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Application for Subsequent Release of Educational Assistance Loan
SSS application form for Subsequence release of Eduational Loan
Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: Republic of the Philippines
SOCIAL SECURITY SYSTEM
APPLICATION FOR SUBSEQUENT RELEASE OF
EDUCATIONAL ASSISTANCE LOAN
(04-2013)
THIS FORM IS NOT FOR SALE
PLEASE READ THE TERMS & CONDITIONS AND INSTRUCTIONS AT THE BACK BEFORE ACCOMPLISHING THIS FORM. PRINT ALL INFORMATION IN
CAPITAL LETTERS AND USE BLACK INK ONLY.
PART I - TO BE FILLED OUT BY THE MEMBER
SS NUMBER
COMMON REFERENCE NUMBER (CRN)
(LAST NAME)
NAME OF MEMBER
(GIVEN NAME)
DATE OF BIRTH (MMDDYYYY)
(MIDDLE NAME)
CIVIL STATUS
Single
(RM./FLR./UNIT NO. & BLDG. NAME)
LOCAL ADDRESS
(BARANGAY/DISTRICT/LOCALITY)
TAX IDENTIFICATION NUMBER (TIN)
Married
Others ____________________
(HOUSE/LOT & BLK. NO.)
(SUBDIVISION)
(STREET NAME)
(CITY/MUNICIPALITY)
TELEPHONE NUMBER (AREA CODE+TEL. NO.) MOBILE/CELLPHONE NUMBER
(PROVINCE)
ZIP CODE
E-MAIL ADDRESS
FOREIGN ADDRESS (FOR OFW)
COUNTRY
ZIP CODE
NAME OF SCHOOL
SCHOOL CODE
POSTAL CODE
ADDRESS OF SCHOOL
MEMBER-BORROWER'S CERTIFICATION
I certify that all information provided in this form are true and correct. Also, I agree with the TERMS AND CONDITIONS of the
__________________ loan application.
PRINTED NAME
SIGNATURE
DATE
If member-borrower cannot sign, affix fingerprints to be witnessed by two (2) persons.
Below are the witnesses to fingerprinting:
1)
PRINTED NAME
SIGNATURE
DATE
PRINTED NAME
SIGNATURE
DATE
2)
RIGHT THUMB
RIGHT INDEX
SCHOOL'S CERTIFICATION
This is to certify that _________________________________________ is enrolled/has applied for enrollment with
(Name of Student)
the following details:
• Name of course : _____________________________________
Vocational/Technical
Degree
• School year : ______________________
• Level :
1st year
2nd year
3rd year
• Semester/Trimester/Quarter :
1st
2nd
• No. of years to finish course :
2 years
3 years
PRINTED NAME
4th year
3rd
4 years
POSITION TITLE
SIGNATURE
5th year
4th
5 years
DATE
PART II - TO BE FILLED OUT BY SSS
IDENTIFICATION/DOCUMENT(S) PRESENTED/SUBMITTED:
SS ID card
Two valid IDs, one with photo and
signature ______________
Assessment/Billing
statement from school
RECEIVED AND ENCODED BY
Others _______________________________________
REVIEWED BY
SIGNATURE OVER PRINTED NAME
DATE & TIME
SIGNATURE OVER PRINTED NAME
DATE & TIME
-------------------------------------------------------------------------------------Perforate Here--------------------------------------------------------------------------------------Republic of the Philippines
SOCIAL SECURITY SYSTEM
APPLICATION FOR SUBSEQUENT RELEASE OF EDUCATIONAL ASSISTANCE LOAN
ACKNOWLEDGEMENT STUB
SS NUMBER/CRN
NAME OF MEMBER
(LAST NAME)
RECEIVED BY :
SIGNATURE OVER PRINTED NAME
(FIRST NAME)
DATE RECEIVED
DESIGNATION
(MIDDLE NAME)
RECEIVING BRANCH
TERMS AND CONDITIONS
ELIGIBILITY REQUIREMENTS
1. All currently employed, currently contributing self-employed or voluntary member.
2. 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.
3. 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.
4. 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.
II. COVERED BENEFICIARIES
1. Member-borrower, legal spouse, child of SSS member (including illegitimate) and sibling of unmarried SSS
member (including half-brother/sister).
2. Married member-borrowers are allowed to avail up to two (2) beneficiaries who shall be any of the following:
member himself/herself, his/her spouse, his/her children (legitimate or illegitimate).
3. No substitution of beneficiary shall be allowed.
III. AMOUNT OF LOAN
Degree Course - Maximum of Php20,000 per semester/trimester/quarter term or actual tuition/miscellaneous fees,
whichever is lower, rounded off to the next higher Php100.
Vocational/Technical Course (minimum of 2 years) – Maximum of Php10,000 per semester/trimester or actual
amount of tuition/miscellaneous fees, whichever is lower, rounded off to the next higher Php100.
The loan shall be funded by National Government (NG) and SSS on a 50:50 basis.
Any excess on the tuition fee and miscellaneous expenses shall be borne by the member/beneficiary.
IV. INTEREST RATE AND PENALTY
1. NG portion - 0 interest
SSS portion - 6% per annum based on diminishing principal balance until fully paid.
2. A 1% penalty per month shall be charged for any unpaid amortization.
V. REQUIRED DOCUMENTS
1. SSS ID or two (2) valid IDs.
2. Accomplished application form.
3. Assessment/Billing statement issued by the school of member/beneficiary.
4. Proof of monthly salary/income : pay slip or pay envelope or employer's certification (For Employed).
5. Income Tax Return or affidavit of income (For self-employed/voluntary paying).
VI. MANNER OF RELEASES
1. The check shall be payable to the school and shall be released to the member/beneficiary.
2. Subsequent loan releases shall be made upon submission of another accomplished application form and
corresponding assessment/billing statement from the school.
Acknowledgment Receipt of Application Form shall be recognized by the school which shall serve as proof of loan
availment by member-borrower.
Validation by the SSS may be done to ensure the continuous schooling of the member/beneficiary.
VII. REPAYMENT TERMS
Degree Course - The term is up to five (5) years and loan payment shall start after 18 months for semestral courses,
15 months for trimestral courses or 14 months & 15 days for quarter term courses from the scheduled last release
date or from the date of last release for those who will not avail of the subsequent releases.
I.
Vocational/Technical Course - The term is up to three (3) years and loan payment shall start after 18 months for
semestral courses or 15 months for trimestral courses from the scheduled last release date or from the date of last
release for those who will not avail of the subsequent releases.
Any unpaid educational assistance loan shall be deducted from the future benefit of the member.
VIII. ELIGIBLE SCHOOLS
The school must be accredited by the Commission on Higher Education for degree courses and Technical Education
and Skills Development Authority for vocational/technical courses.
IX. OTHER CONDITIONS
1. SSS number shall be issued to a non-member beneficiary for the purpose of tracking him when he is employed in
the event of delinquency by the member-borrower.
2. The SSS reserves the right to require additional documents as deemed necessary.
3. All semestral/trimestral/quarter term releases shall be consolidated at the end of one-year grace period after
completion of the course or date of last release including the accrued interests from the actual dates of releases
up to the date of consolidation. The consolidated amount shall be the principal loan to be amortized over the
preferred term.
"R.A.3765, OTHERWISE KNOWN AS ""TRUTH IN LENDING ACT""
A DISCLOSURE STATEMENT ON LOAN TRANSACTION SHALL BE ISSUED BY SSS TO THE MEMBERBORROWER UPON RECEIPT OF HIS/HER LOAN APPLICATION."
