What do I need to consider before deciding which education loan to take?
You may need to consider the following before deciding on a loan type for your education:
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What other loan options are you and the student eligible for besides the CPF Education Loan Scheme?
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How much CPF savings can you use under the CPF Education Loan Scheme? Is it sufficient to fully finance the course?
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If using CPF, how would it affect your housing needs (if any) and retirement planning?
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How does the estimated loan repayment period affect the total interest to be paid?
You may refer to this Student Loan Management Guide to help you better understand your options and decide which education loan to take.
This information is sourced from CPF
Related questions
What information do I need to prepare before applying to use CPF savings under the CPF Education Loan Scheme?
What are the alternative options available to finance my tuition fee besides the CPF Education Loan Scheme?
What is the CPF Education Loan Scheme?
Why doesn't the CPF Education Loan Scheme cover postgraduate courses?
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