Students Can Borrow Up to P15,000 Per Term in This Study Now, Pay Later Program

STI partnered with Landbank for a first-of-its-kind student loan scheme.

A student loan program offered by a bank and one of the largest networks of private schools in the country aims to help students and their parents cope with difficulties brought about by the coronavirus pandemic.


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STI Holdings Inc., which owns and operates the STI Education Services Group (STI ESG), launched a study now, pay later program in partnership with Landbank. STI ESG actually availed of the government financial institution’s Access to Academic Development to Empower the Masses towards Endless Opportunities (ACADEME) lending program, a scheme offered by the government to select academic institutions for the current school year. 

Under the scheme, incoming and existing college students and transferees can borrow up to P15,000 per term, which will be credited directly to their STI campus. The loan will cover tuition fee and students may pay for it within three years. 

STI said it would be able to extend a total assistance package worth up to P250 million, which will be intended solely for defraying the cost of tuition and other school fees for a given term. The school will also guarantee the loans and assume the three percent interest required by the program, making the loan payments from students interest-free. STI says it is the first school in the country to avail of this loan facility. 

“Almost 70 percent of our students are supported by overseas workers, who are being repatriated during this pandemic, and the Landbank’s facility provides the much-needed relief,” said STI Holdings President and CEO Monico V. Jacob in July. “This also shows how committed we are to the education of our youth, and we are happy to work with LANDBANK to make sure our youth’s future will continue to be bright and hopeful.” 


Landbank launched thew ACADEME program in May while STI Holdings announced its partnership with the bank in July in time for the the opening of the 2020-2021 school year. STI also issued a disclosure about the study now, pay later schedme in the Philippine Stock Exchange on Friday.

“Like most Filipinos, we value education and its power to transform lives and communities. Thus, with or without the pandemic, education is our priority and we remain committed to providing the best quality possible,” said STI Holdings President and CEO Monico V. Jacob.

In addition, STI said it has strengthened its partnerships with the Pag-IBIG Fund and the Government Service Insurance System, making available scholarship grants of up to 20 percent to qualified students. The school has also forged partnerships with telecommunications providers to ensure that students and faculty may proceed with their respective classes through the schools’ learning management systems via online and distance learning.


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“We are confident that our quick adaptation to the new normal of education will enable and empower our students to keep on learning,” Jacob said. “What’s important for us now, more than anything else, is to keep moving forward. After all, no matter the situation, learning shouldn’t stop.”

For more information on the Landbank-STI Student Loan program, please visit

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Paul John Caña
Associate Editor, Esquire Philippines
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