Student Loan Program - Short-Term Basis Application Process
Student Loan Program - Short-Term Basis Application Process
Section 29-37, IRR of RA 10931
Budget: One Billion for Academic Year 2018-2019
16,000 protected number of beneficiaries for A.Y. 2018-2019
Student Loan Program (SLP) is a Short-term loan with an initial P1 billion allocation is mandated by Republic Act 10391 or the Universal Access to Quality Tertiary Education for college students. College students may now apply for loans amounting to as much as P60,000 to cover their tuition and other education expenses.
Students can apply for a loan with their respective schools, who will then forward the applications to CHED for approval. The commission will then endorse students’ applications to DBP, which will advise students to open accounts at its nearest branch.
Student Loan Program - Short-Term Basis Application Process
1. Qualified Borrowers:
Student Loan Program (SLP) is a Short-term loan with an initial P1 billion allocation is mandated by Republic Act 10391 or the Universal Access to Quality Tertiary Education for college students. College students may now apply for loans amounting to as much as P60,000 to cover their tuition and other education expenses.
Students can apply for a loan with their respective schools, who will then forward the applications to CHED for approval. The commission will then endorse students’ applications to DBP, which will advise students to open accounts at its nearest branch.
Student Loan Program - Short-Term Basis Application Process
1. Qualified Borrowers:
Undergrduate/ Graduate Filipino students enrolled in CHED-Recognized HEIs and Programs
2. CHED-Recognized pre-screen, process applications and submit list to Unifast Secretariat for approval.
3. Unifast evaluates, validates and approves list of qualified borrowers and endorsers to DBP and HEIs.
4. DBP disburses amounts of approved loans to DBP branches and partner banks nationwide.
4. DBP disburses amounts of approved loans to DBP branches and partner banks nationwide.
5. Approved applicants are notified to open an account in DBP and partner banks to withdraw the loan.
Source: Section 5.0 of Memorandum Circular No. 2018-0003 also known as The Guidelines of the Student Loan Program for Tertiary education - Short-Term Basis
