Implementing Guidelines
I. Background
In accordance with the pertinent provision of RA No. 7722 otherwise know as the “Higher Education Act of 1994”, the Commission on Higher Education pursues the goal to broaden the access of deserving and qualified student to higher education, which intended to contribute to the long term objectives of enhancing the nation’s human capital, competitiveness and economic development.
The existing scholarship and student loan programs of CHED are not sufficient to address all scholarship needs and is availed of only by a limited number intended beneficiaries, thus, Her Excellency Gloria Macapagal-Arroyo provided new students’ financial assistance package for this School Year where qualified loan grantees can borrow as much as Eight Thousand Pesos (P8,000.00) depending on individual circumstances and requirements.
II. Title and Coverage
This additional student assistance package shall be known as Student Assistance Fund for Education (SAFE) for Loan. The program shall cater to financially needy students who are in their 3rd, 4th, 5th or graduating year of study. Priority shall be given to those enrolled in CHED Priority Courses (Agriculture, Fisheries, Agro-Business, Forestry, Veterinary Medicine, Environmental Science, English, Math, Science, Teacher Education, Maritime and Engineering).
The loan grant can be used for tuition and other school fees (books and course projects, thesis writing, board and lodging, graduation fees) and other valid educational expenses.
III. UNIVERSITY IMPLEMENTING GUIDELINES
1. Criteria for Allocation of Slots
Allocation of slots per campus shall be determined based on the student population.
Application
Selection of Grantees and Documents Required from Grantees
To avail the Student Loan Program qualified Loan grantees can borrow as much as Four Thousand Pesos (Php 4,000.00) to maximize the general allocation ,and thus, benefited by more numbers of applicants and recommendees {university wide}, loan shall be fixed into Four Thousand Pesos (P4000) each .
2. Selection
The applicant-grantee must pass the screening process and thereby submit necessary requirements prior to the needed documents for the implementation of the grant.
The Screening Committee are as follows:
Chairman: Dr. Nancy T. Pascual,
Director, Office OSDS
Co- Chairman: Prof. Debbie G. San Jose
Head, Scholarship and Financial Assistance Section
Members:
Dr. Haidee Marquez
Prof. Maricar. Sembrano, SC Rodriguez
Prof. Divinia Patapat, SC Pililla
Prof .Arabella Pabilonia, SC Binangonan
Rosanna Geronimo, SC Angono
Prof. Helen Libao, SC Antipolo
Prof. Romeo Estrada, SC Taytay
Prof. Monette Pilapil, SC Cainta
3. Requirements
Applicant-Grantee must comply and meet the entry requirements of the participating higher education institution where he /she intends to enroll. are required to submit the following:
a. Certification of grades
b. Certification of Good Moral Character
c. ITR or Certificate of Exception from the Barangay
d. 1. Certificate of Recommendation from the Dean of College he/she belongs
2. Co-Maker from the Faculty as reference for follow-up
e. Accomplished application form ( notarized)
4. Responsibilities of the SAFE LOAN GRANTEE
a. Carry a full semestral load as prescribed in the curriculum, and finish the course within the normal duration of the program.
b. upon granted of the loan, he/she must report regularly to the Office of Student Development Services as long as he/she is still studying.
c. Pay the amount borrowed under the program within the allotted time period, as specified in the agreement/contract you signed with your school, and:
d. notify the school within 30 days from the occurrence about any change of permanent address, status or married name.
5. Implementation/Disbursement
During the disbursement,:
a. Conduct a single program of disbursement in which the Scholarship Coordinator by Campus, Parents and Grantees are present.
b. Reiterate to Scholarship Coordinator , parents and Grantee
on the guidelines governing the program .
c. Amount granted will be given only during the disbursement period.
In any circumstances that the guardian is not present during the time of disbursement, this office has the authority of not awarding the loan, unless until, a valid reason of both parties presented.
6. Payments
To comply with the requirements of the Commission on Higher Education (CHED) and to manage the Student Loan Program of this University , this Office has set to target a five year payment plan upon receipt which schedule as follows:
Granted as of SY 2008-2009
| Year Level | Before Graduation (%) | Year 2009 (%) | Year 2010 (%) | Year 2011(%) | Year 2012 (%) | Year 2013 (%) |
| 5th | 10 | 10 | 10 | 10 | 25 | 30 |
| 4th | 10 | 10 | 10 | 10 | 25 | 30 |
| 3rd | 5 | 10 | 10 | 10 | 30 | 35 |
However grantee can take the following options in paying:
a. Loans may be paid every two weeks or monthly installment.
b. Loans can be made possibly more than projected or as soon as they are able to pay the total loans before the end period.
c. Payments can be made personally or through representative directly to the OSDS-Scholarship Section. Receipt will be provided.
7. Monitoring
Grantees are subject to send demand letter, if they failed to comply with the implementing guidelines herein.
IV. ADMINISTRATION/ SUPERVISION OF THE OF THE SAFE LOAN
University wide duties and responsibilities involved in the implementation and administration and Safe Loans are as follows:
a. Monitor, assess and evaluate the implementation of the program to ensure that the allocation is properly dispensed to intend the beneficiaries.
b. Maintain separate accounting records for the program that will be the subject to periodic monitoring by CHED and/or COA Audit Teams.
c. Assist CHEDRO to monitor or track the whereabouts of the scholars after graduation in order that the latter properly comply with their obligation to refund the loan at the intended period of repayment.
d. In the course of implementation, recommend whenever necessary, measures to improve the efficient and effective handling of the program.
e. Scholarship Coordinator by campus are strictly requested to report and update the Director of the Office of Student Development Services or, the Head of Scholarship and Financial Assistance for the status of the program particularly the payments received from the grantee in their respective campuses.
f. Prioritize to turn over the responsibilities of this program just in case the scholarship coordinator of concerned campus is designated to other assignment. . He/ She is subject for the non-issuance of faculty clearance if not properly turned over.
g. Amount received/ by this office will be deposited to an account opened exclusively for this purpose.
V. EFFECTIVITY
This guideline shall take effect immediately
For proper guidance and strict compliance of all concerned