The Security Bank Foundation Scholars for Better Communities Scholarship Program is a noble initiative designed to provide educational opportunities to underprivileged yet promising students enrolled in Security Bank Foundation partner schools. This scholarship program is not just about financial support; it's about creating a brighter future for the youth and strengthening communities. Let's delve into the program's key aspects and the incredible opportunities it offers to aspiring scholars.
 |
| Security Bank Scholarship |
Scholarship Package
The Security Bank Foundation Scholars program offers a comprehensive scholarship package that includes:
For Students in State Universities:
- Stipend: Scholars receive a monthly stipend of Php 10,000 for up to 10 school months.
- Tuition and Miscellaneous Fees: Thanks to the "Free Tuition Law," scholars in state universities enjoy waived tuition and miscellaneous fees.
For Students in Private Universities:
- Stipend: Scholars enrolled in private universities receive a monthly stipend of Php 5,000 for up to 10 school months.
- Tuition and Miscellaneous Fees: A maximum of Php 100,000 per year is allocated for covering tuition and miscellaneous fees.
It's important to note that the financial assistance is disbursed based on the actual number of months during which classes are conducted, ensuring efficient resource utilization.
Non-Monetary Scholarship Benefits
Beyond financial assistance, the Security Bank Foundation also provides scholars with non-monetary benefits, fostering holistic development. These include opportunities for:
- Internships: Scholars can gain valuable work experience through internships.
- Corporate Social Responsibility Activities: Involvement in meaningful CSR initiatives.
- Learning Sessions: Attendance at educational sessions offered by partner institutions.
Screening and Selection Process
The selection process for Security Bank Foundation Scholars is rigorous and fair. Here's how it works:
- Applications must be submitted online and are screened by Security Bank Foundation's Scholarship Officer.
- Valid applications are forwarded to scholarship coordinators at partner schools/universities.
- Data indicated in applications may be verified via phone calls and email.
- Successful applicants proceed to an online interview.
- Admitted scholars are notified via phone and email and must ensure active contact information.
Partner Schools
The program collaborates with eight esteemed partner schools in the National Capital Region (NCR):
- Ateneo De Manila University
- Chiang Kai Shek College
- De La Salle University – Manila
- Far Eastern University – Manila
- Pamantasan ng Lungsod ng Maynila
- Polytechnic University of the Philippines
- University of the Philippines – Diliman
- University of Santo Tomas
Terms and Conditions
To maintain eligibility and continue receiving support, scholars are expected to adhere to the following terms and conditions:
- The scholarship begins in the first year of the tertiary course and continues until graduation in the same course.
- Enrollment for at least the minimum required units/load per term is mandatory.
- Scholars must maintain a general weighted average of at least 86% and an 80% per subject grade by the end of each term.
Eligible Courses
Scholarship slots are specifically reserved for students pursuing courses directly related to bank operations. These include, but are not limited to:
- 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
Eligibility Criteria
To be eligible for the Security Bank Foundation Scholarship program, applicants must meet certain criteria:
- Must be a graduating Grade 12 student from a public or private school.
- Should have a latest General Weighted Average (GWA) of at least 90% or its equivalent.
- No parent must be currently employed/assigned at Security Bank.
- No other family member should be admitted to the scholarship within the second degree of consanguinity or affinity.
- Applicants should not have any existing scholarship, except for school-provided discounts.
- Enrolling in any of the eight partner schools in NCR is mandatory.
Requirements
For those interested in applying for the scholarship, the following requirements must be submitted:
For Application:
- Duly accomplished Online Application Form.
- Latest Grade 12 Report Card with Final General Weighted Average (or latest available quarter grading if the final GWA is not available).
- Latest Parent/Guardian's Income Tax Return (for employed)/Certificate of Indigency (for unemployed)/Copy of OFW Employment Contract with Compensation.
- Proof of Admission/Acceptance Letter from any of the 8 Partner Schools.
- Birth Certificate of the Scholar.
- Portrait Photo of the Scholar.
Security Bank Scholarship Application Video Guide
Application Period
For the academic year (AY) 2023 – 2024, the application period is as follows:
- Opening of Applications: May 2, 2023
- Deadline of Applications: July 15, 2023
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 Enrollment/Registration Form for the next school term.
- Report Card/Transcript of Records indicating the general weighted average for the previous school term.
- Assessment of fees.
- Updated grading system from the school or university.
- Reconsideration Letter (only if the scholar fails to meet the per subject grade requirement).
The Security Bank Foundation Scholars for Better Communities Scholarship Program not only offers financial assistance but also nurtures the potential of deserving students, fostering their growth as future leaders and contributors to society. By investing in education, Security Bank Foundation is building a stronger and more inclusive community for all.
For more information and to apply, please visit Security Bank Foundation's Scholarship.
