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I'm the webmaster of Bangsamoro.com - a flagship website of Young Moro Professionals Network, Inc. (YMPN) and also webmaster/maintainer of Morofocus.com - The Bangsamoro Documentation Project.

CHED Student Loan Plans

Published by Jun | Filed under CHED, Education, Student Loans

Do you know that theres available loans for the students in the Philippines? If you need extra money to cash in for your tuition fees and other miscellaneous fees because you are just poor, theres a student loan plan from CHED. Starting next school year, funds for the student loan program of the government will be increased from P215 million to P4 billion to accommodate more beneficiaries, according to Commission on Higher Education (CHED) Chairman Carlito Puno.

There’s CHED ORDER No. 23 Series of 1999 with SUBJECT: AMENDMENTS TO CHED ORDER NO.14 SERIES OF 1999 ENTITLED, “GUIDELINES FOR THE IMPLEMENTATION OF THE STUDENT LOAN FUND FOR REGION V UNDER REPUBLIC ACT NO. 8745″. (click this to download – co_23_99f.doc)

The program is already implemented this second semester’s school year, but according to Puno its full implementation is scheduled for the school year 2008-2009. Theres already 38,000 beneficiaries of the student loan program of CHED and it will be increased to 200,000 as more funding agencies will pledge their support. At present, beneficiaries studying in State universities get P5,000 per semester and this amount will be raised to P15,000 per semester. The students enrolled in private universities can also avail the unsecured loans for P20,000 per semester if the CHED plans push through.

The Government Service Insurance System (GSIS), Social Security System (SSS) and the Land Bank of the Philippines have pledged P500 million, P1 billion, and P1 billion infunds, respectively, in support of the project. The SSS and the GSIS said they want to course the amount through private banks, while the Land Bank wants it coursed through active cooperatives all over the country.

In the past theres also a similar student loans program implemented by the Commission on Higher Education called “Study-Now-Pay-Later” Program, a scheme of providing loans or credit to poor but deserving and hardworking students who are enrolled in priority courses in selected higher educational institutions. I also wonder if a student can also avail nor have an access to homeowner loans. This CHED Student Loan Plans is good development for the youth in the Philippines who really want to finish education. But the national government should add more funds to CHED since  200,000 beneficiaries really falls under the number of youth in the Philippines. Hope the pledges of GSIS, SSS and LDP won’t go to wastes and end up to corrupt officials.

Lets call for more Budget in Education! and not for bullets and bombs.

December 3rd, 2007

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16 Responses to “CHED Student Loan Plans”

  1. Thomas Says:
    December 4th, 2007 at 9:46 pm

    Dear Jun,
    I am extremely interested to learn more about the student loan programmes in the Philippines. Could you kindly point me towards a website or other information sources that lay out the detailed requirements that need to be fulfilled to be eligible for a student loan, esp. which studies or colleges/universities are covered under the existing scheme.
    A friend of mine might need to abort his so far very succesful studies as his family lost all income sources. I would like to help and hence I am also looking into opportunities in getting a student loan for him.
    Thank you very much in advance for all your efforts.
    Kind regards
    Thomas

  2. Jun Says:
    December 6th, 2007 at 12:12 pm

    @ Thomas – heres the link from CHED website –
    http://www.ched.gov.ph/scholarships/local.html

    Visit your local CHED office for more information.

  3. jessie Says:
    December 6th, 2007 at 5:23 pm

    jun, sana nga mag-click ang student loan na yan. alam naman natin ang gobyerno, madalas palpak.

  4. Jun Says:
    December 7th, 2007 at 1:07 am

    @ jessie – yes sana it will be implemented well and hope there will be no ghost-student loans.

  5. dorothyjoy jimenez Says:
    September 4th, 2008 at 1:03 pm

    sana meron din sa mindanao

  6. carlo Says:
    January 27th, 2009 at 2:42 pm

    hope that the programs will not be stucked in the pockets of those corrupt politicians

  7. carlo Says:
    January 27th, 2009 at 2:43 pm

    paano ho ba kung mdi matutuloy!!! sayang nag-aply pa naman ako!!!! sana ituloy na nila ano!!!!

  8. bernarda Says:
    March 4th, 2009 at 1:57 pm

    sir,my son taking up I.S.at U.S.J.R. can he avail the ched study now pay later plan?

  9. joseph Says:
    April 9th, 2009 at 11:29 am

    sir Jun how to avail this programme?
    i want to avail this programme sir so that i can proced my college…pls help me sir…

  10. john Says:
    April 17th, 2009 at 4:15 pm

    Good Afetrnoon,

    May you please direct me to a website where I can apply for the CHED offered student loan? I am so interested about it. thanks

  11. john Says:
    April 17th, 2009 at 4:18 pm

    May you please send to my email any form that I could use to apply for the student loan if you have.

  12. karen Says:
    June 17th, 2009 at 2:27 pm

    Sir, I’m a college student, and I’m so much interested with the student loan since my parents cant avail our tuition fees.

  13. hedz Says:
    September 15th, 2009 at 3:08 pm

    sir jun,
    can i have personal contact with you,
    regarding this programmme
    i just hope it’s not late for me..
    i have a lot of questions indeed,..
    i am interested and i stopped this
    semester,… sadly,.. my part time job doesnt help me the way i needed it…
    please help,.. or please e-mail
    your contact no.
    thanks

  14. jelica Says:
    October 12th, 2009 at 12:00 pm

    I’m one of the million Out-of-school-youth here in the Philippine, I’m Jeli from Malabon City, a second year Fine Arts student from University of the East. Unfortunately, I stopped for the third time around because of our financial problem even if I work as a cashier (working student indeed) it still ain’t gonna work for me to make it next semester. That’s why I really need a student loan to make it to school because my course is quite expensive in terms that we need to provide materials for our artwork in every plates everyday. I really really want to finish my study..God knows how much I want to be present in school during storm.. Please somebody help me. Thank

  15. jeli Says:
    October 13th, 2009 at 7:41 pm

    I’m running out of time..I want to make it this coming semester but because of our financial problem again… I’m afraid i can’t make it to enroll….can somebody tell me more about this student loan or at least prove me it’s true… salamat.

  16. jennyve Says:
    October 23rd, 2009 at 10:55 am

    how to avail your program sir?

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