SSS Educational Loan Assistance Program

Social Security System has another loan program for family who can't afford to send their children to school. SSS Educational Loan Assistance Program has offers to all SSS members, the said student loan covers both college and technical or vocational courses. With regards on the requirements it's very easy if you are an active SSS members try to read down below some informations.

SSS educational Loan Program

* SSS members with monthly income of P25,000 and below are qualified; before the limit range is P15,000 and below.

* The loanable amount of up to P20,000 per semester for degree courses and P10,000 for voc-tech; compare to old system ranging only P15,000 and 7,500.

* Minimum requirement of 12 posted contributions with at least one in last three months; previously at 36 months.

Educational Loan Covered Beneficiaries

* Active Member
* Legal Spouse
* Child of SSS member (including illegitimate)
* Sibling of unmarried SSS member (including half brother/soster)

SSS Educational Loan Requirements

* SSS valid ID or 2 valid IDs
* Accomplished application form
* Assesment or billing statement issued by the school of member/beneficiary

note: Any excess on the tution/miscellaneous fees shall be borne by the member/beneficiary

You can also visit SSS website for details


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