CHED Study Now Pay Later Plan: How to Apply

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The CHED Study Now Pay Later Plan (SNPLP) is a financial assistance program designed by the Commission on Higher Education (CHED) to support eligible Filipino students in pursuing higher education despite financial constraints.

This initiative allows students to focus on their studies without the immediate burden of tuition fees, as repayment begins only after graduation and employment.

This comprehensive guide covers all key details, including eligibility requirements, benefits, application procedures, and important documents needed to apply for the CHED Study Now Pay Later Plan.

CHED Study Now Pay Later Plan (SNPLP)

The CHED Study Now Pay Later Plan (SNPLP) is a loan program under CHED’s Student Financial Assistance Programs (StuFAPs). It provides students with the opportunity to continue and complete their college education through financial aid, which they can repay once they secure employment. Unlike traditional scholarships, this program does not require maintaining a specific grade point average, making it accessible to more students.

Benefits of CHED Study Now Pay Later Plan

Eligible students under this program can receive a loan amount equivalent to their actual tuition and miscellaneous fees, with a maximum limit of Php 20,000 per semester.

This financial assistance can significantly ease the burden of educational expenses and allow students to focus on their academic pursuits.

Eligibility Criteria

To qualify for the CHED Study Now Pay Later Plan, applicants must meet the following criteria:

• Must be a Filipino citizen.
• Must be 30 years old or younger.
• Must be enrolled in any year level in a CHED-recognized degree program.
• While there is no strict income limit, priority is given to students whose parents have a combined annual gross income of Php 300,000 or less.
• Must possess good moral character.
• Must not be a recipient of any other government financial assistance program.
• Additionally, applicants are required to have a co-borrower who is a bona fide member of GSIS or SSS, meeting the following qualifications:
• Must be 50 years old or younger.
• Must be a member in good standing with GSIS or SSS.
• Must provide a Certificate of Employment and Compensation.

Required Documents

Applicants must prepare and submit the following documents:

• Duly accomplished StuFAPs application form (Download Here).
• Birth Certificate (NSO or PSA copy).
• Admission slip or enrollment form from the school.
• National Career Assessment Examination (NCAE) Certificate (for incoming college students).
• Form 138 (for freshmen) or Certified True Copy of Grades (for continuing students).
• Certificate of Good Moral Character from the previous school.
• Parents’ or guardians’ latest Income Tax Return (ITR) or Certificate of Exemption.
• Certificate of Employment of Co-borrower.
• BIR Form 2316 (Withholding Tax Certificate) or ITR of Co-borrower.
• Photocopy of GSIS or SSS Identification Card of Co-borrower.
• TIN, GSIS, or SSS number of the student applicant (for tracking purposes).

Step-by-Step Application Process

Visit the nearest CHED Regional Office (CHEDRO) in the region where your chosen university is located.

• Download and fill out the StuFAPs application form (OSS Form 01).
• Attach all required documents to your completed application form.
• Submit your application to CHEDRO.
• CHEDRO will review and evaluate all applications based on the eligibility criteria.
• Qualified applicants will be ranked, and CHEDRO will assign award numbers.
• Successful applicants will receive a Notice of Award (NOA).
• Applicants must accept the NOA within 30 days.
• CHEDRO will finalize and certify the master list of approved students for the Study Now Pay Later Plan.

For more details, applicants can refer to CHED Memorandum Order No. 16, Series of 2011 (Read Here).

Frequently Asked Questions

CHED Study Now Pay Later Plan is a valuable opportunity for Filipino students facing financial challenges. By understanding the eligibility requirements, application process, and benefits, aspiring scholars can take full advantage of this program and pursue their higher education without immediate financial worries.

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