Asked by Anonymous

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)?

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  • Isabella Jo
    Isabella Jo
    Level 4. Prodigy
    Answered on 21 Jul 2018

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

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  • Gabriel Tan Jun Wei
    Gabriel Tan Jun Wei
    Level 3. Wonderkid
    Answered on 11 May 2018

    Hi there

    Just use your PSEA account! Like Gabriel has mentioned, amount left in PSEA would definitely not be sufficient pay for your fees - it'll only offset a certain amount.

    All the best!

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  • Yeap Ming Feng
    Yeap Ming Feng
    Level 5. Genius
    Answered on 06 May 2018

    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.

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

    All the best clearing those tuition fees!

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  • Gabriel Tham
    Gabriel Tham
    Top Contributor

    Top Contributor (Mar)

    Level 7. Grand Master
    Answered on 05 May 2018

    Just use the PSEA account as much as possible. The unused amount will only be credited to CPF at 30 years old. But I would think that the PSEA will not have much left to pay much tuition fees. Mine personally was just a few cents left, after all the school activities, excursions etc.

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