The Study Now Pay Later Program (SNPLP) is a financial assistance initiative of the CHED that helps eligible Filipino students pursue a college education. It provides educational funding that can be repaid after graduation under the program’s terms.
The program is designed to ease the financial burden on students and their families while encouraging more Filipinos to complete their college degrees. Through this support, Students approved under the Study Now Pay Later Program (SNPLP) may receive a loan of up to ₱20,000 per semester to help cover tuition and other school fees.
Also Read: How to Apply CHED Full and Half Merit Scholarship Program under StuFAPs
NOTE: Application Update: Study Now Pay Later Program (SNPLP) for AY 2026–2027 is not yet open. Applicants should prepare the required documents in advance and wait for CHED’s official announcement regarding the application period.
Benefits
- Provides financial assistance to qualified Filipino college students who need support for their educational expenses.
- Covers tuition fees and other miscellaneous school fees based on the actual cost, up to ₱20,000 per semester.
- Helps students continue their studies without needing to pay the full cost of education immediately.
- Reduces the financial burden on families by offering a loan-based assistance option for higher education.
- Allows beneficiaries to focus on completing their degree before repayment obligations begin, based on the program’s guidelines.
Qualifications
To apply and avail of the CHED Study Now Pay Later Plan (SNPLP) program, interested student applicants or borrowers must meet the following qualifications:
The program is built for Filipino students who need support but may not fit the usual scholarship mold. To qualify, an applicant must:
- Be a Filipino citizen
- Be 30 years old or below
- Be enrolled in any year level of a CHED-recognized degree program
- Have good moral character
- Not be receiving financial assistance from any other government program
A co-borrower or a member of GSIS or SSS who acted as the co-debtor of the student applicant or borrower shall meet the following qualifications:
- He/she must not be more than 50 years old.
- He/she must be a bonafide member of GSIS or SSS and in good standing, as evidenced by a Certificate of Employment and Compensation from his/her employer.
Requirements
Below are the documentary requirements each applicant or borrower must provide before submission of the application.
- Completed StuFAPs application form (OSS Form 01)
- Birth certificate
- Admission slip or enrollment form
- NCAE certificate (for incoming college students)
- Form 138 or a certified true copy of grades from the previous semester
- Certificate of Good Moral Character
- Parents’ or guardians’ latest ITR or Certificate of Exemption
- Co-borrower’s Certificate of Employment, BIR Form 2316 or ITR, and GSIS/SSS ID
- TIN, GSIS, or SSS number of the student for future tracking
Below are the requirements for payment of educational loan or financial assistance.
- Payment of CHEDRO to Student borrower
- Requirements for Initial Payment
- Notice of Award (NOA) and Acceptance
- The notarized contract between CHED and the student borrower
- Enrollment Registration Form and proof of payment
- Requirements for Succeeding Payment
- Enrollment Registration Form and proof of payment
- Proof or rating/grades for the preceding semester.
- Updated information of the Co-borrower.
CHED Priority Courses
Here is a list of the CHED-recognized programs/priority courses in CHED-identified public or private HEIs:
Science
- Physics/Applied Physics
- Biochemistry
- Biology
- Botany
- Chemistry
- Meteorology
- Doctor of Dental Medicine
- Criminology
- Forensic Sciences
- Industrial Security Administration
- Geology
- Human Biology
- Molecular Biology and Biotechnology
- Marine Biology
- Marine Science
- Environmental Science
- Disaster Risk Management/Climate Change
- Zoology
Technology
- Civil Technology
- Mechatronics Engineering Technology
- Electronics Technology
- Mechanical Technology
- Electrical Technology
- Industrial Technology
- Engineering Technology
- Cyber Security
- Information Technology
- Computer Science
- Information System
- Library and Information Science
- Entertainment and Multimedia Computing
- Automotive Technology
- Aviation Technology
Engineering
- Agricultural and Biosystems Engineering
- Architecture
- Ceramic Engineering
- Chemical Engineering
- Civil Engineering
- Computer Engineering
- Electrical Engineering
- Electronics Engineering/Electronics and Communications Engineering
- Food Engineering
- Geodetic Engineering
- Industrial Engineering
- Manufacturing/Production Engineering
- Marine Engineering
- Marine Transportation
- Materials Engineering
- Mechanical Engineering
- Mechatronics Engineering
- Metallurgical Engineering
- Mining Engineering
- Petroleum Engineering
- Robotics Engineering
- Sanitary Engineering
- Structural Engineering
Agriculture, Forestry, Fisheries
- Agriculture Technology
- Agriculture and its hybrid programs
- Agro-Forestry
- Animal Husbandry
- Animal Science
- Doctor of Veterinary Medicine
- Fisheries
- Food Technology/Science
- Forestry
- Horticulture
Mathematics
- Statistics/Applied Statistics
- Math/Applied Math
Other Priority Courses
- Business Administration with Specialization/Major/Track in Business Analytics
- Business Administration with Specialization/Major/Track in Business Processing Outsource
- Hospitality Management/Hotel and Restaurant Management
- Tourism/Travel Management
Loanable Amount, Interest, and Mode of Repayment
Student borrowers can loan up to Php 20,000 to cover their tuition and other miscellaneous fee but shall not exceed the said amount per semester. A four percent (4%) simple interest rate per annum will commence after two (2) years of graduation. In any case that the student borrower did not complete his/her degree or program, the 4% simple interest rate per annum shall take place two (2) years after he/she last benefits of the program. The formula to compute the simple interest method is:
Interest = Principal x Interest rate (4%) x Term of Payment
The mode of repayment is given free of interest within two years. When repayment is on an installment basis, borrowers can pay either in cash, manager’s check, postal money order (PMO), or deposit through CHED-LBP (Land Bank of the Philippines) account specifically for repayment of student loan program. Amortization or repayment period is within five (5) years excluding the two (2) years grace period. The formula for repayment is:
Repayment = Principal + Accrued Applicable Interest
There are also penalties and surcharges for payments made beyond the 5 years. A two percent (2%) additional interest per annum and a two percent (2%) surcharge of the total balance is added.
Important Reminders
Here are some of the important reminders that student-borrow should bear in mind when they availed of the student loan program.
- The student borrower shall carry a full load of academic subjects for each semester as determined by the chosen degree/program.
- Deferment of enrollment is allowed for one (1) academic year or two (2) semesters only for meritorious reasons such as health conditions, security, and force majeure reasons.
- He/she shall maintain a satisfactory academic performance on his/her chosen degree or program and shall complete the program/course within the duration of the program/degree.
- He/she may carry an overload of one (1) subject when authorized by the college dean or authorized school official.
- He/she may enroll in a summer class provided that he/she will shoulder the expenses of the actual tuition and other miscellaneous fees of the summer class.
- He/she is required to enroll and finish NSTP and PE subjects within the duration of the program or course.
Video: How to Avail CHED’s Study Now Pay Later Plan Program
This video will give you some insights and helpful information about the CHED’s Study Now Pay Later Plan Program on how to apply and apply for this student loan program initiative for Filipino students. The qualifications and prerequisites for the student loan program were also discussed in the video and who can avail of the student loan during an interview with Atty. Julito Vitriolo.
Further, he discusses how this student loan program initiative works. Hence, this video is very informative to any Filipino student who wishes to avail of the Study Now Pay Later Plan program of the Commission on Higher Education. Thus, it is recommended for you watch this video to further know more about the student loan program and how to avail of this program.
If you want to know more about CHED’s Study Now Pay Later Plan program, you can read the CHED Memorandum Order No. 16, Series of 2011 here – https://ched.gov.ph/wp-content/uploads/2017/10/CMO-No.16-s2011.pdf and visit CHED’s official website here – https://ched.gov.ph/forms/ to access the StuFAPs application form.
Frequently Asked Questions
Please check out the following FAQs about the CHED SNPLP program:
1. Who are qualified to apply for the CHED Study Now Pay Later Plan program student loan?
Filipino citizen students are qualified to apply for the CHED Study Now Pay Later Plan as long as they can meet the other qualifications provided and can complete and secure all the requirements and documents required.
2. What are documents required to be attached along with the application form for the Study Now Pay Later Plan program of CHED?
Student applicants shall accomplish a StuFAPs application form. They are also required to provide a copy of their Birth Certificate, admission slip, or enrollment form from the school, a National Career Assessment Examination (NCAE) Certificate for incoming college students, a Form 138 for incoming college students, and a Certified True Copy of Grades during the previous semester attended, for those who have earned units in college, a Certificate of Good Moral from previous high school given by a principal or guidance counselor, a latest BIR Form 2316 (Withholding Tax Certificate) or ITR of Co-borrower, a photocopy of GSIS or SSS Identification Card of Co-borrower, and a TIN, GSIS, or SSS No. of student applicant for purpose of future tracking of the student borrower.
3. Where should I submit my student loan application?
You must submit your student loan application to the nearest CHED Regional Office of your chosen higher education institution along with the documents required to be attached to your application form.
4. Is there a required maintaining grade or general weighted average for the Study Now Pay Later Plan of CHED?
The Study Now Pay Later Plan (SNPLP) of CHED is a student loan program for any Filipino citizen with no maintaining grade or general weighted average. Student borrowers shall only maintain a satisfactory academic performance to continuously benefit from the student loan program.
5. What are the terms and conditions of the student loan program CHED?
Student borrowers shall carry a full load of subjects and units per semester as prescribed by his/her chosen degree or course. He/she is also required to complete NSTP and PE subjects within the duration of the course. He/she may enroll in a summer class provided that he/she will shoulder the expenses of the actual tuition and other miscellaneous fees of the summer class.
They shall also maintain a satisfactory academic performance on his/her chosen degree or program and shall complete the program/course within the duration of the program/degree. He/she may carry an overload of one (1) subject when authorized by the college dean or authorized school official and deferment of enrollment is allowed for one (1) academic year or two (2) semesters only for meritorious reasons such as health conditions, security, and force majeure reasons.
6. How long is the repayment period for the student loan program?
The repayment period for the student loan is five (5) years excluding the two-year (2) grace period allotted for student borrowers.
7. How much is the financial benefit I can receive from the Study Now Pay Later Plan of CHED?
Student borrowers shall receive a loanable amount up to Php 20,000 only or the actual cost of their tuition and other miscellaneous fees but shall not exceed the stated loanable amount.
8. What are the qualifications for student applicants or borrowers?
Student applicants for the loan program must be Filipino citizens and shall not exceed the age limit of 30 years old. They shall be enrolled in any curricular year level in any of CHED-recognized degrees/programs. You can check out the list of CHED priority courses mentioned in this article. They shall be of good moral character and is not a beneficiary or recipient of any financial assistance programs of the government. Lastly, there is no income limit but priority is given to students whose parents have a combined annual gross income of Php 300,000 or less.
Summary
In conclusion, the Study Now Pay Later Plan of CHED is a student loan program intended for Filipino citizens not exceeding 30 years old to apply. This program is intended for anyone who wishes to continue and support their studies without any maintaining grade or general weighted average. They just have to secure all the documents required and submit them to the nearest CHED Regional Office.
Additionally, they must enroll in a CHED-recognized program or priority courses to qualify for the student loan program. The repayment for the loan is 5 years excluding the 2-year grace period. Hence, this student loan program aims to aid students with their studies financially for them to focus on their studies and pay for the loan after they have graduated. The loan payable is free of interest within the 2-year grace period. Hence, this is a good deal for anyone who would like to avail of the student loan because there is no maintaining grade or average.