The Student Loan Program, in cooperation with AMA Bank,
is financing an arrangement whereby parents of qualified AMA
students can cumulatively draw up to a maximum of ninety percent
of the school fees from a loan facility for every school period
until the student graduates.
An applicant must be a parent or legal guardian of a qualified,
regular student of any AMA Education System school.
Maximum Loanable Amount
An applicant, subject to the schedule of loan availed and
depending on the course of study, can draw up to a cumulative
amount as follows:
Engineering Courses - PhP300,000
Non-Engineering Courses - PhP250,000
Depending on the student’s year level, the maximum
term of payment is a total of ten (10) years from the time
of the first loan availment.
The loan payment shall be made through postdated checks and
renewable every school period while still on study and every
year after graduation.
In case the student-grantee stops for any reason, the portion
of the loan (inclusive of interest) until his last day of
attendance shall be immediately due and demandable.
Any loan grantee who drops out or defer his study at any
AMA school branch shall pay all his outstanding loan balance
plus all accrued interest from the date of drop-out or deferment.
Required Documents/Forms
- Original Fully Accomplished Application for Financial
Aid
- Colored 2x2 Identification Photographs of Applicants and
Parents/Legal Guardians/Spouse (with printed name and signature)
- Authorization addressed to bank/creditor for credit verification
- Original copy of Certificate of Employment from current
employer indicating: compensation and length of service
- Photocopy of current year’s Income Tax Return (ITR)
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