The Central Provident Fund (CPF) Education Loan Scheme is for the payment of MOE subsidized tuition fee for full-time undergraduate programmes.
The scheme does not cover compulsory miscellaneous fees and hostel fee. Students taking Biomedical Sciences & Chinese Medicine programme will only be covered under the scheme for the first three years of study in NTU. CPF funds cannot be withdrawn for tuition fees that are not subsidized by MOE.
You can use your own, your spouse's or your parents' CPF savings to pay for your tuition fees. The CPF Board will consider the use of sibling's or relative's CPF savings only on a case-by-case basis.
CPF Education Loan Scheme cannot be utilised to finance the tuition fees for Renaissance Engineering Programme (REP) course.
Disbursement of funds
For students who are using a combination of loans &/or subsidies to settle their MOE subsidised tuition fees, the disbursement sequence is as follows:
- Mendaki Tertiary Tuition fee Subsidies (MTTFS) where applicable
- PSEA funds where applicable
- CPF funds under the CPF Education Loan Scheme where applicable
- Tuition Fee Loan (TFL) where applicable
- Study Loan (SL) where applicable
- Bursary where applicable
- GIRO deduction from students' own account/other account (for those with a GIRO arrangement with NTU to pay their semestral tuition & compulsory miscellaneous fees)
The total disbursements shall not exceed the amount of tuition, compulsory miscellaneous and late fees payable.
The CPF Board has waived the requirement for Singaporean students to provide a guarantor for new applications received with effect from 1 April 2005. However, the CPF Board reserves the right to require a student to furnish a guarantor acceptable to the Board when it is deemed necessary.
With effect from 10 November 2008, a student who is not a Singapore Citizen or Singapore Permanent Resident is required to provide a guarantor. For guarantor's requirements, you may refer to Part C of the Application for Use
of CPF Savings Under the Education Scheme form (Form AES/F1).
Interest & Withdrawal Fee
Interest is computed from the time the CPF savings are withdrawn, at the prevailing CPF interest rate. CPF charges a withdrawal administration fee per withdrawal.
- The repayment can be made in one lump 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 starts one year after the student graduates or one year after he leaves the programme, whichever is earlier.
- All repayments must be in cash.
How to apply
For Singaporean and SPR student, apply online at CPF Board's website.
International student will need to complete and submit hardcopy application form to CPF Board.
You are required to submit only one application for the whole programme of study. CPF withdrawals will continue until you graduate/cancel/revoke your application. If you do not wish/need to withdraw CPF funds, please remember to cancel/revoke your application to avoid incurring the withdrawal fee.
Click here for step-by-step guide.
- Status of your online requests is available at under "My Activities" in CPF Board website.
|To take effect from||Application Period|
|Semester 3 AY2022-2023 (Special Term)||1 March 2023 to 15 March 2023|
|Semester 1 AY2023-2024||1 June 2023 to 31 July 2023|
|Semester 2 AY2023-2024||1 November 2023 to 31 December 2023|
|Semester 3 AY2023-2024 (Special Term)|
1 March 2024 to 15 March 2024
Application schedule for use of CPF Education Loan Scheme is available at
To stop withdrawal of the CPF funds, please fill up the Revocation Form and submit it to the CPF Board to discontinue the CPF Education Scheme. CPF withdrawals will continue until you graduate/cancel/revoke your application. If you do not wish/need to withdraw CPF funds, please remember to cancel/revoke your application to avoid incurring the withdrawal fee.
More information is available at https://www.cpf.gov.sg/member/faq/other-schemes/cpf-education-loan-scheme