Disclaimer: The Educational Loan program has a set budget only in which limited numbers only can be accommodated in the program. According to SSS, interested applicant to the SSS Educational Loan Program can still apply however they will be waiting for other slots to be freed up (i.e. prior beneficiaries have already graduated and payment for the Education Loan has started).
The SSS Educational Loan is funded by 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.
The SSS member should:
1. Have an actual monthly salary that is not more than 25,000 pesos per month.
2. Has a last SSS monthly salary credit is 15,000 pesos or lower.
3. have paid at least 12 monthly contributions.
4. have paid the monthly contribution for at least 1 of the past 3 months.
5. Be not delinquent in his/her outstanding SSS housing loan or salary loan.
The amount of loan depends if you are taking a degree course or vocational.
For example, If the beneficiary is a college student and his school fee total for the current semester is 18,000 pesos, your loan amount will be 18,000 pesos. If his school fee total is 35,000 pesos, your loan amount is only 20,000 pesos.
It is important also that 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.
There is 0% interest for the amount funded by the government. And 6% annual interest for the amount funded by SSS. This means 6% annual interst will be added only on the half of your loan amount.
Once your application is approved for yourself or your beneficiary, you can no longer substitute another beneficiary.
Once qualified and have received your initial educational loan, you need to file for another loan application on the succeding semester using another form titled Application for Subsequent Release of Educational Assistance Loan.
You’ll pay your loan in installments starting after 18 months from the date of release of last loan check. Payment term is up to 5 years for college students and up to 3 years for vocational students.
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View Comments
OFW pede po ba mag avail
It's a big help to all sss members especially to those who can't afford.
If there’s no tuition anymore like PUP, can we still apply for this?
If there's no tuition can still apply?
What if currently not employed??
So, how do the members know there is available fund already? Are you going to have a nationwide news update or on your website only?
I totally forgot my previous phone number that connected to my sss and also I forgot my password . . what should I do ?
Good day po... Can the SSS member get an Educational Loan so he/she can continue and finish in college?
can i apply in online application for educational loan?
how to apply educational loan? via online or I need to go in SSS Branch