Is it possible to use my CPF (Central Provident Fund) for the Education Scheme?

Yes, it is possible to use your CPF (Central Provident Fund) for the Education Scheme. The CPF Education Scheme is a loan scheme for CPF members. It enables the members to pay for their own, their spouses’, or children’s’ full-time tertiary education.

CPF savings are taken from the member’s Ordinary Account (OA). The student is required to repay the amount withdrawn with interest in the form of cash to the member’s OA. Only Singapore citizens and Singapore permanent residents are eligible for Education Scheme.