Security Bank Foundation Scholarship 2023 Are Open Apply NOW

Are you a Senior High School graduate with outstanding academic and co-curricular achievements and still looking for a scholarship to  fund your college education? Maybe you’re the person they’re looking for! Apply for a Security Bank scholarship now!

Note: Read this Post to the end carefully to get to know about The Application Process, Eligibility, Scholarship Program Requirements and Application Form.

WHAT IS THE SCHOLARSHIP PROGRAM OF THE SECURITY BANK FOUNDATION?

The Security Bank Foundation Scholars for Better Communities Scholarship Program is to provide educational assistance to deserving but underprivileged students attending Security Bank Foundation partner schools. The scholarship is funded by the Security Bank Foundation, and partner schools help in the screening and selection of applicants, as well as monitoring the scholars’ performance.

WHAT ARE THE ELIGIBILITY REQUIREMENTS?

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

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.

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.

WHAT ARE THE ELIGIBLE COURSES THAT ARE QUALIFIED FOR THE SCHOLARSHIP?

Scholarship slots shall be offered to college students taking up courses directly supporting bank operations including:

1. Accountancy
2. Accounting Information System/ Technology,
3. Internal Auditing
4. Marketing
5. Financial Management
6. Industrial Engineering
7. Management Engineering
8. Applied Mathematics
9. Business Analytics/ Statistics
10. Data Science
11. Computer Science/ Technology
12. Information Systems/ Technology

WHAT ARE THE SECURITY BANK FOUNDATION’S PARTNER SCHOOLS?

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

SCREENING AND SELECTION PROCESS

• Only applications submitted online will be screened by Security Bank Foundation’s Scholarship Officer.
• Valid applications are endorsed by Security Bank Foundation to respective scholarship coordinators of our partner schools/universities.
• Security Bank Foundation may validate the data indicated in the application through mobile phone call and email.
• Applicants who passed the first level review will proceed to the online interview.
• Admitted applicants will be notified through mobile phone call and email. Applicants should ensure active contact information stated in the online application form.
• Newly admitted scholars will sign a scholarship contract to confirm their admission.

SCHOLARSHIP ADMISSION TIMELINE 2023

• July 16 to 31: 1st Level Review (SBFI)
• August 1 to 15: 2nd Level Review (Partner School)
• August 16 to 30: Online Interview
• September 1 to September 15: Final Assessment
• 4th week of September or prior:  Announcement of Newly Admitted Scholars

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).

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

Note: Always refer to the official Website before Applying For your Scholarship.

APPLICATION REQUIREMENTS

1. Online Application Form
    Application Form
2. Latest Grade 12 Report Card with GWA (Preferably, up to the first term or the second grading)
3. Parents or Guardians’ Latest Income Tax Return / Parents or Guardians’ Certificate of Indigency
4. Proof of Application for Admission in any of the 8 Partner School
5. Birth Certificate
6. Portrait Photo or 2 x 2 (white background)

APPLICATION PERIOD

For Academic Year (AY) 2023 – 2023:

• Opening of Applications: May 16, 2023
• Deadline of Applications: July 15, 2023

Applicants are online, click Here External Scholarship Program | Security Bank Philippines to apply.