SSS Circular No. 004-13

April 12, 2013

SSS CIRCULAR NO. 004-13

TO	:	All SSS Members

SUBJECT	:	Amendments to the Terms and Conditions of the SSS Educational Assistance Loan Program

Pursuant to Social Security Commission Resolution No. 258, s. 2013 dated 05 April 2013, the following amendments to the terms and conditions of the SSS Educational Assistance Loan Program (Educ-Assist) are hereby issued:

A.	Eligibility Requirements

Particulars		From	To

1.	Required Number of	At least thirty-six (36)	At least twelve (12) posted
	Contributions	monthly contributions,	monthly contributions with
		three (3) of which should	at least one (1) contribution
		be within the last twelve	within the last three (3)
		(12) months prior to the	months prior to date of
		date of application for	application for loan. If
		loan	without one (1) contribution
			for the last three (3) months,
			member shall pay and
			present proof of payment.

2.	Required Monthly Salary	Members whose last	Member-borrower whose
	Credit (MSC)	posted MSC is	last posted MSC is
		Php15,000 or below	Php15,000 or below
		provided that his actual	provided that his/her actual
		basic salary is not more	basic salary is not more
		than Php15,000 per	than Php25,000 per month
		month

			Member-borrower who falls
			under the MSC of Php15,000
			or has an actual monthly basic
			salary of not more than
			Php25,000, must present proof
			of actual monthly salary/income
			of not more than Php25,000:

			-	pay slip or pay
				envelope or
				employer's
				certification, if
				employed; or

			-	latest Income Tax
				Return (received by
				the BIR) or affidavit of
				income, if self-
				employed/voluntary
				paying

			If the member-borrower
			cannot show proof of basic
			monthly salary/income of not
			more than Php25,000 only,
			his application for the
			Program shall be rejected.

B.	Amount of Loan

Particulars		From	To

1.	Degree Course	Maximum of Php15,000	Maximum of Php20,000 per
		per semester/trimester or	semester/trimester or actual
		actual tuition/miscellaneous	tuition/miscellaneous fees,
		fees, whichever is lower;	whichever is lower; rounded
		rounded off to the next	off to the next higher
		higher Php100.	Php100.

2.	Vocational/Technical	Maximum of Php7,500	Maximum of Php10,000 per
	Course	per semester/trimester or	semester/trimester or actual
		actual amount of the	amount of tuition/
		tuition/miscellaneous	miscellaneous fees,
		fees, whichever is lower,	whichever is lower, rounded
		rounded off the next	off to the next higher
		higher Php100.	Php100.

3.	Number of Availments	A member-borrower shall	A member-borrower shall be
		be allowed to avail only	allowed to avail only once to
		once to defray	defray educational
		educational expenses.	expenses. However,
		No substitution of	married members are
		beneficiary shall be	allowed to avail up to two (2)
		allowed.	beneficiaries who shall be
			any of the following:

				member himself/herself

				his/her spouse

				his/her children
				(legitimate or illegitimate)

			No substitution of beneficiary
			shall be allowed.

C.	Release of Check

From		To

	The check shall be payable to	The check shall be payable to
	school and shall be released to	school and shall be released to
	the member/beneficiary.	the member/beneficiary.

		Acknowledgment Receipt of
		Application Form should be
		recognized by the school which shall
		serve as proof of loan availment by
		member.

All other terms and conditions of the said Program not inconsistent with this Circular shall continue to be implemented.

Please be guided accordingly.

(SGD.) EMILIO S. DE QUIROS, JR.
President and CEO
Social Security System