Security Bank Scholarship 2024-2025 Application | Apply Now!

The Security Bank Foundation Scholarship program (SBFSP) is an initiative by Security Bank Foundation, Inc, (SBFI) in the Philippines aimed to provide financial assistance to deserving students.

The Program supports students in their college education, particularly in courses aligned with the banking and finance industry.

What is Security Bank Scholarship?

The Security Bank Scholarship is a college scholarship program offered by the Security Bank Foundation, Inc, in the Philippines. it is designed to provide financial assistance to academically deserving but financially disadvantaged students pursuing higher education.

The Program aims to help students achieve their educational goals, particularly in fields relevant to banking, finance and business.

Requirements to apply for the Scholarship

Following are the requirements to apply for the Security Bank Scholarship:

• Must be an incoming college freshman
• Must have a minimum Grade 12 general average of 90% or it’s equivalent.
• Must be in the top 20% of the graduating class.
• Must come from a family with an annual household income of PHP150,000 or below
• Proof of income is required:
  • Income Tax return, Certificate of Indigency or Pay slips.

Benefits form the Scholarship to the Applicants

Here are the list of Benefits offer by the Scholarship Program as follows:

Monetary Benefits:

For State Universities:

• Stipend of PHP 25,000 per half semester or PHP 100,000 Per Year where applicants will get directly form the School.
• Due to “Free Tuition Law” No allotment of Tuition fees and Miscellaneous fees.

For Private Universities:

• Stipend of PHP12,500/half-semester or PHP50,000/year (Stipend will be given directly form the school).
• PHP100,000 Tuition and Miscellaneous is a Maximum fees per Year.

Non-Monetary Scholarship Benefits:

Non-Monetary Scholarship benefits of the Security-Bank Scholarship:

• Scholars gain admission to some of the top universities in the Philippines, ensuring access to world-class education and resources.
• Scholarship can participate in internship program.

Note: These non-monetary benefits ensure that scholars are not only financially supported but also holistically prepared for personal and professional success.

Also Read: UniFAST Tertiary Education Subsidy

Priority courses for the Scholarship Program

Following are the list of Priority courses:

• Accountancy
• Internal Auditing
• Accounting information system/Technology
• information system
• Data Science
• Business Analytics or Statistics
• Applied Mathematics
• Management Engineering
• Industrial Engineering and
• Marketing and Financial Management.

Documentary requirements to apply for the Scholarship

Here are the list of Documentary requirements to apply for the Security Bank Scholarship :

• Completed Application Form
• Copy of Grade 12 report card or equivalent showing a (GWA) general average of at least 90%
• Certificate of being in the top 20% of the graduating class, if available.
• Acceptance letter or proof of enrollment form one of security Bank’s Partner Universities.
• Certificate of Good Moral Character issued by the applicant’s school.
• Valid Photocopy
  • School Id or
  • Government-issued ID.
• Copy of Parent’s or guardian’s Income Tax Return (ITR) or Certificate of Tax Exemption.
• For non-taxpayers, submit a Certificate of Indigency or an affidavit of family income signed by the barangay.
• Recent Pay-slips to verify income.
• Recent 2×2 ID photo of the applicant.

Application Deadline to apply for the Scholarship

The online Application for Security Bank Scholarship is open on June 1, 2024 and the Deadline to apply Scholarship is on June 30, 2024.

How to Apply for the Security Bank Scholarship Program

To Apply for the Security Bank Scholarship Program all the interested college students can apply by the link given securitybank.com/foundation/external-scholarship-program/

Screening and Selection Process

Here are the list of Screening and Selection process for Security Bank Scholarship:

• Initial Screening:
  • Submitted applications are reviewed to ensure all required documents are completed.
  • Incomplete or ineligible applications are disqualified at this stage.
• Evaluation of Academic and Financial Credentials.
• Shortlisting of Applicants:
  • Based on the initial screening and evaluation, a shortlist of qualified candidates is created for further assessment.
• Interview Process.
• Successful applicants are notified through email or phone.

FAQs: Frequently Asked Questions