FAQs / Can I use CPF for Education Scheme? Yes. The Education Scheme is a loan scheme that allows you to use your CPF savings for full-time tertiary education in Singapore for those who are Singapore citizens or Permanent Residents. Posted in: Central Provident Fund FAQs Suggested Readings Singapore Continues to Attract Education Companies to Establish Here Singapore PIC Scheme What is the individual taxation scheme for non-residents? Can I use CPF For Owning A Property?