SNPLP

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STUDY-NOW PAY-LATER PLAN (SNPLP)

A. LEGAL BASIS

1. R.A. 8545 amending R.A. 6728


B. CLIENTELE Deserving College Students C. PARTICIPATING HIGHER EDUCATION INSTITUTIONS (HEIs) Selected Private HEIs D. AREAS OF SPECIALIZATION Priority Courses E. ENTRY REQUIREMENTS 1. Filipino citizen 2. Currently enrolled or intend to enroll in any of the CHED-priority courses 3. Not more than 30 years of age at the time the application for loan 4. With 75 percentile rank or above in the National Secondary Achievement Test (NSAT) 5. Have a weighted average of 2.5 or higher in the last semester in college, if attended any 6. With parents/guardians having a gross annual income of not more than P150,000.00 7. Not presently enjoying any scholarship or study grant F. DOCUMENTARY REQUIREMENTS 1. Latest BIR Income Tax Return (ITR) of applicants parents/ guardians 2. High School Report Card (Form 138), for incoming freshmen

3. Official enrollment certificate and statement of accounts for those with college units 4. Official report of ratings or certificate of grades for the last semester attended issued by the school registrar or dean, with an average of not lower than 2.5 for those with college units, and 5. Certification of guarantee of loan by a GSIS/SSS member guarantor
G. APPLICATION PROCEDURE 1. Secure application form from the College Registrar of a private HEIs authorized by CHED to administer the SNPLP or from the CHED Regional Office, and 2. Submit the accomplished form together with the required documents to the Registrars Office

3. Wait for the notice form the CHED Regional Office if accepted or not to the program G. FINANCIAL BENEFITS

A maximum loan of P 7,250.00 per semester to cover tuition and other school fees

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