The maximum full allocation for a 4-year degree course under the SSS Educational Assistance Loan Program (EALP) is Php160,000. This amount can be availed over a maximum of 8 semesters, 12 trimesters, or 16 quarters, with a maximum loanable amount of Php20,000 per academic term or the net tuition/miscellaneous fees/assessment balance on a cash basis, whichever is lower
. In summary:
- Maximum loan per semester/trimester/quarter: Php20,000 or actual tuition/fees balance, whichever is lower
- Maximum number of availments for a 4-year degree: 8 semesters / 12 trimesters / 16 quarters
- Maximum total loan allocation for a 4-year degree: Php160,000
This loan is paid directly to the school based on the student's statement of account and repayment starts typically 18 months after graduation, with a repayment period of up to 5 years
