CHED E-SNLP Study Now Pay Later Program allows students to continue their studies via this program; they only need to pay later after graduation if they have already done so.
This Guide is for informational purposes only, as Ched halted this program. Rest assured, once there is an update, we will do so in this Guide
Table of Contents
Qualifications
To qualify for the CHED E-SNLP Study Now Pay Later Program, student applicants and their co-borrowers must meet the following qualifications outlined in CMO No. 16.
Qualifications for Applicants
- Nationality:
- The applicant must be a Filipino citizen. This ensures that the program is available only to Filipino citizens.
- Age Limit:
- The applicant must be 30 years old or younger. This criterion targets younger students who need financial assistance.
- Enrollment:
- The applicant must be enrolled in any year level of a degree program recognized by CHED. This ensures that the student is pursuing an accredited degree.
- Income Priority:
- While there is no strict income limit, preference is given to students whose parents have a combined annual gross income of Php 300,000 or less. This prioritizes support for students from lower-income families.
- Character:
- The applicant must demonstrate good moral character. This emphasizes the importance of integrity and ethical behavior.
- Financial Assistance:
- The applicant must not receive any other government financial assistance. This ensures the program supports students who still need to benefit from other government aid.
Note: The applicant refers to the student applying for the CHED E-SNLP Study Now Pay Later Program.
Qualifications for Co-Borrowers
- Age Limit: The co-borrower must be 50 years old or younger. This ensures the co-borrower is within a practical age range to support the loan.
- Membership: The co-borrower must be an active and bona fide member of GSIS or SSS. This ensures that the co-borrower has a stable financial background.
- Employment Status: The co-borrower must provide their employer a Certificate of Employment and Compensation to prove their good standing. This verifies the co-borrower’s employment and income, demonstrating their ability to support the loan repayment.
Note: A co-borrower is an individual who agrees to share the responsibility of repaying the loan with the applicant.
Requirements
You must prepare and submit several essential documents to apply for the CHED E-SNLP Study Now Pay Later Program. Here’s a detailed list of the requirements to ensure you meet all the criteria for the program:
Requirements for E-SNLP Application
- Completed Application Form: make sure you fill out the application form thoroughly.
- Birth Certificate: Submit a certified copy of your birth certificate to confirm your identity.
- Admission Slip/Enrollment Registration Form: Provide documentation from your school showing your admission or current enrollment status.
- National Career Assessment Examination (NCAE) Certificate: New students must show results of the NCAE.
- Form 138 or Certified True Copy of Grades for: Incoming college students should submit Form 138; current students must provide a certified copy of their grades from the previous semester.
- Certificate of Good Moral Character: To attest to your character, obtain this from your high school principal or guidance counselor.
- Recent BIR Income Tax Return (ITR) or Certificate of Exemption: If you are exempt from filing, provide your latest ITR or a certificate from the BIR.
- Certificate of Employment: For the co-borrower, this should be from their employer to verify employment status.
- Latest BIR Form 2316 or ITR for Co-Borrower: Include the most recent Form 2316 or ITR from the co-borrower.
- GSIS or SSS ID: A photocopy of the co-borrower’s GSIS or SSS identification card is required.
- TIN, SSS, or GSIS Number of Applicant: Provide this information to assist with tracking and record-keeping.
Requirements for Payment of Educational Loan/Financial Assistance
For Initial Payment:
- Notice of Award (NOA) and Acceptance: Submit the NOA and proof of acceptance.
- Notarized Contract: A notarized agreement between CHED and the student-borrower is necessary.
- Enrollment Registration Form and Proof of Payment: Please include the form and evidence that you have paid the required fees.
For Subsequent Payments:
- Enrollment Registration Form or Proof of Payment: Updated forms or payment evidence are required for each payment period.
- Proof of Grades: Provide the grades from the previous semester.
- Updated Co-Borrower Information: Ensure any changes to the co-borrower’s details are updated and submitted.
Fund Transfer from CHED Central Office to CHEDRO:
- Certified Master List: A certified master list from CHEDRO is needed for the initial fund transfer.
- Updated Master List: For future transfers, an updated and certified master list should be provided.
Gather and prepare all required documents to streamline your application process for the E-SNPLP.
Benefits and Procedures for the CHED E-SNLP Study Now Pay Later Program
The CHED E-SNLP Study Now Pay Later Program offers several benefits and has clear procedures for repayment:
Benefits
1. Loan Amount:
- Coverage: The loan covers your tuition and other school fees.
- Maximum: Up to Php 20,000 per semester.
2. Interest Rate:
- Rate: 4% per year.
- When It Begins:
- After Graduation: Interest starts two years after you finish your studies.
- If You Don’t Graduate: Interest starts two years after your last loan if you haven’t completed your course.
- Interest Calculation: Interest is calculated using the formula: Interest = Loan Amount x 4% x Time (using the Diminishing Method).
3. Repayment:
- No Interest: If you repay the loan in full within two years after graduation, you won’t pay any interest.
- Payment Methods: You can choose from:
- Cash
- Manager’s Check
- Postal Money Order (PMO)
- Deposit into a CHED-LBP account
- Repayment Period: You have five years to repay the loan, not including the two-year grace period.
- Repayment Formula: Total Repayment = Loan Amount + Interest.
- Late Fees: If you don’t repay within the five years:
- Additional Interest of 2% per year.
- A surcharge of 2% of the total balance.
4. Payment Processing:
- How to Pay: CHEDRO will send you a bill. Payments can be made directly to CHEDRO, CHED Central Office, or a Land Bank account.
- Alternative Payments: Services provided to government agencies may be considered as repayment.
Loan Program Conditions
1. Course Load:
- You must take the total number of classes required for your program each semester.
2. Deferment:
- You can delay your enrollment for up to one year for valid reasons like health issues or emergencies.
3. Academic Performance:
- You must maintain good academic performance and complete your course within the designated time.
4. Extra Classes:
- Overloading: You can take an extra class with your school’s approval.
- Summer Classes: You can enroll in summer classes at your own expense.
5. NSTP and PE:
- You must complete the National Service Training Program (NSTP) and Physical Education (PE) during your course.
This plan provides financial assistance for your education with straightforward repayment options and conditions. You may read the CMO-No.16-s2011 for detailed information; however, take note that this guide here is solely for information, and updates will be made if there are any.
CHED E-SNLP Study Now Pay Later Program Plan Priority Courses
The CHED E-SNLP Study Now Pay Later Program helps fund studies in key areas. Here’s a list of the priority areas:
Engineering and Technology
- Agricultural and Biosystems Engineering
- Ceramic Engineering
- Chemical Engineering
- Civil Engineering
- Computer Engineering
- Electrical Engineering
- Electronics Engineering / Electronics and Communications Engineering
- Food Engineering
- Geodetic Engineering
- Industrial Engineering
- Manufacturing and Production Engineering
- Materials Engineering
- Mechanical Engineering
- Mechatronics Engineering
- Metallurgical Engineering
- Mining Engineering
- Petroleum Engineering
- Robotics Engineering
- Sanitary Engineering
- Structural Engineering
- Aircraft Maintenance Technology
- Aviation Programs
- Engineering Technology
- Industrial Technology
- Mechatronics Engineering Technology
Information Technology Education
- Computer Science
- Cyber Security
- Entertainment and Multimedia Computing / Game Development and Animation
- Information Systems
- Information Technology
- Library and Information Science
Science and Mathematics
- Applied Physics
- Applied Mathematics
- Applied Statistics
- Biochemistry
- Biology
- Botany
- Chemistry
- Environmental Science
- Geology
- Human Biology
- Marine Biology
- Marine Science
- Meteorology
- Molecular Biology and Biotechnology
Architecture and Related Programs
- Architecture
- Fine Arts
- Interior Design
- Landscape Architecture
- Environmental Planning
Business and Management
- Accountancy
- Business Analytics
- Hospitality Management / Hotel and Restaurant Management
- Tourism Management
Maritime Education
- Maritime Engineering
- Marine Transportation
Teacher Education
- Secondary Education with a focus on Science and Mathematics
- Early Childhood Education
- Special Needs Education
- Sports and Exercise Science
Health Profession Education
- Doctor of Dental Medicine
- Doctor of Optometry
- Medical Technology / Medical Laboratory Science
- Midwifery
- Nursing
- Nutrition and Dietetics
- Occupational Therapy
- Pharmacy
- Physical Therapy
- Radiologic Technology
- Respiratory Therapy
- Speech-Language Pathology
Social Sciences
- Community Development
- Human Services (Guidance and Counselling)
- Indigenous Peoples Studies
- Peace Studies
- Psychology
- Social Work
Multi and Interdisciplinary Cluster
- Agribusiness
- Agro-forestry
- Data Science and Analytics
- Disaster Risk Management and Climate Change
- Renewable and Sustainable Energy
Application Deadline
The Study Now Pay Later Plan (SNLP) is currently halted. While the program is not active at the moment, we will update this article if it resumes in the future. For now, use this information as a reference to understand the program’s offerings by CHED. Save this to stay informed about any potential updates or new opportunities.
Application Process
To apply for the CHED Study Now Pay Later Plan (SNPLP), follow these detailed steps to ensure a smooth application process. Please note that this program is currently on hold. We will provide updates if it resumes. This information is for reference purposes only to inform you about the program’s previous availability.
Step 1: Obtain the Application Form
- Visit the nearest CHED Regional Office (CHEDRO) or download the StuFAPS application form (OSS Form 01) from the CHED website.
Step 2: Complete the Application Form
- Fill out the form accurately and ensure all required information is provided.
Step 3: Gather Required Documents
- Collect and attach all necessary documents as listed in the application requirements.
Step 4: Submit Your Application
- Submit the completed application form and the required documents to the nearest CHED Regional Office (CHEDRO). Here are the contact details for each CHEDRO:
Step 5: Application Review
- CHEDRO will review and evaluate your application based on the established criteria.
Step 6: Notification of Award
- If you qualify, you will receive a Notice of Award (NOA) from CHEDRO.
Step 7: Confirm Acceptance
- Confirm your award acceptance within thirty (30) days of receiving the NOA.
Step 8: Finalization
- CHEDRO will prepare and certify the master list of approved applicants.
Now that you understand the application process submit your application promptly and keep track of any updates.
Visit the CMO for detailed information here CMO-No.16-s2011.
About CHED and CHED E-SNLP
CHED, or the Commission on Higher Education, is a government agency in the Philippines that manages and supports colleges and universities. Their goal is to improve the quality of higher education and make it more accessible for students.
The CHED E-SNLP Study Now Pay Later Plan program helped students pay for their education by allowing them to delay payments until after graduation. This program is currently paused, but it was a valuable way for students to get financial help for their studies.
Final Thoughts
The CHED E-SNLP program is on hold right now, but there might be updates in the future. Check here for the latest information and look into other financial aid options. Keep working towards your education goals and stay informed about new opportunities.
Reference
- CHED CMO No. 16, s. 2011: Commission on Higher Education. (2011). CMO No. 16, s. 2011. Retrieved August 6, 2024, from https://ched.gov.ph/wp-content/uploads/2017/10/CMO-No.16-s2011.pdf
- CHED Halts Study Now Pay Later Program: Alim, A. (2023, August 7). CHED halts Study Now Pay Later program. Inquirer.net. Retrieved August 6, 2024, from https://newsinfo.inquirer.net/1659767/ched-halts-study-now-pay-later-program
Disclaimer:
The information provided about CHED scholarships is for general guidance and informational purposes only. While every effort has been made to ensure accuracy, the details and eligibility requirements for each scholarship program may change. For the most up-to-date information and specific application procedures, please visit the official CHED website or contact the appropriate CHED regional office. Additional references for the information provided are attached above.
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