What are the types of loans payable by Post-Secondary Education Account (PSEA)? Can it be used to pay for bank loans taken out for my studies?
Post-Secondary Education Account (PSEA) holders can use the funds in their PSEA to repay four types of approved government education loans and financing schemes:
- Tuition Fee
- Loan Study Loan
- Overseas Student Programme
- CPF Education Loan Scheme
PSEA cannot be used to repay other non-approved schemes not listed above.
Learn more about PSEA loan repayment.
This information is sourced from MOE
Related questions
What other fees and charges are allowed under the Post-Secondary Education Account (PSEA) usage for the repayment of Government Loan and Financing Schemes?
Why has the usage of Post-Secondary Education Account (PSEA) funds expanded to allow repayment of Government Loan and Financing Schemes?
Can my child use the funds in their Post Secondary Education account (PSEA) to pay outstanding school and miscellaneous fees?
Can I apply for Post-Secondary Education Account (PSEA) fund to be used to cover the loan amounts which I had repaid earlier and get a reimbursement from the PSEA?
Need more help?
Get in touch