‘Let them enjoy their old age’: Netizens urge fresh grad to repay parents who spent S$100K on his education
SINGAPORE: A fresh graduate earning a relatively high salary in tech has asked Singaporeans online whether he should first repay his parents for his education or put his income to work through investing. In his post on r/singaporefi, he explained that he owes his parents close to S$100,000, which they lent him to cover both his undergraduate and postgraduate studies. His parents, both over 65 and…
A fresh graduate in Singapore who earned a high salary in the tech industry asked netizens on an online forum if he should prioritize repaying his parents for his education or invest his income. The graduate owed his parents approximately S$100,000, which they used to fund his undergraduate and postgraduate studies. Both parents, aged over 65 and not well-off, had taken the money from their CPF savings meant for retirement.
The graduate's parents told him there was no urgency in repaying the debt, but they wished him to contribute to his younger brother's tuition fees, as they were about to retire. The brother planned to take an interest-free loan for tuition during his studies.
The graduate felt torn between settling the debt and considering potential investment gains. He expressed his desire to clear the debt and relieve his parents of the obligation, while also seeking investment options for his salary. Many netizens encouraged him to repay his parents first, emphasizing that it was their money and they should enjoy their golden years.
Others suggested investing the money, but some cautioned about the uncertainties of relying solely on investments, especially given his parents' age. A few proposed a compromise, where the graduate could repay his parents and later discuss investing the money for their benefit.
Written by urgent.news from The Independent Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
