Edusave is a student financial system that provides scholarships to students overseas. Scholarships are given to students needing financial assistance through the Edusave program. Each scholarship is used to fund the full education of a child in an effort to create a brighter future for the student. Receiving a quality education provides students with the ability to create a better life as an adult. If your child is a Singapore citizen and between the ages of seven and 16, you may be eligible for funding through Edusave. Students over the age of 16 who are still in school may be eligible for a form of one-time funding called the top-off.
Monitor Your Balance By Mail
On an ongoing basis, you'll be able to monitor your account balance through the statements sent by mail. View the yearly account statement issued to you by Edusave when it arrives in your mailbox. Your account statement shows the balance in your account, the funds used during the year and any interest accrued during the year. Once a year, you'll also receive an annual statement that will have your current balance. This should arrive sometime around March.
Call the Edusave phone inquiry system at +65 6260 0777 to find out the balance in your Edusave account. Your call will begin with an automated voice system. Your balance will be updated every Wednesday. Listen to the prompts given by the automated voice system and make the selections you want that will direct you to the balance inquiry system by pressing the corresponding numbers on your phone.
Speak to a customer service representative to obtain the balance of your child's Edusave account if your have additional questions, such as a detailed account of what was spent during the current school year and on how the money was spent. Customer service representatives are available Monday to Friday from 8 a.m. to 6 p.m. and on Saturdays from 8 a.m. to 1 p.m., Singapore time. Singapore is 12 hours ahead of Eastern Standard Time.
About Edusave Funds
The funds in your child’s Edusave account may be used to pay for school-organized enrichment programs, school fees and tuition. If your child leaves school before age 16, the funds in his Edusave account remain in place. After the age of 16, the money is transferred to an account specifically for college-age students; funds from this account are used to pay for college at an approved institution.