Office of Financial Services
CPF Education Scheme
1. Who is eligible for CPF Education Scheme?
All full-time undergraduate students studying a Ministry of Education-approved subsidized course that leads to a degree at any Institute of Higher Learning in Singapore, including NUS, is eligible under the CPF Education Scheme which pays only for the subsidized tuition fees portion. More information on eligibility for CPF Education Scheme is available at CPFB’s website.
Students who are paying non-subsidisedl tuition fee (i.e. reject or not eligible for tuition grant) are not eligible for CPF Education Scheme.
2. How can I apply to use my parents’ CPF to pay for my fees?
Application for use of parents’ CPF funds to pay for tuition fees may be made through the CPF Board, either online or through use of manual forms. More details on the use of parents’ CPF funds under the CPF Education Scheme are available at CPFB’s website.
3. Once i have successfully applied to use CPF to pay for my fees, do i still need to pay for anything during the semester?
For every semester, tuition fee and mandatory miscellaneous fees (MMFs) / Student Services Fee (SSF) + Health Services Fee (HSF) are charged. CPF funds can be used to pay for tuition fees only. Students will need to pay the MMFs / SSF + HSF separately via other modes of payment amongst which Interbank GIRO is highly recommended for the convenience afforded to students..
4. Will I be informed about the outcome of my application to use my parents’ CPF to pay for my fees?
CPF Board will inform its CPF members on the status of their application to use their CPF funds to pay for their child’s tuition fees under the CPF Education Scheme once the application has been processed. CPF members may wish to check their periodic Statement of Account from CPF Board on the deductions made under the CPF Education Scheme. Alternatively, CPF members may access their CPF account online using CPFB’s Online Services at http://mycpf.cpf.gov.sg/Members/home.htm to get the latest updates on deductions made in respect of the CPF Education Scheme.
5. Is a guarantor required for my application of CPF Education Scheme?
With effect from 1 April 2005, CPF Board has waived the need for a guarantor in relation to the application to use CPF funds for Education purpose. More information on the requirement for a guarantor under the CPF Education Scheme is available here.
6. I had applied to pay my fees with my parent’s CPF but to date, no deduction has been made and my fees are still outstanding. What should I do now? Would the late payment fee be also waived?
Upon receipt of the student’s application to use their parents’ CPF funds, CPF Board will process the application and inform the member of the outcome, following which CPF Board will pay the student’s tuition fees to NUS for cases where the application is successful. In the event that CPF Board has yet to effect the payment of tuition fees to NUS, student may wish to contact CPF Board’s Hotline at 1800-227 1188 to enquire on the status of their application. As with all late payment, a charge for late payment of fee will be levied. Students who wish to request for waiver of late fees with valid reasons are requested to send in their appeal to OFNBox3@nus.edu.sg.
7. I had applied to pay fees with my parent’s CPF but we have been informed that there are insufficient funds. What should I do?
Students are strongly encouraged to ensure that their parents’ CPF account have sufficient funds before applying under the CPF Education Scheme for payment of tuition fees with their parents’ CPF funds. In the event of insufficient funds after making application under the CPF Education Scheme, students will need to raise the necessary finance to pay the tuition fees payable. For students who need further financial assistance, they may write in to the Office of Financial Aid at Financialaid@nus.edu.sg or call 6516 2870 to enquire on the various financial aid schemes available to NUS students. More information is available on the homepage of the Office of Financial Aid at http://admissions.nus.edu.sg/financialaid.html.
8. How do I make repayment after I have graduated if I have used CPF Education Scheme to pay for my tuition fees?
Repayment of the funds utilized under the CPF Education Scheme is to be made through the CPF Board where students may make partial, lumpsum or monthly instalment repayment. For more information on repayment, students may wish to refer to CPFB’s website.
9. When is the deadline for application of CPF Education Scheme?
The deadline for application to the CPF Board under the CPF Education Scheme differs between the Academic Years and semesters. Latest information on the deadline for application under the CPF Education Scheme is available on CPF Board’s website at https://www.cpf.gov.sg/Efm/MyRequests/MyReq_AESF1EDNINFO.asp.
10. Can I still apply for CPF Education Scheme if I have missed the deadline?
Students are urged to comply with the deadline for application to CPF Board under the CPF Education Scheme. As all applications for use of CPF Funds under the CPF Education Scheme are to be submitted to CPF Board for approval, any appeal for late submission under the CPF Education Scheme is to be submitted to CPF Board for their approval. Students may wish to contact CPF Board through its Hotline at 1800-227 1188 prior to late submission of application.
11. Where can I find out more about CPF Education Scheme?
Details on the CPF Education Scheme are available at CPF Board’s website at http://mycpf.cpf.gov.sg/Members/Gen-Info/FAQ/Education/EDN.htmm.