I graduated from uni 2 years ago. I took a tuition fee loan from a bank. Can I use my CPF to repay the loan now? - Seedly
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Anonymous

Asked on 02 Nov 2019

I graduated from uni 2 years ago. I took a tuition fee loan from a bank. Can I use my CPF to repay the loan now?

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While it is possible to use CPF savings from parents for education purposes (from outset), there isn't any way to retroactively use own CPF to repay education loans from banks.

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Royalchem
Royalchem
Level 5. Genius
Answered on 03 Nov 2019

You can use your parents one but I'd suggest not to. There are some clauses to it and difficult to understand.

I taught tuition and work full time. Pay off in 2 years

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