Jefanie Genilla
Poverty is a problem in the Philippines that has prevented students with great potentials to succeed in life. It has long been a problem that remains unsolved until now. The good thing is that there are ways to help students who have tremendous potentials to get financial assistance and get a degree.
If your child deserves financial assistance, you need to research on the possible options so that he gets what he deserves.There are a lot of ways to get financial assistance for students in the Philippines. You can take a look at the programs offered by the government and determine if your child is eligible. You may also seek help from private financial institutions to offer cash loans so you can use it to spend for your child’s tuition fees.
State Scholarship Program
This is a program offered by the Commission on Higher Education to high school graduates who have excellent grades. Those who got an average of 90% or higher are eligible for the financial assistance of PhP30,000 a year. Those who have 85% or better can avail ofa partial scholarship of PhP15,000 a year. They may also apply for the Private Education Student Financial Assistance or PESFA. This is given to students with a GPA of 85% or better.
CHED also offers the TulongDunong Program to students who have passed the Alternative Learning System (ALS). They are entitled to smaller amounts of financial assistance a year. A study now pay later program is also offered by CHED to families that have financial problems. Aside from CHED, the Department of Science and Technology also offers scholarship to deserving students who have passed the DOST exams. They are only allowed to take science and technology courses in state universities though.
Private banks
If your child is not eligible in any of these governmental programs, you can work it out by looking for the money yourself. There are a lot of banks that are willing to provide educational loans at a lower interest rate and a more flexible repayment scheme. You just need to look at what banks can offer an affordable rate and a good repayment scheme.
Allow LoanSolutions to help you
When you have exhausted all possible means to get help for the education of your children, you might just want to give up. Before doing so, you can check out LoanSolutions. You won’t have to drive around just to find the right bank or lending firm to help you out. You simply have to answer an online application form and wait for them to match you with the right company. Once you have found the perfect partner, you can submit the necessary documents and your request will be available in no time.
As parents, it is our responsibility to make sure that our kids get quality education. Even if we have to check out all possible options and spend a lot of time to do it, we must not complain.
