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How much of tuition fees can be paid using Ordinary Account (OA) savings?
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Source: https://www.cpf.gov.sg/memberYour Ordinary Account (OA) savings can be used to pay up to 100% of your own, your spouse’s, your children’s, or your siblings’ tuition fees. However, if you are paying for your relatives’ tuition fees, the percentage of tuition fees that can be paid using your OA savings is:
• 10% if your relative(s) is studying at a university;
• 25% if your relative(s) is studying at a polytechnic or pursuing an approved Technical Engineer Diploma (TED) or a Technical Diploma at Institute of Technical Education (ITE); or
• 50% if your relative(s) is studying at an art college.
To pay the remaining tuition fees, the student can consider the MOE Tuition Fee Loan Scheme, subject to eligibility.
This information provided here is sourced from the CPF website.
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