Can the repayment of the CPF Education Loan and interest be waived, especially during economic downturns?

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CPF is primarily for members' retirement needs. Hence, while you can take a loan from your CPF Ordinary Account (OA) for your own or immediate family's tertiary education, the principal amount withdrawn has to be repaid to your OA, with the interest that you would otherwise have earned had the monies been left in your OA. This restores your CPF savings so that your retirement security is not worse off compared to not having taken the education loan. Retirement security remains important, if not more so, during economic downturns.

A waiver of the repayment is only allowed if you have already met your retirement needs, i.e. you are 55 years old and above and have set aside the Full Retirement Sum in your Retirement Account.

Can the repayment of the CPF Education Loan and interest be waived, especially during economic downturns?

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Related questions

What are the conditions that I have to meet before I can apply to waive the education loan repayment?

If I use my own CPF savings under the CPF Education Loan Scheme, why must I repay the CPF savings withdrawn?

Why CPF savings cannot be used to repay an outstanding education loan?

If I choose not to waive the repayment, what will happen to the repayments made to my CPF Ordinary Account under the CPF Education Loan Scheme?

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