Beware of scam calls and scam messages impersonating as CPF officers asking for your personal details. Ignore them and do not share your Singpass ID/password or banking details with anyone. CPF officers will NOT ask for your Singpass, banking userid or password.

Scheduled Maintenance: CPF digital services will not be available from 26 Nov 2022, 10pm to 27 Nov 2022, 7am.

Maintenance: CPF digital services are not available on 22 Nov 2022 from 12.30pm to 2.30pm. You may access CPF Mobile app.

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How much Ordinary Account (OA) savings can I use under the CPF Education Loan Scheme?

You can use your Ordinary Account (OA) savings up to the Available Withdrawal Limit under the CPF Education Loan Scheme. The Available Withdrawal Limit is either 40% of your accumulated OA savings1, or your remaining OA balance2, whichever is lower. The amount that can be used is also subject to the tuition fees payable.

If you are 55 years old or older, you need to set aside the Full Retirement Sum (FRS) in the Retirement Account before you can use the remaining savings in the OA up to the Available Withdrawal Limit. The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property.

The Available Withdrawal Limit will change if there is a new withdrawal, repayment or refund in your OA. You may check the amount of CPF savings that can be used for education by logging in to your Education dashboard with your Singpass. 

1Made up of your current OA balance plus any OA savings that were previously withdrawn for education and investment, excluding the amount used for housing

2After setting aside any amounts reserved for housing or other schemes (if any).