You and/or the student can apply for this loan scheme if you meet the following conditions:
- You are using your Ordinary Account (OA) savings to pay for your own, children’s (including step-children's), spouse’s, siblings’ or relatives’ tuition fees.
- You have sufficient OA savings and Available Withdrawal Limit to be used under the CPF Education Loan Scheme.
- The course registered is a full-time subsidised diploma/degree course at an Approved Educational Institution (AEI).
Please note that there is a limit on the percentage of tuition fees that may be paid using your sibling’s or relative’s CPF savings.
In approved cases where a sibling's CPF savings is used, up to 100% of tuition fees may be paid.
In approved cases where a relative's CPF savings is used, up to:
- 10% of tuition fees may be paid, if the student is studying at a university
- 25% of tuition fees may be paid, if the student is studying at a polytechnic or pursuing an approved Technical Engineer Diploma (TED) or a Technical Diploma at an Institute of Technical Education
- 50% of tuition fees may be paid, if the student is studying at an art institution.
