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What courses are covered by the CPF Education Loan Scheme?

Only approved full-time courses that are subsidised by the Ministry of Education (MOE) and conducted locally at the approved educational institutions are covered by the CPF Education Loan Scheme. To determine your eligibility for the MOE subsidy, please liaise directly with your educational institution.

Please select:

You selected: Institutions offering approved full-time subsidised undergraduate courses

 

The CPF Education Loan Scheme covers all approved full-time subsidised undergraduate courses leading to a degree at the following institutions:

  • Nanyang Technological University (NTU)*,
  • National University of Singapore (NUS),
  • Singapore Management University (SMU),
  • Singapore Institute of Technology (SIT)*,
  • Singapore University of Technology and Design (SUTD),
  • Singapore University of Social Sciences (SUSS),
  • Nanyang Academy of Fine Arts (NAFA)*,
  • LASALLE College of the Arts (LAS)*.

*The approved degree programmes offered by these institutions in partnership with overseas universities are also included under the CPF Education Loan Scheme.

You can use CPF savings for your degree course as long as it is an approved full-time subsidised course under the CPF Education Loan Scheme, subject to the available withdrawal limit*.

You selected: *available withdrawal limit

 

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. To check your Available Withdrawal Limit and its working details, you can log in to your Education dashboard with your Singpass.

 

Made up of your current OA balance plus any OA savings that were previously withdrawn for education and investment, excluding the amount used for housing

 

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

You selected: Institutions offering full-time subsidised diploma courses

 

The CPF Education Loan Scheme covers approved full-time subsidised diploma courses at:

  • LASALLE College of the Arts (LAS),
  • Nanyang Academy of Fine Arts (NAFA),
  • Nanyang Polytechnic (NYP),
  • Ngee Ann Polytechnic (NP),
  • Republic Polytechnic (RP),
  • Singapore Polytechnic (SP),
  • Temasek Polytechnic (TP),
  • Institute of Technical Education (for students pursuing a Technical Engineer Diploma (TED) or a Technical Diploma in Culinary Arts)*.

*The approved diploma programmes offered by these institutions in partnership with overseas universities are also included under the CPF Education Loan Scheme.

You selected: I have previously obtained government subsidies for my first diploma, hence my second diploma is not subsidised. Will I still be able to use CPF savings for my second diploma?

 

As you are not eligible for government subsidies for the second diploma, CPF savings cannot be used even if it is a full-time course offered by an approved educational institution.

You selected: I have previously obtained a degree and will study for a full-time diploma course at SP/NP/TP/NYP/RP/NAFA/LAS/ITE. The diploma course is not subsidised by the government. Can CPF savings be used for the diploma course?

 

As your selected diploma course is not subsidised by the government, CPF savings cannot be used even if it is a full-time course offered by an approved educational institution.