In the previous articles on Finance Matters, we covered the Edusave Account and the Post Secondary Education Account (PSEA) (if you haven’t read, go read it!). In this article, we will be educating you on Financial Assistance for Institutes of Higher Learning (IHL) in Singapore.

Sometimes, we never really feel like there’s a good place where we can actually settle down to study. While everyone has seemingly found their favourite study spot, we are there struggling because no one person has the same study preference.

Did you know that Singapore Citizens (SC) can acquire assistance from the Ministry of Education (MOE) financially for school? If your child is studying in a government, government-aided, specialised or independent school and you need help in covering some of the school fees and expenses, you may be eligible for some form of financial assistance!

So to begin off with some context, the PSEA is actually a part of the Post-Secondary Education Scheme in aims to help parents save up for their child’s post-secondary education. PSEA is primarily administered by the Ministry of Education and similar to the Edusave Account, it is opened automatically for all eligible Singapore Citizens (SC).

We often encounter Instagram study accounts where students post pictures of their very elaborate, pretty and eye-candy notes. We also see that few artsy people in class really spend their time and effort into making awesome notes with delicate typography fonts and a myriad of highlighter colours.