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How to Check Your PSEA Balance Mei 2024

How to Check Your PSEA Balance
The Post-Secondary Education Account (PSEA) is a valuable resource for students in Singapore. 

It’s like a financial treasure chest that can help fund your education journey. 

In this article, we’ll explore how you can check your PSEA balance and make the most of this educational savings account.

How to Check Your PSEA Balance

Checking your PSEA balance is easy! Follow these steps:

  1. Call the PSEA Hotline: Dial the 24-hour automated PSEA hotline at 6260 0777. The friendly automated voice will guide you through the process.
  2. Verification: You’ll be prompted to enter your NRIC or Birth Certificate Number for verification purposes.
  3. Listen In: Pay attention as the system provides information about your active account, account balance, eligibility to contribute, and the last government top-up.

How Can You Use PSEA Funds?

Once you know your PSEA balance, it’s essential to understand how you can use the funds:

  • Approved Programmes: PSEA funds can be used to pay for approved programmes at approved institutions. Whether it’s your own education or your sibling’s, the PSEA has your back.
  • Repaying Loans: If you’ve taken government education loans (such as Tuition Fee Loan, Study Loan, or Overseas Student Programme Loan), you can use your PSEA funds to repay them. Even approved financing schemes like the CPF Education Loan Scheme are covered.
  • Fees and Charges: Need to pay fees and charges at your current institution? Apply to withdraw PSEA funds for this purpose.
  • Not for Junior Colleges: Unfortunately, PSEA funds cannot be used for junior college and Millenia Institute expenses. But don’t worry—students in these schools can tap into their Edusave Account instead.

A Word of Caution

Remember that the PSEA isn’t a bottomless pit. Once you’ve used up your own PSEA, you can apply to use your sibling’s account. 

However, withdrawals from your sibling’s PSEA will only happen after yours is depleted. Also, PSEA funds can’t be used to repay loans or amounts already paid for sibling’s loans.

The PSEA is more than just numbers—it’s an investment in your future. So, pick up that phone, check your balance, and make informed decisions about your education. 

Happy learning! 📚

For more FAQs and detailed information, visit the official MOE PSEA page.123

Disclaimer: The information provided here is based on credible sources and accurate as of the last update. Always verify with official channels for the most up-to-date details.

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