CPF Education Loan Scheme

The CPF Education Loan Scheme enables members to use CPF savings from their Ordinary Account to pay for their children or their own tuition fees. The student has to repay the amount withdrawn plus interest, in cash subsequently.


All full-time undergraduate students can use their own CPF savings, their spouses' and their parents' (including step-parents') CPF savings.

Loan Amount

Up to 100% of subsidised tuition fees payable by undergraduate students.


Not required for Singapore Citizen or Singapore Permanent Resident.

A guarantor is required for a student who is not a Singapore Citizen or Singapore Permanent Resident.

For guarantor’s requirements, please refer to the Education Loan Scheme form (FORM AES/F1).

Administrative Fee

An administrative fee of S$10, which may be revised from time to time, plus GST, will be charged for each deduction from the CPF member's Ordinary Account. This fee and GST will be deducted from the CPF member's Ordinary Account and will form part of the CPF savings withdrawn to be repaid by the student.


Interest is computed from the date the CPF savings are deducted, pegged at the prevailing CPF interest rate


The student is required to repay to the CPF member's CPF account, the CPF savings withdrawn under the Education Loan Scheme including interest.

The repayment can be made in one lump sum or in monthly instalments over a maximum period of 12 years.

For outstanding amounts of up to S$10,000, the minimum repayment per month is S$100.

Repayment begins one year after the student graduates or one year after he leaves the course, whichever is earlier.

All repayments must be in cash.

Application Period

Application opens now and will close on 29 April 2024.

How to Apply

Singapore Citizen and Singapore Permanent Resident: Apply online via the CPF Board Portal.

International Student: Please download and complete Application for Use of CPF Savings under the Education Loan Scheme form (FORM AES/F1). Upon completion, please submit the FORM AES/F1 and supporting documents via email to scholarships_financialaid@sutd.edu.sg.


  • Applicant is the student himself or herself, not the parent.
  • Successful applicants need not apply for the scheme every year.
  • The status of application can be tracked via the CPF Board Portal.

Cancellation of Existing Deduction Instructions

To cancel existing deduction instructions, please complete the online CPF revocation form.

Further Information

More information is available at the CPF Education Loan Scheme webpage.

For further advice on the CPF member's account or enquiries on e-application for use of CPF funds, please contact CPF Call Centre at 1800-227-1188 or email: education@cpf.gov.sg