Use of CPF Funds for Children's Tuition Fees
- About 30,000 CPF members used the CPF Education Scheme for children's tuition fees from 2014 to 2016, with 98% of outstanding loans fully repaid.
- The Minister explained that children cannot use their own CPF savings to repay education loans, as these funds are reserved for housing, healthcare, and retirement.
- Repayment starts one year after graduation, with options for deferment or monthly instalments over up to 12 years for those facing difficulties.