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What do I need to consider before deciding which education loan to take?
cpf
Source: https://www.cpf.gov.sg/memberYou may need to consider the following before deciding on a loan type for your education:
- What other loan options are you and the student eligible for besides the CPF Education Loan Scheme?
- How much CPF savings can you use under the CPF Education Loan Scheme? Is it sufficient to fully finance the course?
- If using CPF, how would it affect your housing needs (if any) and retirement planning?
- How does the estimated loan repayment period affect the total interest to be paid?
This information provided here is sourced from the CPF website.
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