Cannot withdraw CPF nor use it for studies

Silly report on CPF:

Some 13 per cent of students who had drawn on their parents' CPF savings for their tertiary education have not been able to pay back the money despite the CPF Board's enforcement efforts.

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"To prepare for an ageing population, we should not expand the use of CPF for education," said Manpower Minister Ng Eng Hen.

Yes yes, don't send your children to uni otherwise you will die old and penniless.

Isn't the whole point of university education to break the poverty circle and increase income?

Another Silly policy.