How To Avail SSS Educational Loan

Education is valued by most people, but it is often one of the hardest to sustain due to high-cost of tuition fees, miscellaneous fees etc. That is one of the reasons why it is so hard for some people to finish their studies.

Since education is the key in beating poverty, many government projects aim to support it through different grants and scholarship programs. For Social Security members, they have the option to apply for an educational loan which they can use to assist them.

Who can benefit from SSS educational loan?

1.Member-borrower, legal spouse, child of SSS member (including illegitimate) and sibling of unmarried SSS member (including half-brother/sister).

For member-borrowers who are married, they are allowed to avail up to two beneficiaries who may include; member-borrower, his/her spouse or his/her children (legitimate or illegitimate). No substitution of beneficiary shall be allowed.

To be eligible for the SSS Educational loan, the member-borrower should fit the following requirements:

1.Must be currently employed, currently contributing self-employed or voluntary member
2.Must have at least twelve posted monthly contributions with at least one contribution within the last three months prior to the date of the loan application. If without one contribution for the last three months, he/she should pay and present proof of payment.
3.Must have posted Monthly Salary Credit (MSC) of Php 15,000 or below, provided that the actual monthly basic salary or income is not more than Php25,000.
4.Must be up to date in payment of salary/housing loan amortization if any. If there is an overdue amount, it must not exceed three monthly loan amortization

How much can you loan?

For DEGREE COURSE, one can loan a maximum of Php 20,000 per semester/trimester/quarter term or actual tuition/miscellaneous fee, whichever is lower rounded off to the next higher Php 100.

For VOCATIONAL/TECHNICAL COURSE (minimum of 2 years), maximum of Php10,000 per semester/trimester or actual amount of tuition/miscellaneous fees, whichever is lower rounded off to the next higher Php100.

The loaned amount shall bear an interest of 0% for the National Government portion and 6% per annum for the SSS portion based on diminishing principal balance until paid. Unpaid amortization shall be penalized with 1% interest per month.


1.SSS ID or two valid IDS of member-borrower
2.Accomplished application form
3.Assessment/Billing statement issued by the school
4.Proof of monthly salary/income, pay slip or pay envelope or employer’s certification (For employed)
5.Income Tax Return or Affidavit of income (For self-employed/voluntary paying)

If a member-borrower availed a Degree course, the term is up to five years and loan repayment shall start after 18 months for semestral courses, 15 months for trimestral courses or 14 months & 15 days for quarter term courses from the scheduled last release date or from the date of last release for those who will not avail of the subsequent release.

If a member-borrower availed Vocational/Technical Course, the term is up to three (3) years and loan payment shall start after 18 months for semestral courses or 15 months for trimestral courses from the scheduled last release date or from the date of last release for those who will not avail of the subsequent releases.

Take note that the school must be accredited by CHED for degree courses and TESDA for vocational/technical courses.