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Updated by CPF
How will the CPF savings be deducted when more than one person's savings are used for education?
When more than one person's CPF savings are used, the deductions will take place in the order the application forms are received and processed.
For example, the first parent to apply to use his savings will pay first. The second parent will pay only when the first parent's savings are not enough to pay for the full tuition fees.
If there are not enough savings in the payers' CPF accounts, the student will have to pay for any shortfalls in cash, to the approved educational institution.
For example, the first parent to apply to use his savings will pay first. The second parent will pay only when the first parent's savings are not enough to pay for the full tuition fees.
If there are not enough savings in the payers' CPF accounts, the student will have to pay for any shortfalls in cash, to the approved educational institution.
This information is sourced from CPF.
Related questions
If I have used my CPF savings to pay for my child's education, can I still use it for my other child/children?
What happens to my CPF savings if I have an outstanding CPF education loan when my account is closed after my renunciation of Singapore Citizenship/ Permanent Residency?
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If I have already paid the tuition fees, can I be reimbursed under the CPF Education Loan Scheme?
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How will the CPF savings be deducted if I am paying for more than one student's tuition fees under the CPF Education Loan Scheme?
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