edusave account can be used to pay for approved fees and enrichment programmes. Under exceptional circumstances, one-off grant may also be paid into the Edusave accounts of eligible students.

What happens to my PSEA account?

When will the PSEA be closed The PSEA will be closed around the middle of the year in which you turn 31. Any unused funds in the PSEA will be transferred to your CPF-OA. Once transferred to CPF-OA, it cannot be reversed to PSEA and will be subjected to CPF-OA usage rules.

How do I withdraw money from Edusave?

To withdraw money from your PSEA account, you have to first establish a Standing Order with MOE, or submit an ad-hoc withdrawal application. The form to use will depend on the approved institution you are in. Please consult the approved institution you are studying in on which form to use.

How much do I have in my Edusave?

Earning interest from the Edusave Account Tip: To check your Edusave balance, you can call our 24hr automated hotline at 6260 0777.

How does the Edusave account work in Singapore?

Singaporean students will automatically be given an Edusave account and receive a yearly contribution of $240 from the Government’s Edusave Pupils Fund. Students can pay for school enrichment programmes and the 2nd Tier Miscellaneous Fees through their Edusave Account.

What to do with your child’s Edusave account?

The funds in your child’s Edusave account may be used to pay for school-organized enrichment programs, school fees and tuition. If your child leaves school before age 16, the funds in his Edusave account remain in place.

How often is statement of account issued for Edusave Pupils?

Any amount in the Edusave Pupils Fund which is unclaimed may be transferred to the Endowment Fund in accordance with section 7 (5) of the Act. 11.— (1) The Edusave Scheme Administrator shall issue a statement of account to every member at least once in every 12 months.

How old do you have to be to get an Edusave account?

Students over the age of 16 who are still in school may be eligible for the top-off, a one-time funding opportunity. All children in Singapore, enrolled in a school funded by the Ministry of Education (including government aided, independent, and special education schools) will be given an Edusave account.