PSEA-eligible Courses in Singapore 2024

The Post-Secondary Education Account (PSEA) is a vital scheme established by the Singaporean government. Its primary goal is to support Singapore Citizens by easing the financial burden of post-secondary education. This initiative reflects the government’s commitment to investing in the nation’s future by making education more accessible and affordable.

The PSEA aims to serve a dual function: it allows parents to save for their children’s post-secondary education systematically and directly aids students in managing their educational expenses. Administered by the Ministry of Education (MOE), the account is automatically opened for all eligible Singaporean citizens. This ensures that financial resources are readily available to support various educational pathways, reinforcing Singapore’s value on continuous learning and development.

PSEA funds are incredibly flexible and designed to cover various educational costs. This includes repaying government-supported education loans such as tuition fees, study loans, overseas student programme loans, and other approved financing schemes like the CPF Education Loan Scheme. At Vertical Institute, PSEA funds can be applied towards subsidising tech-oriented courses. Notably, our Data Science Course is eligible for this funding, providing a valuable opportunity for individuals looking to enhance their tech skills in a rapidly evolving digital landscape.

To facilitate easy access to your PSEA information, the Ministry of Education has established a 24-hour automated hotline at 6260 0777. By calling this number, individuals can inquire about their account’s active status, check the current balance, learn about eligibility for further contributions, and get updates on the latest top-up contributions from the government. This service is part of the government’s effort to ensure transparency and accessibility for all beneficiaries of the PSEA.

At Vertical Institute, we believe in making tech education accessible to all, which is why we offer various subsidies to help offset the cost of our courses. Depending on the specific course and your eligibility, you may use subsidies such as SkillsFuture Funding, SSG subsidy, and UTAP Funding. These financial aids encourage continuous learning and professional development among Singaporeans, making it easier for individuals to pursue further education in in-demand fields like coding. Our team is dedicated to assisting students in navigating these subsidy options, ensuring you can maximise the support available. By reducing the financial barrier to education, we aim to empower more individuals to upgrade and advance their global careers in the tech industry.

Suppose PSEA funds remain unused by the time the account holder reaches the age of 31. In that case, the account will be automatically closed, and any remaining funds will be transferred to the individual’s CPF Ordinary Account (CPF-OA). This transition is irreversible, meaning that once the funds have been moved to the CPF-OA, they are subject to the CPF-OA’s terms of use. Therefore, account holders must strategically plan the use of their PSEA funds to maximise their educational benefits before this deadline.