One of the many challenges of parents and students is the very high cost of post-secondary or college education. In 2015, according to the Executive Director of CHED, Atty. Julito Vitriolo, the participation rate of students who enter college is only 26%. And in order to help the many students who cannot afford college education, the Commission on Higher Education is offering a loan where students could have the chance to study and pay later, about two years after finding an employment.
Qualified students can avail as much as Php 15,000 per annum or Php 7,500 per semester. Initially the student who plans to apply for the Study Now Pay Later Program or SNPLP has to choose the college first and seek admission, once admitted to the college or university an application can be made and submitted to the Regional Office of CHED.
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After finishing college, the terms of payment for the loan could be in lump-sum (no interest) or it could also be installment (subject to interest), and can be negotiated with CHED but interest should not be more than 6% per year.
“Any loan granted under the Section shall be paidby the student-debtor after he has finished thecourse or profession for which the proceeds of theloan was expended, but only after a period of two(2) years from the time he has acquired anemployment: provided, however, that interest at therate of not more than six percent (6) per annumshall accrue to the balance thereof”
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hereunder is the interpretation of the above subject by CHED Legal Service:
WHAT ARE THE REQUIREMENTS TO APPLY FOR THE PROGRAM?
1. Must be Filipino citizen.
1. The student is a debtor to CHED for the amount of loan that he or she availed of under the SNPLP Program.
2. The loan should have been spent to enroll in a degree program or profession.
3. The student should have graduated from the degree program enrolled in.
4. The student-debtor is obliged to pay CHED the amount of loan availed of only two (2) years after acquiring an employment. If he/she has not acquired gainful employment, then the period of two (2) years does not even begin to run.
5. The interest shall accrue only after the conditions mentioned in Nos. 1 to 4 above have been met, or actually exist. In this case, the period of repayment will actually commence even if the student is subsequently not able to sustain that job and becomes unemployed again.
6. The student-debtor may pay directly to any CHED Regional Offices or to the CHED Central Office through the Office of Student Services
1. Must be Filipino citizen.
2. Parents income must not exceed Php 300,000 per annum.
3. Applicant should not be receiving any other government incentive like scholarship or other student loan.
4. Student must be entering college or is a college student.
To apply for the Study Now Pay Later Program or SNPLP loan, students may submit their application to CHED's Regional Office.
| CHEDRO I (chedro1@ched.gov.ph) | CHEDRO VIII (chedro8@ched.gov.ph) |
| MS. CHERRIE MELANIE ANCHETA -DIEGO | DR, MAURA CONSOLACION D. CRISTOBAL |
| Director IV | Director IV |
| Government Center, Brgy.Sevilla, City of San Fernando, La Union | cor. Real St. and Calanipawan Rd., Sagkahan, Tacloban City |
| Telefax. (072) 242-2750 | Telefax: (053) 325-8579 |
| Tel. (072) 242-0238 242-5017 | Smart (0998) 356-4335 Globe (0915) 776-4154 |
| CHEDRO II chedregion02@gmail.com | CHEDRO IX (chedro9@ched.gov.ph) |
| Dr. TEOTICIA C. TAGUIBAO | DR. JUANITO R. DEMETRIO |
| Director IV | Acting Director IV |
| Regional Development Center, Carig,Tuguegarao City, Cagayan | Polytechnic Compound, Baliwasan Chico, Zamboanga City |
| Telefax: (078) 396-0651 | Tel. (062) 991-76-48 991-7084 Fax. (062) 991-7649 |
| CHEDRO III (chedro3_sfp@yahoo.com) | CHEDRO X |
| DR. CARIDAD O. ABUAN, CESO III | DR. ZENAIDA G. GERSANA, CESO III |
| Director IV | Director IV |
| Regional Gov’t. Center, Maimpis, City of San Fernando, Pampanga | Mon James Hayes St., Brgy. 40, Cagayan de Oro City |
| Director’s Office: (045) 455-1662 | Tel. (0882) 856-4380 / 271-1231 |
| Technical: (045) 436-1846 Administrative: (045) 436-1847 | Telefax. (0882) 272-4180 |
| CHEDRO IV-A | CHEDRO XI (chedro11@ched.gov.ph) |
| DR. EMMYLOU B. YANGA | DR. RAUL C. ALVAREZ, JR., CESO III |
| Director IV | Acting Director IV |
| 2nd Flr., HEDC Bldg. C.P. Garcia Avenue, Diliman, Quezon City | Loyola St., Bo. Obrero, Univ. of Southeastern Phil. Compound, Davao City |
| Tel. (02) 332-4734 | Telefax. (082) 295-3418 / 282-4448 |
| CHEDRO IV-B | CHEDRO XII (chedro12@yahoo.com) |
| DR. VIRGINIA D. AKIATE, CESO III | DR. MAXIMO C. ALJIBE, CESO III |
| Director IV | Director IV |
| 2nd Flr., HEDC Bldg. C.P. Garcia Avenue, Diliman, Quezon City | Regional Center, Brgy. Carpenter Hill, Koronadal City |
| Tel. (02) 386-4781 | Tel. (083) 228-1127 Fax. (083) 228-1130 |
| CHEDRO V (ched.region5@gmail.com) | CHEDRO NCR |
| DR. GEORGE M. COLORADO, CESE | DR. LEONIDA S. CALAGUI, CESO III |
| Acting Director IV | Director IV |
| CHEDRO Building, EM’s Barrio South, Brgy. 2, Legaspi City | 2nd Flr., HEDC Bldg. C.P. Garcia Street, Diliman, Quezon City |
| Tel. (052) 481-5096 Fax. (052) 481-5095 | Tel. 468-0213 / 441-0879 / 441-0985 / 441-1224 / 441-0453 |
| CHEDRO VI (chedro6@yahoo.com) | CHEDRO CAR (chedherocar@yahoo.com) |
| Dr. CESAR H. MEDINA, CESO V | Dr. ROMULO H. MALVAR, FFCP, CESE |
| Director IV | Officer-In-Charge, Office of the Director IV |
| #12 Washington St.,Jaro,Iloilo | KM6 Cabanao, Balili, La Trinidad, Benguet |
| Telefax. (033) 320-6976 Tel. (033) 329-5955 / 508-8852 | Tel. (074) 422-4052 Fax: (074) 422-2418 |
| CHEDRO VII (chedro7@ched.gov.ph) | CHEDRO CARAGA (chedcaraga@gmail.com) |
| DR. FREDDIE T. BERNAL, CESO III | DR. MARICAR R. CASQUEJO |
| Director IV | Director IV |
| National Government Center, Sudlon, Lahug, Cebu City | Caraga State University (CSU) Main Campus, Ampayon, Butuan City |
| Tel.(032) 414-9195 / 414-9194 | Telefax (085) 342-7765 / 342-5253 (Admin.) |
| Tel. (085) 815.3699 / 815-3698 |
