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Maximizing the Benefits of Your Edusave Account: A Comprehensive Guide

Singapore’s commitment to providing quality education is reflected in various initiatives, one of which is the Edusave account. Designed to support students’ educational needs, the Edusave account offers numerous benefits to help families manage the costs associated with their children’s education. This comprehensive guide will explain what an Edusave account is, how it works, and how you can maximize its benefits for your child’s education.

1. What is an Edusave Account?

The Edusave account is a government-funded savings account established for Singaporean students to help cover educational expenses. It aims to enhance the overall educational experience by providing financial support for enrichment programs, learning tools, and other educational activities. Every Singaporean student aged 7 to 16 and enrolled in a government or government-aided school automatically receives an Edusave account.

2. How Does the Edusave Account Work?

The Singapore government credits an annual contribution to each Edusave account, the amount of which may vary from year to year based on budget allocations. The contributions are typically disbursed at the beginning of each year and are intended to cover various educational expenses.

3. Eligibility and Contributions

  • Eligibility: All Singaporean students aged 7 to 16, or older if still in primary or secondary school, are eligible for the Edusave account.
  • Contributions: The annual contribution amount varies. For example, in 2023, primary school students received $230, while secondary school students received $290. The exact amount may change annually, reflecting adjustments in educational funding policies.

4. Approved Uses of Edusave Funds

Edusave funds can be used for a wide range of educational purposes, including:

  • Enrichment Programs: Costs for school-based enrichment activities such as camps, field trips, and workshops.
  • Learning Resources: Purchase of textbooks, supplementary materials, and other learning aids.
  • Co-Curricular Activities (CCAs): Fees for participation in school CCAs and related activities.
  • Examination Fees: Payment for certain examination fees approved by the Ministry of Education (MOE).

5. Managing Your Edusave Account

Parents and students can manage their Edusave accounts through the Edusave Management System (EMS) provided by the Ministry of Education. The EMS allows you to:

  • Check Account Balance: Monitor the remaining balance in the Edusave account.
  • Track Transactions: View details of past transactions and how funds have been utilized.
  • Authorize Payments: Approve the use of funds for specific activities or purchases.

6. Additional Edusave Grants and Awards

Beyond the annual contributions, students may also receive additional grants and awards through the Edusave scheme:

  • Edusave Scholarships: Awarded to students with outstanding academic performance to help cover educational expenses.
  • Edusave Merit Bursary (EMB): Given to students from lower- to middle-income families who demonstrate good academic performance.
  • Edusave Good Progress Award (GPA): Recognizes students who have shown significant improvement in their academic performance.
  • Edusave Awards for Achievement, Good Leadership, and Service (EAGLES): Rewards students who excel in non-academic areas such as leadership, service, and co-curricular activities.

7. Maximizing the Benefits of Your Edusave Account

To make the most of your Edusave account, consider the following tips:

  • Stay Informed: Regularly check the Edusave Management System for updates on your account balance and recent transactions.
  • Plan Ahead: Anticipate upcoming expenses for enrichment programs, learning resources, and CCAs, and ensure you have sufficient funds in your account.
  • Encourage Participation: Motivate your child to participate in activities that can be funded by Edusave, enhancing their educational experience and personal development.
  • Utilize Additional Grants: Apply for relevant Edusave grants and awards that your child may be eligible for, to supplement the annual contributions.

8. Understanding the Limits and Regulations

It’s important to be aware of the limits and regulations governing the use of Edusave funds:

  • Annual Contribution Caps: Ensure you know the maximum annual contributions and manage the funds accordingly.
  • Approved Expenses: Use the funds only for MOE-approved activities and expenses to avoid disallowed transactions.
  • Non-Transferable: Edusave funds are strictly for the designated student’s use and cannot be transferred or withdrawn for non-educational purposes.


The Edusave account is a valuable resource for supporting your child’s education in Singapore. By understanding how it works and making informed decisions about its use, you can ensure that your child benefits fully from this government initiative. Regularly monitoring the account, planning for educational expenses, and encouraging your child’s participation in enrichment activities can help maximize the benefits of the Edusave account, contributing to their overall educational success.