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CHED Offers Study Now Pay Later Program For Students

One of the many challenges of parents and students is the very high cost of post-secondary or college education. In 2015, according to the Executive Director of CHED, Atty. Julito Vitriolo, the participation rate of students who enter college is only 26%. And in order to help the many students who cannot afford college education, the Commission on Higher Education is offering a loan where students could have the chance to study and pay later, about two years after finding an employment.

Qualified students can avail as much as Php 15,000 per annum or Php 7,500 per semester. Initially the student who plans to apply for the Study Now Pay Later Program or SNPLP has to choose the college first and seek admission, once admitted to the college or university an application can be made and submitted to the Regional Office of CHED.

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After finishing college, the terms of payment for the loan could be in lump-sum (no interest) or it could also be installment (subject to interest), and can be negotiated with CHED but interest should not be more than 6% per year.

“Any loan granted under the Section shall be paidby the student-debtor after he has finished thecourse or profession for which the proceeds of theloan was expended, but only after a period of two(2) years from the time he has acquired anemployment: provided, however, that interest at therate of not more than six percent (6) per annumshall accrue to the balance thereof”

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hereunder is the interpretation of the above subject by CHED Legal Service: 

1. The student is a debtor to CHED for the amount of loan that he or she availed of under the SNPLP Program. 

2. The loan should have been spent to enroll in a degree program or profession. 

3. The student should have graduated from the degree program enrolled in. 

4. The student-debtor is obliged to pay CHED the amount of loan availed of only two (2) years after acquiring an employment. If he/she has not acquired gainful employment, then the period of two (2) years does not even begin to run. 

5. The interest shall accrue only after the conditions mentioned in Nos. 1 to 4 above have been met, or actually exist. In this case, the period of repayment will actually commence even if the student is subsequently not able to sustain that job and becomes unemployed again. 

6. The student-debtor may pay directly to any CHED Regional Offices or to the CHED Central Office through the Office of Student Services 

WHAT ARE THE REQUIREMENTS TO APPLY FOR THE PROGRAM?  


1. Must be Filipino citizen.

2. Parents income must not exceed Php 300,000 per annum. 

3. Applicant should not be receiving any other government incentive like scholarship or other student loan.

4. Student must be entering college or is a college student. 


To apply for the Study Now Pay Later Program or SNPLP loan, students may submit their application to CHED’s Regional Office.

CHEDRO I

 ([email protected])

CHEDRO VIII 

([email protected])

MS. CHERRIE MELANIE ANCHETA -DIEGO DR, MAURA CONSOLACION D. CRISTOBAL
Director IV Director IV
Government Center, Brgy.Sevilla, City of San Fernando, La Union cor. Real St. and Calanipawan Rd., Sagkahan, Tacloban City
Telefax. (072) 242-2750 Telefax: (053) 325-8579
Tel. (072) 242-0238  242-5017 Smart (0998) 356-4335  Globe (0915) 776-4154
CHEDRO II

[email protected]

CHEDRO IX 

([email protected])

Dr. TEOTICIA C. TAGUIBAO DR. JUANITO R. DEMETRIO
Director IV Acting Director IV
Regional Development Center, Carig,Tuguegarao City, Cagayan Polytechnic Compound, Baliwasan Chico, Zamboanga City
Telefax: (078) 396-0651 Tel. (062) 991-76-48  991-7084     Fax. (062) 991-7649
CHEDRO III

 ([email protected])

CHEDRO X
DR. CARIDAD O. ABUAN, CESO III DR. ZENAIDA G. GERSANA, CESO III
Director IV Director IV
Regional Gov’t. Center, Maimpis, City of San Fernando, Pampanga Mon James Hayes St., Brgy. 40, Cagayan de Oro City 
Director’s Office: (045) 455-1662 Tel. (0882) 856-4380  /  271-1231
Technical: (045) 436-1846    Administrative: (045) 436-1847 Telefax. (0882) 272-4180
CHEDRO IV-A CHEDRO XI 

([email protected])

DR. EMMYLOU B. YANGA DR. RAUL C. ALVAREZ, JR., CESO III
Director IV Acting Director IV
2nd Flr., HEDC Bldg. C.P. Garcia Avenue, Diliman, Quezon City Loyola St., Bo. Obrero, Univ. of Southeastern Phil. Compound, Davao City
Tel. (02) 332-4734 Telefax. (082) 295-3418 / 282-4448
CHEDRO IV-B CHEDRO XII 

([email protected])

DR. VIRGINIA D. AKIATE, CESO III DR. MAXIMO C. ALJIBE, CESO III
Director IV Director IV
2nd Flr., HEDC Bldg. C.P. Garcia Avenue, Diliman, Quezon City Regional Center, Brgy. Carpenter Hill, Koronadal City
Tel.  (02) 386-4781 Tel. (083) 228-1127      Fax. (083) 228-1130
CHEDRO V 

([email protected])

CHEDRO NCR
DR. GEORGE M. COLORADO, CESE DR. LEONIDA S. CALAGUI, CESO III
Acting Director IV Director IV
CHEDRO Building, EM’s Barrio South, Brgy. 2, Legaspi City 2nd Flr., HEDC Bldg. C.P. Garcia Street, Diliman, Quezon City
Tel. (052) 481-5096      Fax. (052) 481-5095 Tel. 468-0213  /  441-0879  /  441-0985  /  441-1224  /  441-0453
CHEDRO VI 

([email protected])

CHEDRO CAR 

([email protected])

Dr. CESAR H. MEDINA, CESO V Dr. ROMULO H. MALVAR, FFCP, CESE
Director IV Officer-In-Charge, Office of the Director IV
#12 Washington St.,Jaro,Iloilo KM6 Cabanao, Balili, La Trinidad, Benguet
Telefax. (033) 320-6976  Tel. (033) 329-5955  /  508-8852 Tel. (074) 422-4052      Fax: (074) 422-2418
CHEDRO VII 

([email protected])

CHEDRO CARAGA

([email protected])

DR. FREDDIE T. BERNAL, CESO III DR. MARICAR R. CASQUEJO
Director IV Director IV
National Government Center, Sudlon, Lahug, Cebu City Caraga State University (CSU) Main Campus, Ampayon, Butuan City 
Tel.(032) 414-9195 / 414-9194  Telefax (085) 342-7765  /  342-5253 (Admin.)
 Tel. (085) 815.3699 / 815-3698

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