Financial Aid

Enderun's campus facilities feature hotel-quality appointments and integrated cutting-edge learning technologies that are in a class of their own.

Enderun Colleges provides students, who do not have the financial means to support their education, with the opportunity to avail of its international-caliber degree programs through its Work- Study and "Study Now Pay Later" Programs.

I. Study Now Pay Later (SNPL)

Background

Enderun is willing to invest on highly motivated students with leadership potential, excellent academic standing and with good prospects of succeeding in their chosen careers. The Study Now Pay Later (SNPL) program was created to financially aid deserving students who cannot afford to immediately pay the full tuition at Enderun. An SNPL loan of up to 50% of tuition may be applied upon enrollment which is payable after graduation with a spread of up to 8 years from first enrollment (maximum of 4 years in school and 4 years after graduation). A semiannual interest rate of 2.5% commencing on the date of the student's availment of the SNPL loan shall be applied (interest rate may vary each year upon renewal of the contract). The student will have the option to pay the total or partial amount of the SNPL loan while studying at Enderun. The student on SNPL program may also choose to pay off the loan partially through the Work Study program (see "Work Study" for further details).

Criteria To Qualify

SNPL beneficiaries must possess the following:

  • proof of financial need (ITR and Statement of Assets and Liabilities)
  • must be a permanent resident of the Philippines
  • excellent academic standing

Conditions to Maintain the Financial Aid

The financial aid will be reviewed every year, up to four years. Annual review will determine continuation, pre-termination or re-scheduling/change in conditions of the financial aid. Noncompliance with the financial aid standards will mean forfeiture of the benefit:

  • must comply with Enderun policies or regulations and Code of Discipline
  • must behave like an Enderun ambassador in compliance with the Code at all times
  • Behavior unbecoming of a scholar may result to immediate forfeiture of the financial aid
  • must maintain a cumulative Grade Point Average (GPA) of 3.0 or higher
  • must not have a grade lower than 3.0 in any subject
  • must be a full-time undergraduate student of Enderun Colleges (no under load)

All financial aid terms and conditions are subject to change with prior notice.

Application Process for Incoming Freshmen

The Financial Aid application forms can be obtained online or from the Admissions Executive. Completed application forms are to be submitted with requirements: essay on "Why I need financial aid" (300 words or less), two (2) academic references from high school teacher and guidance counselor, one (1) 2x2 photo, and parents' ITR.

Application and complete supporting documents must be submitted to our Admissions Executive on or before 16 January 2015.

An interview may be requested by the Scholarship Committee as part of the approval process.

Application Process for Incoming Sophomores and Juniors

The Financial Aid application forms can be obtained from Ms. Shyrene Guno of the Academic Support office. Please submit application form, an essay "Why I need Financial Aid" (approximately 300 words), two letters of recommendation from faculty, two letters from student peers, one letter from the Student Services office, one (1) latest 2x2 photo, and parents' ITR.

Applications and complete supporting documents must be submitted to the Scholarship Committee on or before 16 April 2015 at 5pm.

Interview

The Scholarship Committee may request an interview as part of the approval process.

Announcement of SNPL Approval

For incoming freshmen, the SNPL approval may be announced upon acceptance into Enderun Colleges. All qualified applicants will be notified.

II. Work Study Program

Background

The Work Study program is designed to financially aid students in partially paying their tuition while giving them the opportunity to gain valuable experience though the various student jobs available around campus. The Work Study program usually allows a tuition deduction of up to PhP25,000 per semester for 180 hours of service rendered within the same period (equivalent to about 10 hours a week). Areas where a student may be assigned are the front office, food and beverage service, banquet service, cafeteria, student services, peer tutorials, faculty assistance, career development and admissions.

Criteria to Qualify

The Work Study program is limited to qualified students who need financial aid. Those who qualify for the SNPL program may also avail of the Work Study program but, the PhP25,000 per semester is deducted from their loan instead of tuition.

Conditions to Maintain Financial Aid

The financial aid is renewable every year, for up to 4 years. Non-compliance with the financial aid standards will mean forfeiture of the benefit:

  • must comply with Enderun policies or regulations and Code of Discipline
  • must behave like an Enderun ambassador in compliance with the Code at all times.
  • Behavior unbecoming of a scholar may result to immediate forfeiture of the scholarship grant
  • must maintain a cumulative Grade Point Average (GPA) of 3.00 or higher
  • must not have a grade lower than 3.0 in any subject
  • must be a full-time undergraduate student of Enderun Colleges (no under load)
  • must render 180 hours of service in the assigned work area(s) per semester

All financial aid terms and conditions are subject to change with prior notice.

Application Process for Incoming Freshmen

The Financial Aid application forms can be obtained online or from one of our Admissions Executives. Completed application forms are to be submitted with requirements: essay on "Why I need financial aid" (300 words or less), two (2) academic references from high school teacher and guidance counselor, one (1) 2x2 photo, and parents' ITR.

Application and complete supporting documents must be submitted to the Admissions Executive on or before 16 January 2014.

An interview may be requested by the Scholarship Committee as part of the final selection process.

III. SAEMAUL STUDIES WORK-STUDY GRANT

  1. The Department of Saemaul Studies shall offer a work-study grant for up to 5 enrolled students of the Bachelor of Science in Economics from June 2015 – November 2016. This is intended for students who have transferred from a different institution, shifted from a different course within Enderun or freshmen enrollees who are not eligible to apply or did not apply for the Saemaul Leadership Scholarship.

  2. Students with the following qualifications are eligible to apply:

    • Must be enrolled in the Bachelor of Science in Economics program;

    • Must have a semestral GPA of at least 2.50 from the semester prior to his/her application OR be within the top 50% of his/her batch from high school;

    • Must have no failing grade (4.00 or 5.00) from the semester prior to his/her application OR no failing grade from his/her final high school transcript.

  3. The applicants must go through the normal work-study application process through the Scholarship and Financial Aid Department. Below are the procedures:

    • Submit the work-study application with requirements

    • Obtain approval from the Department of Saemaul Studies

    • Obtain approval from the Scholarship Committee

    • Sign the work-study grant contract

  4. The Saemaul Studies work-study grant is equivalent to the work-study grant given by Enderun amounting to Php 25,000.

  5. The Working Scholars are required to render 180 hours of service to the Department of Saemaul Studies and they must comply with the guidelines as indicated in the work-study contract.

  6. The number of hours rendered by each Working Scholar shall be calculated at the end of each semester and submitted to the Scholarship & Financial Aid Department. No direct cash payment shall be made for services rendered by the Working Scholar. Remuneration shall be in the form of a tuition deduction which may be applied against the account of the Working Scholar concerned.

  7. If the Working Scholar has rendered services in excess of the required 180 hours at the end of the semester, there will be no additional amount to the Php25,000.00 tuition deduction. If the Working Scholar does not complete the 180 hours of service at the end of the semester, he/she will not be entitled to the full Php25,000.00 tuition deduction. Only the equivalent amount of the completed hours will be deducted to the next academic semester.

  8. Saemaul Work-Study Grant cannot be extended beyond the project end date in May 2017. This means the last semester we shall offer the grant would be in June 2016 so that tuition deduction can be made the following semester in November 2016.

IV. Survivors and Dependents Assistance (DEA)

Eligible dependents of veterans may avail of the Dependents' Educational Assistance from the United States Department of Veterans Affairs. Interested students may check the VA Website here: http://www.gibill.va.gov/post-911/other-programs/dea.html

To inquire about the aid programs, please contact: The Admissions Office admissions@enderuncolleges.com

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