It will be close to 3 years since I graduated from University. The cost of my degree was 4 times $6,000 = $24,000. Of which, 75 percent was paid from my Dad's CPF monies. After leaving the University for one year, I opted to pay $288 per month, to repay the monies owed to my Dad's account, including interest that would have been accrued.
I was doing a check on my bank account balances today to see how much liquid cash I have, partly to pay off the credit card bills on my recent trip. Then the thought hit me - should I pay it off all in a lump sum? I recall reading from another post from Uncle8888, regarding whether should one payoff their mortgage earlier as well as the other permutations.
Anyway, personally, I believe that I should drag the installment on my loan repayment to my Dad for as long as possible. This is because this enables a legal bond between my father and me. Furthermore, if I were to repay the loan at one go, there may be no idea where else the monies will be headed. Correct me if I am wrong.