Edusave Scheme: Who Qualifies and What You Get
Learn how the Edusave Scheme provides funds for school enrichment and fees for children in Singaporean government schools.
The Edusave Scheme is a financial support system designed to assist students with the costs associated with their education and personal development.
Who it's for
This scheme is specifically intended for Singaporean children. To qualify, the child must be enrolled in a government school. It is designed to ensure that students attending these specific institutions have access to the support they need throughout their schooling years.
What you get
The primary benefit of the scheme is the provision of funds. These funds are intended to help cover essential educational costs, such as school fees. Additionally, the money can be used for school enrichment activities, which helps provide students with learning opportunities outside of their standard classroom curriculum.
What it costs you
There is no financial cost to the parent or the student to access this scheme. The process is automatic, meaning you do not need to worry about managing the administrative side of the initial setup or paying any fees to receive the support.
The catch to know
It is important to understand how the funds are managed over time. If the funds provided by the scheme are not used for school fees or enrichment activities, they do not disappear immediately. Instead, unused funds stay in the account until the student reaches the age of 16.
How to apply
- Confirm that the child is a Singaporean citizen.
- Ensure the child is currently enrolled in a government school.
- Check the status of the account to see available funds for fees or enrichment.
- Visit the official portal for more information: https://www.moe.gov.sg