My parents do not seem to have a good plan to finance my university studies except using cash and paying the rest through student loans, which I want to avoid. What should I do?

They are trying their best right? perhaps try applying for bursery or maybe approach cc near you, I know there's some bursery

I have always been surprised why people are taking tuition loans from DBS, vs CPF.

https://www.cpf.gov.sg/Members/Schemes/schemes/...

If you plan to study local, at an approved institution / course, your parents can opt to pay for payment of university fees via their cpf - what happens is you are borrowing their cpf and would have to pay it off at the cpf rate of 2.5%

There are limitations and restrictions around what the education scheme will cover, but generally if you are going for local education, then it should not matter.

In fact my accountancy course @ ntu was funded this way.

For locals, tutiton fee loans are largely interest free for the public universities until you gradaue.

Hey there.

Putting your savings in high-interest savings account is a way to beat inflation and increase value.

Choices that do not require spending/minimum sum include:

1. Singlife Account (2.5% p.a, capaital guaranteed, interest non guaranteed)

2. FSM Auto-Sweep Account (1.05%p.a, interest rates may be revised)

3. Stashaway Simple (1.9%, capital non guaranteed, interest non guaranteed)

4. SCB JumpStart (1%p.a)

5. crypto.com Crypto Earn (Depending on currency, as high as 16%p.a without any prior staking. However, do take note of the volatility of cryptocurrencies)

6. Vivid Account (1.05% p.a for first 10k, 1.30% for 10k-20k)

7. CIMB FastSaver (Revised rate of 0.5%, down from 1%)