There are also ways in order to fund education even if none of your family members would. You can go and produce funds by striving hard for it, you can search for ways to fund your education, or you can ask the Social Security System (SSS) help for that. Now, there is what we call the Educational Assistance Loan Program for workers and beneficiaries to borrow or lend money for enrollment, technical, and vocational courses. Here is everything you need to know about Educ-Assist.
People are wondering why this program had been born. To be frank, our own government wants its country to be filled with more professionals and skilled workers to give aid to the country’s economic and industrial productivity with agricultural expansion; and having this program enables our countrymen to have access to better and higher education to expand the reaches of what our people can do.
Not everyone is up for this program; there are certain criteria as to who can apply for this program.
All currently employed, currently contributing self-employed or voluntary member.
Member-borrower must have at least twelve (12) posted monthly contributions with at least one (1) contribution within the last three (3) months prior to the date of application for loan; if without one (1) contribution for the last three (3) months, member-borrower shall pay and present proof of payment.
Member-borrower whose last posted Monthly Salary Credit (MSC) is Php15,000 or below, provided that his/her actual monthly basic salary or income is not more than Php25,000; member-borrower who falls under MSC of Php15,000, must present proof of actual monthly salary/income of not more than Php 25,000.
Members who are up-to-date in the payment of salary/housing loan amortization. If with overdue amount, it must not exceed three (3) monthly loan amortization.
The members are not only the ones who can benefit from this program, it also includes their:
3 thoughts on “How to Avail SSS Educational Assistance”
Pwede po bang sabay ang loan ko for Educational Assistence kahit kakafile ko lang din po ng loan last August 3 for salary loan?
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Pwede po bang sabay ang loan ko for Educational Assistence kahit kakafile ko lang din po ng loan last August 3 for salary loan?
Pwede po bang bagsabaying ang salary loan at educ loan?
Paano po kung 17000 a month ang sahod ndi pede mag avail ng educational assistance?