The Social Security System (SSS) has made it easier for members to avail of its Educational Assistance Loan Program to help college and vocational-technical course students to meet their financial requirements for enrollment. Members with monthly income of P25,000 and below now qualified; limit formerly at P15,000 and below.
Loanable amount of up to P20,000 per semester for degree courses and P10,000 for voc-tech; previously at P15,000 and 7,500, respectively.
Minimum requirement of 12 posted contributions with at least one in last three months; previously at 36 months.
SSS Educ-Assist Loan application requirements
– Accomplished application form. Download Adobe PDF form.
– SSS ID or two valid IDs
– Assessment/Billing statement issued the school of member/beneficiary
– Legal Spouse
– Child of SSS member (incl illegitimate)
– Sibling of unmarried SSS member
The college must be accredited by the CHED while the voc-tech course must be at least a two-year program recognized by the TESDA.
For more information assistance regarding the SSS Educational Assistance Loan Program including loan repayment and other application info, please adobe pdf here or visit SSS website www.sss.gov.ph/ or offices.