The SSS Educational Assistance Loan Program (EALP) is designed to help SSS members and their beneficiaries finance their education. While the SSS does not currently offer a fully online application process for educational loans, you can prepare and submit your application digitally by following these steps:
Step 1: Check Eligibility
Before applying, ensure you meet the following criteria:
- Member-Borrower:
- Must be under 60 years old.
- Must have at least 36 monthly contributions, with 6 contributions in the last 12 months.
- Must have a monthly income of PHP 25,000 or less.
- Must be updated on all SSS loan payments (e.g., salary, housing loans).
- Beneficiary:
- Can be the member, their legal spouse, children (legitimate or illegitimate), or siblings (if the member is single).
Step 2: Prepare Required Documents
Gather the following documents:
- SSS ID or two valid government-issued IDs.
- Accomplished EALP Application Form (downloadable from the SSS website).
- School Assessment/Billing Statement showing tuition and miscellaneous fees.
- Proof of Income: Payslip, employer’s certification, or Income Tax Return (ITR).
- Proof of Relationship: Birth certificate, marriage certificate, or other legal documents (if applying for a beneficiary).
Step 3: Download and Fill Out the Application Form
- Download the EALP Application Form from the SSS website: SSS EALP Form.
- Fill out the form completely, including:
- Personal information (member and beneficiary).
- Loan details (amount, purpose, and repayment terms).
- Certification and agreement sections.
Step 4: Submit the Application
- Visit the Nearest SSS Branch: Bring the completed application form and supporting documents to your nearest SSS branch.
- Wait for Approval: SSS will evaluate your application and notify you via email or SMS once approved.
Step 5: Claim the Loan
- If approved, you will receive a check or disbursement notice.
- The loan amount will be directly paid to the school or deposited into your account, depending on the arrangement.
Loan Details
- Loan Amount:
- Degree Courses: Up to PHP 20,000 per semester/trimester/quarter.
- Vocational/Technical Courses: Up to PHP 10,000 per semester/trimester.
- Interest Rate:
- Government Portion: 0% interest.
- SSS Portion: 6% annual interest.
- Repayment Terms:
- Degree Courses: Up to 5 years, starting 18 months after the last loan release.
- Vocational/Technical Courses: Up to 3 years, starting 18 months after the last loan release.
Important Reminders
- Ensure all documents are complete and accurate to avoid delays.
- Notify SSS of any changes in your contact information.
- Repay the loan on time to avoid penalties and maintain good standing.
For more details, visit the SSS website or contact their customer service hotline at 1455. Let me know if you need further assistance!
