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Post-Secondary Education Accounts (PSEA) will be opened for all Singapore citizen children aged from seven to 20 from next year to help families with the costs of post-secondary education.
Those in secondary school or older will receive $400 in 2008 and 2009. Those of primary school age will get less as they can get more PSEA top-ups in future years.
To help lower-income families with young children the Kindergarten Financial Assistance Scheme (KiFAS) will increase to 90% or a subsidy of about $80 a month while the Centre-Based Financial Assistance Scheme for ChildCare (CFAC) will be increased by between $20 and $40 a month for each child.
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