External Scholarship Program
by Security Bank Foundation, Inc.

Background

Security Bank Foundation Scholars for Better Communities Scholarship Program aims to provide educational assistance to underprivileged but deserving students studying in Security Bank Foundation partner schools. Security Bank Foundation funds the scholarship while partner schools help in the screening and selection of applicants as well as monitoring the performance of the scholars.

To apply for this scholarship, please click APPLY HERE

Eligibility Criteria
  1. Graduating Grade 12 student from public/private school
  2. Latest General Weighted Average (GWA) of at least 90% or its equivalent
  3. No parent currently employed/assigned in Security Bank
  4. No other family member currently admitted to the scholarship within second degree of consanguinity or affinity
  5. No other existing scholarship except for discounts provided by schools
  6. Must enroll in any of the 8 partner schools in NCR

Requirements (For all levels)

a. For Application:
  1. Duly accomplished Online Application Form
  2. Latest Grade 12 Report Card with Final General Weighted Average (up to latest available quarter grading, if no final GWA)
  3. Latest Parent/Guardian’s Income Tax Return (for employed) / Certificate of Indigency (for unemployed) / Copy of OFW Employment Contract with Compensation
  4. Proof of Admission / Acceptance Letter from any of the 8 Partner Schools
  5. Birth Certificate of Scholar
  6. Portrait Photo of Scholar
b. Upon admission to the scholarship program:
  1. Certificate of Enrollment / Registration Card for A.Y. 2023-2024
  2. Copy of Good Moral Certificate from the last school attended
  3. Copy of school calendar for A.Y. 2023-2024
  4. Copy of Security Bank Internal Account Number (IAN) from the branch of account
  5. Copy of School Grading System (if the school does not use percentage [%] for grading)
  6. Copy of Course/Program curriculum
  7. Copy of Parent/Guardian’s Government Issued ID (for notary)

Application Period

For Academic Year (AY) 2023 – 2024:
  • Opening of Applications: May 2, 2023
  • Deadline of Applications: June 30, 2023
To apply for this scholarship, please click APPLY HERE!

Scholarship Renewal

Scholars are required to renew their scholarship every school term (i.e. semester/trimester). The following documents must be submitted for renewal:
  • Online Renewal Form
  • Certificate of Enrolment/Registration Form for the next school term
  • Report Card/Transcript of Records indicating general weighted average for the previous school term
  • Assessment of fees
  • Updated grading system from school or university
  • Reconsideration Letter (only if the scholar fails to meet the per subject grade requirement)
Termination

A scholar may be terminated from the scholarship upon commission of any of the following grounds:
  • Failure to submit renewal requirements on the date of the deadline
  • Failure to meet general weighted average
  • Failing, incomplete, or dropped grade in both academic and non-academic subjects
  • Transferring to another school
  • Shifting to a non-eligible course
  • Deferment of enrolment in a school year (except for poor health)
  • Violation of school policies during the availment of the grant
  • Availment of another scholarship

Scholarship Package

Each scholar is entitled to the following benefits per academic year until he finishes his tertiary course.

State Universities

Stipend – Php 10,000 per month for maximum of 10 school months
Tuition and Miscellaneous Fees – No allotment due to “Free Tuition Law”

Private Universities

Stipend – Php 5,000 per month for maximum of 10 school months
Tuition and Miscellaneous Fees – Maximum of Php 100,000 per year

Note: Financial assistance will be released subject to the maximum amount per year and based on the actual number of months during which the classes are conducted and ongoing.

Non-Monetary Scholarship Benefits

Aside from providing financial assistance, SBFI also extends developmental activities through opportunities for internship, involvement in corporate social responsibility activities, and attendance to learning sessions provided by partner institutions.

Screening and Selection Process
  1. Only applications submitted online will be screened by Security Bank Foundation’s Scholarship Officer.
  2. Valid applications are endorsed by Security Bank Foundation to respective scholarship coordinators of our partner schools/universities.
  3. Security Bank Foundation may validate the data indicated in the application through mobile phone call and email.
  4. Applicants who passed the first level review will proceed to the online interview.
  5. Admitted applicants will be notified through mobile phone call and email. Applicants should ensure active contact information stated in the online application form.
  6. Newly admitted scholars will sign a scholarship contract to confirm their admission.
8 Partner Schools
  1. Ateneo De Manila University
  2. Chiang Kai Shek College
  3. De La Salle University – Manila
  4. Far Eastern University – Manila
  5. Pamantasan ng Lungsod ng Maynila
  6. Polytechnic University of the Philippines
  7. University of the Philippines – Diliman
  8. University of Santo Tomas
Terms and Conditions
  • The scholarship assistance commences on the first year of the tertiary course and continues until graduation from the same course.
  • The scholar must be enrolled for at least the minimum number of units/load required by the school for each school term.
  • Scholars are required to maintain at least 86% general weighted average and at least 80% per subject grade by the end of the term (semester/trimester).
Eligible Courses

Scholarship slots shall be offered to college students taking up courses directly supporting bank operations such as 
  • Accountancy, 
  • Accounting Information System/ Technology, 
  • Internal Auditing, 
  • Marketing, 
  • Financial Management, 
  • Industrial Engineering, 
  • Management Engineering, 
  • Applied Mathematics, 
  • Business Analytics/ Statistics, 
  • Data Science, 
  • Computer Science/ Technology, Information Systems/ Technology

To apply for this scholarship, please click APPLY HERE!

Source: Security Bank

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