Do you need some financial help with your tuition and other fees?
Good news to all students. The Unified Student Financial Assistance System for Tertiary Education or UniFAST announces the opening of application for a student loan.
What is Student Loan Program
The Student Loan Program for Tertiary Education (SLPTE) -Short Term allows students to apply for a loan from the School. A short term loan which needs to be paid within a period no longer than one academic year
It is one of the programs under Republic Act 10931 or the Universal Access to Quality Tertiary Education Act (UAQTEA). It has a PHP 1 billion allocation for AY 2018-2019.
In order to support further the cost of tertiary education or any part or portion thereof, a student loan program for tertiary education is established for all Filipino students.
Who can avail the Loan?
It is open to qualified student borrowers enrolled in:
- State universities and colleges (SUCs),
- CHED-recognized local universities and colleges (LUCs) and
- Private higher education institutions (HEIs) listed in the Registry of Institutions and Programs.
How much I can borrow?
An initial maximum loan amount of PhP 60,000. It can be used for tuition and other school fees, books, tools, equipment, stipend, and/or for license exam fees.
Moreover, NO INTEREST will be charged if paid within one year from the date of loan approval.
The First Batch Application deadline is on AUGUST 15, 2019.
For more inquiries, visit your school’s UniFAST Focal Person/Coordinator.