DBP HELPS Student Loan | Philippine Scholarship

DBP HELPS Student Loan

The state owned Development Bank of the Philippines launched a P2 billion special lending program that should be made available to schools and other educational institutions for re-lending to poor but deserving students. The DBP Higher Educational Loan Program for Students or DBP HELPS, is a wholesale loan facility using qualified educational institutions as conduits for student loans. The program has been designed to support the “Education for All” plan.

 

Educational institutions with transparency and good governance practices, proven level of excellence, track record of performance, and tie-ups with employers/ manning companies are eligible to borrow under the DBP HELPS.

 

Under the program, educational institutions and their accredited partner companies/ employers shall conduct the prequalification and selection of student borrowers.  Educational institutions may borrow up to 90% of the total cost, but not to exceed P150-million, based on the total cost of eligible expenditures and the number of student-borrower applicants.

 

A tripartite contract with the educational institution and student borrowers commits partner companies/ employers to provide on-the-job training, subsequent employment, and automatic payroll deductions to enable student borrowers to repay their loans.

 

Qualified expenditures include the cost of tuition, board and lodging, books, uniform, school materials, review and licensure fees, travel documentation, travel fees, airfare and other training fees.

 

Eligible student borrowers should be at least high school graduates, of good moral character, with excellent academic performance, and the mental and physical fitness to undergo and complete the program.

 

Eligible courses include maritime, education, skills training certification on technical/ vocational courses, culinary arts, information technology or business process outsourcing-related courses, hospitality management, graduate and post-graduate courses, and other bridging courses.

 

DBP HELPS is an extension of the DBP Endowment for Education Program (DEEP), a corporate social responsibility project of DBP.  DEEP provides scholarships to bright and promising youth (including persons with disabilities) from low-income families who wish to pursue a degree or non-degree course in the fields of maritime education, agriculture, technical/ vocational courses, entrepreneurship, forestry, education, and hotel and restaurant management

 

This is a scheme that extends loan or credit to deserving students who are entering freshman college or tertiary students with college units earned.

 

Further reading, https://www.devbnkphl.com/news.php?id=151

 

 

Requirements

At least high school graduate

Good morale character

Excellent academic performance

Mental and physical fitness to complete the program

Please see the requirements of your school also

 

 

DBP RISE scholarship program

The bank also introduced the DBP RISE program intended to support students enrolled in the accountancy, engineering, education and information technology courses. In this undergraduate scholarship program, DBP will shoulder tuition fees, board and lodging expenses, living allowance, cost of apprenticeship, residency training and expenses during review for board exams.

 

The program is financed by a P500 million seed fund that targets underprivileged high school graduates across the country. The DBP RISE is one project that can make a substantial difference in the lives of many poor people.

 

The DBP has tapped 14 partner-schools for this initiative comprised of eight state universities and colleges and six private educational institutions. These schools are the University of the Philippines Los Baños, Polytechnic University of the Philippines, Bulacan State University, Emilio Aguinaldo College, Mindanao State University, Mindanao State University of Science and Technology, Misamis University, Our Lady of Triumph Institute of Technology,  Palawan State University,  Philippine Normal University, University of Cebu, Lyceum of the Philippines University Batangas, West Bay College and West Visayas State University.

 

DBP RISE is the offshoot of the DBP Endowment for Education Program (DEEP), which is nearing its completion after a decade of implementation. DBP RISE will provide scholarships for the next five years.

 

 

Submit your application to

Your School OR Company

 

 

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Banco De Oro (BDO) Personal Loan | Philippine Scholarship

BDO Kabayan Program Personal Loan

BDO lets you enjoy low interest rates and easy payment terms on your financing needs, such as home renovation, tuition and educational expenses, furniture, appliances and electronic gadgets, travel and vacation, balance transfer and debt consolidation, special events, health and wellness, and during medical emergencies.

 

The BDO Kabayan Program offers the OFWs with fixed income a loan without a collateral requirement. This BDO Kabayan Personal Loan Unsecured is a non-collateral multi-purpose loan against holdout on joint or individual account deposits maintained with BDO as security.

 

The type of deposits allowed for this facility are the peso or dollar current or savings account and the peso or dollar time deposit account. The time deposit should be at least co-terminus with the loan tenor.

 

The minimum deposit requirement is P15,000 or its dollar equivalent even though the loan proceeds will be in pesos. The applicant should be the OFW only. However, it the deposit collateral is a joint account, the beneficiary may apply as a principal borrower of the loan.

 

The In Trust For accounts and accounts with existing or ongoing holdout arrangements are not allowed and do not qualify in the program.

 

The applicant is granted flexible loan amounts. The loan proceeds will be credited to the BDO account of the borrower. Applicants with an existing personal personal loan with good standing may qualify for re-availment or for a top-up plan.

 

 

Requirements

Submit the following forms

Application form

Authorization form

Auto debit arrangement form

Beneficiary information form

 

Further reading, https://www.bdo.com.ph/personal/loans/personal-loan

 

 

How to open a Kabayan Savings account?

BDO Kabayan Savings is the start of a lasting relationship between BDO Remit and Filipino migrants and families. Overseas Filipinos and their beneficiaries may open a BDO Kabayan Savings Account at any BDO branch in the Philippines.

 

Initial deposit is only P100 for peso account and US$100 for US dollar account. Submit one valid ID, 1×1 photo. This account comes with a passbook and an ATM debit card for easy monitoring of remittances.

 

You are allowed to have a zero maintaining balance if your account receives at least one remittance within 2 years. You can also earn BDO Rewards points from your savings and remittances too.

 

The new policy. Effective October 1, 2018 you should remit to the account at least once within 2 years to continue enjoying the no maintaining balance feature. If there’s no remittance within 2 years, your BDO Kabayan Savings will automatically convert to a regular ATM savings with a maintaining balance requirement of P2,000.

 

Your BDO Kabayan Savings Account is your key to a better future as your start your life aboard. By having an account, you build a credit history with the bank, making it easier for you to apply for a car, home or business loan in the Philippines.

 

 

Submit your application to

Any BDO branches nationwide

De La Salle University Student Loan Program | Philippine Scholarship

De La Salle Student Loan Program

De La Salle University positions itself as a leader in molding human resources who serve the church and the nation. It is a Catholic coeducational institution founded in 1911 by the Brothers of the Christian Schools. The University is a hub for higher education training renowned for its academic excellence, prolific and relevant research, and involved community service.

 

Nestled in the heart of Manila, De La Salle University is home to local and international students seeking quality education for a brighter future ahead. It is situated in a vibrant city where culture and diversity is well manifested.

 

Its topnotch faculty members who are acknowledged experts in their respective fields help prepare Lasallians to be competent professionals and responsible citizens. With its path-breaking programs and projects that underscore its vision of becoming a learner-centered and research university, DLSU continues to build on its tradition of excellence and service.

 

In keeping with its mission, De La Salle University extends financial assistance to needy but capable Filipino men and women desiring to continue educational and training programs in both the undergraduate and the graduate levels. The Office of Admissions and Scholarships (OAS) is the unit charged with administering such assistance in the form of scholarship grants, tuition discounts, student assistantship, and loans.

 

The Student Loan Program (SLP) of the De La Salle University is a short term interest free loan facility intended to pay tuition and fees of undergraduate and graduate students. Loans and student aid programs can be in the form of Student Loan Program for Undergraduate and Graduate Students, Family Tuition Discount, Student Assistantship and Resource Training (START) Program or the Athletic Scholarship/ Tuition Discount.

 

 

Eligibility

Undergraduate and graduate students with at least one term of enrollment in the university and without any unsettled loan with DLSU.

 

Effective 2018, an undergraduate student may avail of a loan once every academic year. However, if a student still wishes to apply for a loan for terms 2 and 3, the application is subject to evaluation and availability of funds.

 

 

Loanable amount

The maximum loanable amount is 100% of the total tuition and fees indicated on their EAF.

 

The loan amount is intended solely for defraying the cost of tuition and fees for a given term. As such, the loan shall be directly applied as payment to tuition and fees. It will not be released in cash.

 

The loan is subject to availability of funds. Thus, the approval of the loan is done on an established need and first-come, first-served basis.

 

 

Further reading, https://www.dlsu.edu.ph/admissions/scholarships/grants/student-loan-program/

 

 

Terms of payment

The deadline for the payment of the loan is the end of Week 9 of the term.

 

After the deadline for payment, a 1% interest shall be imposed on the outstanding loan after a month.

 

The payment for the loan, and interest (if applicable) should be made at the service windows of the Accounting Office. However, a referral slip from the Office of Admissions and Scholarships (OAS) must be secured before the payment is made.

 

The photocopy of Official Receipt for student loan payment must be presented to the OAS for recording and clearance from the loan obligation.

 

 

Responsibility of the borrower

Non-payment of the full amount of the loan will prevent the student from accessing the online enrollment facility and will put the student on hold for requesting academic records and for enrollment or for application to graduate.

 

 

Application period

Start of application – November

End of application – December

Release of results – December

Deadline of payment – March

 

**Subject to change. Please inquire at the school.

 

 

Application procedure

Download the application form here

SLP Application Form

 

Or see the sample PDF below

De La Salled SLP application form

 

 

Submit your application to

Submit the application for to the Hub, 2/F Henry Sy Sr. Hall with the following supporting documents

 

Undergraduate students

Original enrollment assessment form (EAF)

Two (2) original copies of SLP Promissory Note signed by Parent On-Record

Print copy of grades from MyLasalle Account with a CGPA of at least 2.000

 

Undergraduate students

Original enrollment assessment form (EAF)

Two (2) original copies of SLP Promissory Note signed by the student

Letter of reference from an active full-time faculty of DLSU

Print copy of grades from MyLasalle Account with a CGPA of at least 2.000

 

Submit all the requirements to the Enrollment Services Hub located in the following campuses

The Hub at the Manila Campus, 2/F, Henry Sy, Sr. Hall;

 

The Hub at the Makati Extension Campus (MEC), 5/F, Tower 2, RCBC Plaza; and

 

The Hub at the Science and Technology Complex (STC), 2/F, Milagros Del Rosario Building. A card containing the DTS (Document Tracking System) number will be provided to the applicant. The status of the SLP application may be monitored through the web.

 

 

Contact information

Office of Admissions and Scholarships (OAS)

2/F Henry Sy, Sr. Hall

De La Salle University

2401 Taft Avenue

Manila 1004, Philippines

 

Telephone: 02 523 4230 (Direct) or 02 524 4611 to 19 local 162

Email: scholarships@dlsu.edu.ph

 

 

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University Of The Philippines Student Loan Program | Philippine Scholarship

University of the Philippines Student Loan Program

The University of the Philippines Student Loan Program grants students who are in need of financial assistance during enrollment and while studying in UP. Interested students must apply personally at Room 305, 3rd floor Vinzons Hall, UP Diliman.

 

The OSSS performs an important role in providing students with a better access to UP through its financial assistance programs. To optimize the benefits of these programs, the UP students are advised to assess their needs and form a plan so the OSSS can provide the right financial assistance services.

 

If you are a UP student in need of financial assistance, you should create a cash flow plan so you can determine your cash flow requirements prior to availing any of the financial assistance programs offered by the OSSS. The cash flow shall show the expenses related to your tuition and school fees; board, lodging and other fees; and school project costs.

 

After computing these items, you can plot them in a table to determine your cash flow requirements for the entire semester. When you complete the table, make an assessment to identify the items where you need an additional support or financial assistance. The student must also take note of the items which they can afford but needs to defer in other months of the semester so they can settle them in full.

 

To match the cash flow requirements, the OSSS classified its financial assistance programs based on the type of economic needs they can address into three groups: Programs that provide additional subsidy for tuition and school fees at the start of the semester, programs that provide living allowance on a month or semestral basis, and programs that defer cash payments to different periods during the semester.

 

 

Tuition Fee Loan

Up to 100% of assessed fees (except student fund) upon approval of the Chancellor. All Diliman students are welcome to apply except cross enrollees and those taking up CPE courses.

 

Loans shall bear the interest at the rate of 6% per annum from the dates on which they were made. Interest shall be waived on loans paid within 4 months. You may be the amount due only or full anytime.

 

 

Short Term Cash Loan

P3,000 per semester, only to enrolled Filipino undergraduate and graduate students. Loan charges 0.5% interest per month.

 

An P18 service charge per semester is collected. Amount due plus service charge must be paid a month before the finals.

 

 

CHED – Student Assistance Fund For Education (SAFE) Loan

P5,000 per semester, must be undergraduate Filipino students with good moral and scholastic standing. Interest is 6% per annum, service charge is 3.5% per annum. The amount due plus service charge must be paid a month before the finals.

 

 

CHED – Centers of Excellence (COE) Student Loan

P5,000 per semester, must be undergraduate students with good moral and scholastic standing. Interest rate of 6% per annum, service charge of 3.5% per annum. The amount due plus service charge must be paid one month before the finals week.

 

 

UPAA Sacramento & Vicinities, USA (PAASV) Student Loan Fund

P5,000 per semester, must be undergraduate Filipino students with good moral and scholastic standing. Interest rate is 6% per annum, service charge is 3% per annum. The amount due plus service charge must be paid one month before finals week.

 

 

How to apply?

Present the assessed UP Form 5 to the OSSS Student Loan Section to get an application form.

 

Accomplish the application form and attach the assessed UP Form 5, 1×1 ID photo, GSIS/SSS ID of parent as co-debtor, and the photocopy of student’s UP ID card.

 

Submit the application form and the requirement to OSSS.

 

OSSS returns form 5 as well as the loan check.

 

Present the loan check and the form 5 to the cashier’s office for tuition payment.

 

 

Further reading, http://osss.up.edu.ph/content/loan/

 

Programs that provide additional subsidy for tuition and school fees at the start of the semester. These include the STFAP and UP Scholarship Programs that subsidize tuition and school fees.

 

Programs that provide living allowance, on a monthly or semestral basis. These include Scholarship Programs that provide allowances, Student and Graduate Assistantship Programs, and Adopt-a-Student Program.

 

Programs that defer cash payments to different periods during the semester. These include loan facilities covered by the Student Loan Program.

After learning about the attributes of the OSSS programs, you need to create a plan on how the Office can help you address your needs. Based on the programs you have identified, you can plot the benefits you can likely receive if you qualify for the program.

 

For example, assume you will qualify for STFAP Bracket D and a private scholarship program that will give you P15,000 at the end of the semester.

 

After completing the table, the student and their parent/guardian can then make an assessment to determine if the benefits from the OSSS programs are sufficient to augment their college budget for one semester in UP.

 

To validate the feasibility of the financial assistance package, you must visit the OSSS during office hours from Monday to Friday. You may inquire with scholarships and financial assistance personnel from the different divisions of the Office to determine if your financial assistance package is adequate and to ask for alternative strategies to improve your proposal.

 

UP Student Loan Program

 

Submit your application to

Office of Scholarships and Student Services

The University of the Philippines Diliman

Room 302 Vinzons Hall

Roxas corner Shuster Avenue, Quezon City

Metro Manila 1101, Philippines

Telephone: local 4506

Email: osss@up.edu.ph

Email: updscholarships@gmail.com

 

 

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Student Assistance Fund For Education (SAFE) Program | Philippine Scholarship

Student Assistance Fund for Education for Loan (SAFE LOAN)

The Student Assistance Fund For Education For Loan (SAFE LOAN) was drawn up by CHED to provide interest free student loans for 3rd, 4th, and 5th year college students enrolled in the CHED priority courses, such as BA English, BS Applied Mathematics, BS Biology, and BS Agri-Business Economics. The program aims to provide interest free loans and scholarships to poor students.

 

The SAFE LOAN is targeted towards graduating students who are financially challenged and are trying to finish their college studies. College students can avail as much as P8,000 loan per semester that can be repaid in 2 to 5 years after graduation.

 

The loan proceeds may be used for school fees, books, course projects, thesis writing, board and lodging, graduation fees, and other school related expenses. This scholarship grant from VAT aims to help the not-so-smart ones who are usually not qualified for merit scholarships.

 

The program supports college students as well as dropouts who cannot graduate due to financial constraints. It is intended to encourage Filipinos to get a college degree and not be satisfied with an elementary or high school education only.

 

The CHED is the lead implementing agency that provides the necessary administrative and technical support for the program. The program is managed by CHED in collaboration with the Office of the Presidential Assistant for Youth Affairs and the Philippine Information Agency. There were an estimated 64 HEIs that participated in the assistance program.

 

 

To qualify, the applicants must meet the following criteria

Bonafide student in a recognized CHED HEI institution

 

Must be in his 3rd, 4th, or 5th year of studies

 

Not a beneficiary of other scholarship grants of the government

 

Must use the amount strictly for educational expenses

 

Willing to comply with the program’s rules

 

 

Details of the loan

Loan charges 6% interest per annum

A service charge of 3.5% per annum is collected

Amount due plus service charge must be paid one month before finals week

 

 

You must be enrolled in CHED Priority Courses in the HEI school. SAFE aims to address the problem on the increasing number of college dropouts due to financial difficulties. The program provides assistance to college students who are in the 3rd, 4th or graduating year through an easy, accessible, and interest free student loan program.

 

The loan can be used to pay for tuition, books, course projects and other educational expenses. The student loan program is expected to raise the number of Filipino graduates for the needed workforce in the country and abroad.

 

Student Assistance Fund for Education SAFE Loan

 

Submit your application to

The HEI of your choice

Inquiry

Commission on Higher Education (CHED)

Higher Education Development Center Building

CP Garcia Avenue, Diliman, Quezon City, Philippines

Telephone: 02 441 1260

Email: info@ched.gov.ph

 

 

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SSS Educational Assistance Loan | Philippine Scholarship

SSS Educational Loan EALP

SSS Educational Assistance Loan repayment terms for degree courses. The term is up to 5 years and loan payment shall start after 18 months for semestral courses, 15 months for trimestral courses or 14 months & 15 days for quarter term courses from the scheduled last release date or from the date of last release for those who will not avail of the subsequent releases.

 

Repayment term for vocational/ technical courses. The term is up to 3 years and loan payment shall start after 18 months for semestral courses or 15 months for trimestral courses from the scheduled last release date or from the date of last release for those who will not avail of the subsequent releases.

 

An SSS number shall be issued to a non-member beneficiary for the purpose of tracking him when he is employed in the event of delinquency by the member – borrower.

 

Qualified SSS members may avail of the educational assistance loan program (EALP) to finance the educational needs of their immediate family members. As of 2018, the EALP has a total fund allocation of P7Billion composed of the national government’s P3.5Billion counterpart which was also equally matched by the SSS.

 

A member-borrower will be assured of the educational funding until the beneficiary has graduated from the course upon approval of the EALP application. However, the loan must be filed every semester. Those eligible under this loan program are member-borrowers with at least 36 posted monthly contributions, 6 of which are posted within the last 12 months prior to the month of filing the EALP application.

 

 

Eligibility

All currently employed, currently contributing self-employed or voluntary member.

Member – borrower must have at least 12 posted monthly contributions with at least 1 contribution within the last 3 months prior to the date of application for loan. If without one 1 contribution for the last 3 months, member – borrower shall pay and present proof of payment.

Member – borrower whose last posted Monthly Salary Credit (MSC) is P15,000 or below, provided that his/ her actual monthly basic salary or income is not more than P25,000. Member – borrower who falls under MSC of P15,000 must present proof of actual monthly salary/ income of not more than P25,000.

Members who are up-to-date in the payment of salary/ housing loan amortization. If with overdue amount, it must not exceed 3 monthly loan amortizations.

 

 

Covered beneficiaries

Member – borrower, legal spouse, child of SSS member (including illegitimate) and sibling of unmarried SSS member (Including half brother/ sister).

Married member – borrowers are allowed to avail up to 2 beneficiaries who shall be any of the following: member himself/ herself, his/ her spouse, his/ her children (legitimate or illegitimate).

No substitution of beneficiary shall be allowed.

 

 

Amount of loan

Degree course – maximum of P20,000 per semester/ trimester/ quarter term or actual tuition/ miscellaneous fees, whichever is lower, rounded off to the next higher P100.

Vocational/ technical course (minimum of 2 years) – Maximum of P10,000 per semester/ trimester or actual amount of tuition/ miscellaneous fees, whichever is lower, founded off to the next higher P100.

The loan shall be funded by the National Government (NG) and SSS on a 50:50 basis. Any excess on the tuition fee and miscellaneous expenses shall be borne by the member/ beneficiary.

 

 

Interest rate and penalty

NG portion – 0%

SSS portion – 6% per annum based on diminishing principal balance until fully paid

A 1% penalty per month shall be charged for any unpaid amortization.

 

SSS Member Login, https://www.sss.gov.ph/

 

Requirements

SSS ID or 2 valid IDs

Accomplished application form

Assessment/ billing statement issued by the school of member/ beneficiary

Proof of monthly salary/ income, pay slip or pay envelope or employer’s certification for employed members

Income tax return or affidavit of income for self-employed and voluntary paying members

 

See a PDF sample of the SSS Educational Loan

SSSForm_EducAssist_Loan_Subsequent_Release

 

 

Eligible schools

The school must be accredited by the Commission on Higher Education for degree courses and Technical Education and Skills Development Authority for vocational/ technical courses.

 

Register in My.SSS, https://www.sss.gov.ph/sss/registrationPages/memberE1.jsp

 

 

Submit your application to

The SSS branch nearest your place.

 

Inquiries

SSS Call Center: 02 920 6446 to 55

Toll Free: 1-800-10-2255777

Email: member_relations@sss.gov.ph

 

 

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