Nanyang Technological University

Post Secondary Education Account (PSEA)

The PSEA scheme is administered by the Ministry of Education (MOE) which allows students to utilize the funds in their own and/or their siblings' PSEA accounts for the payment of tuition fee, compulsory miscellaneous fees, compulsory hostel fees (late fees are excluded) as well as course fees for enrichment programmes approved by the University.

 

Who is eligible?

Full-time and Part-time undergraduates who have a PSEA account. The PSEA scheme also allows students to utilitze their siblings’ PSEA funds for the payment of their tuition fees and miscellaneous fees.
 

Payment Sequence

For students who are using both PSEA and/or CPF savings and/or Tuition Fee Loan and/or Mendaki Tertiary Tuition Fee Subsidy (Mendaki TTFS) to settle their tuition/miscellaneous fees, the priority of payment will be as follows:
 
  1. Disbursement of Mendaki TTFS funds from Yayasan Mendaki (if applicable)
  2. Disbursement of PSEA funds from MOE (if applicable)
  3. Disbursement of CPF funds from CPF Board under the CPF Education Scheme (if applicable)
  4. Disbursement from bank under Tuition Fee Loan (TFL) (if applicable)
  5. GIRO deduction from students' own funds/others
  6. The total disbursements from PSEA/CPF/TFL/Mendaki TTFS shall not exceed the amount of tuition and miscellaneous fees payable by students
 

How to apply?

FOR PAYMENT OF BOTH TUITION FEES & COMPULSORY MISCELLANEOUS FEES (ON-GOING PAYMENTS)

For ongoing withdrawal of PSEA fund to pay for BOTH tuition fees and miscellaneous fees, a Standing Order (SO) has to be established with MOE.

Once the SO is established with MOE, funds equivalent to your total tuition and miscellaneous fees or your available PSEA funds (whichever is lower) will be automatically withdrawn each semester. (Example: If you have $4000 in PSEA funds and your semester’s tuition and misc fees are $3300, a total of $3300 will be withdrawn from the PSEA account).

Note:
If you intend to use the PSEA funds for the payment of your miscellaneous fees only (and not your tuition fees), please complete the PSEA Adhoc Withdrawal form provided below. (DO NOT complete the Standing Order form).

Click here to download the SO form and submit it in person / mail to One Stop @ SAC (opposite OCBC Bank), NS3-01-03, North Academic Complex, Nanyang Technological University, 50 Nanyang Avenue, Singapore 639798 during the application period.

MOE will inform students of the application outcome. A monthly Transaction Statement will be sent to the account holder if there are PSEA contributions, withdrawal or refund transactions in the previous month.

 

FOR PAYMENT OF MISCELLANEOUS FEES/TUITION FEES/COMPULSORY HOSTEL FEES (ONE TIME PAYMENT)

    PSEA Ad Hoc Withdrawal is a one-time withdrawal to pay for tuition fee, miscellaneous fee* or compulsory hostel fees** for any one particular semester. One application form is to be submitted for each specific withdrawal.

    If you are already on the CPF Education scheme and applied for adhoc use of the PSEA funds for the payment of your tuition fees, please note that you will incur the CPF withdrawal fee unless you are successful in revoking your CPF Education scheme before CPF Board carries out the withdrawal for the affected semester. Please consult the Board’s for more details. CPF website:  http://mycpf.cpf.gov.sg/Members/Gen-Info/Features/CPFEdn_Scheme.htm
         

*Click here to view the miscellaneous fees payable for Singaporean students.

**Applicable only to REP students staying in hostel. For payment of compulsory hostel fees, please submit a copy of the E Hostel bill.

How to apply

Click here to download the Ad Hoc Withdrawal form and submit in person / mail to One Stop @ SAC (opposite OCBC Bank), NS3-01-03, North Academic Complex, Nanyang Technological University, 50 Nanyang Avenue, Singapore 639798 during the application period

  • Please indicate in the application form the usage category and exact amount.
  • Clearly indicate the semester and academic year you are paying in the application form.

 

​Application Outcome
​Successful application

​If it is approved, MOE will proceed to release the funds to the university within 6-7 weeks from your application submission date.
To check on the new PSEA fund balance after the withdrawal is done, call MOE Autophone System at 6260 0777. MOE will send you a withdrawal statement at the end of the 3rd month after your submission date.
The PSEA funds may not be released in time to pay for your tuition/miscellaneous fees by payment due date. For overdue payments, a late payment fee is charged by the university.

​Unsuccessful application​​​If MOE informs us that your application is unsuccessful, we will let you know via email within 4 weeks from your application submission date.

 

FOR PAYMENT OF FEES FOR ENRICHMENT PROGRAMME (ONE TIME PAYMENT)

To withdraw PSEA funds for your enrichment programme, the programme must be approved and endorsed by the university to be relevant to the course the student is pursuing. The PSEA fund cannot be withdrawn for Student Club activities.

How to apply

After completion of your programme, please submit the documents listed below in person/mail to One Stop @ SAC (opposite OCBC Bank), NS3-01-03, North Academic Complex, Nanyang Technological University, 50 Nanyang Avenue, Singapore 639798 within TWO months from the completion of the programme.

    • PSEA Adhoc Withdrawal Form. Click here to download the form. (Indicate in the application form the usage category and exact amount to be withdrawn. The amount to be withdrawn must be based on the actual charges/expenses incurred during the programme.)
    • Copies of original invoices/receipts showing the actual cost/expenses incurred
    • Copy of document (letter/email) from an NTU faculty/department staff indicating his endorsement/support of the programme.

     

    ​​Application Outcome
    ​Successful application​​​If it is approved, MOE will proceed to release the funds to the university within 6-7 weeks from your application submission date.
    To check on the new PSEA fund balance after the withdrawal is done, call MOE Autophone System at 6260 0777. MOE will send you a withdrawal statement at the end of the 3rd month after your submission date.
    (There will be a delay in the release of funds if your document/information is not complete).
    ​Unsuccessful application​​​​If MOE informs us that your application is unsuccessful, we will let you know via email within 4 weeks from your application submission date.

     

    Application Period

    Standing order (Ongoing withdrawal for Tuition and Miscellaneous Fees)

    • AY2014-15 Semester 2:  10 November 2014 to 12 December 2014

     

    Adhoc Withdrawal (One time withdrawal for Tuition and/or Miscellaneous Fees)

    • AY2014-15 Semester 2:  10 November 2014 to 12 December 2014
    • AY2014-15 Semester 2:  You may apply after the above period. However, please note that the PSEA funds may not be released in time to pay for your tuition/miscellaneous fees by payment due date. For overdue payments, a late payment fee is charged by the university.

 

Cancellation

Fill up the TERMINATION OF STANDING ORDER FOR WITHDRAWAL FROM POST SECONDARY EDUCATION ACCOUNT Form and send it to MOE (address below) to discontinue the PSEA Standing Order.

Ministry of Education

Finance & Development Division

Level 8, 1 Buona Vista Drive
Singapore 138675

(Attn: PSEA Action Officer)

 

Contact

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