facebookWith sufficient savings, will it be better to pay for University tuition fees using cash instead of using balance from my PSEA account (which unused will be credited into CPF)? - Seedly

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Anonymous

22 Apr 2020

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Students

With sufficient savings, will it be better to pay for University tuition fees using cash instead of using balance from my PSEA account (which unused will be credited into CPF)?

Discussion (3)

What are your thoughts?

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I will utilize the balance in PSEA and only use cash to pay off the remaining amount.

Yeap Ming Feng

06 May 2018

Head of Seedly at Seedly

In my opinion, using of PSEA will be the way to go. There shouldn't be much anyway, but it can help offset a bit of those university fees. It will be credited into your CPF anyway, which means it lacks liquidity.

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I believe since you are still clearing debts, it means graduation was not too long ago. Hence, having liquid savings as your emergency helps!

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All the best clearing those tuition fees!

Gabriel Tham

05 May 2018

Tag Team Member at Kenichi Tag Team

Just use the PSEA account as much as possible. The unused amount will only be credited to CPF at 30 ...

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