DOH - CAR OIC Regional Director Dr. Amelita Pangilinan reminds the public that as the Modified General Community Quarantine in Cordillera continues, all must stay vigilant and prioritize health and safety measures needed to protect themselves, their families and the communtiy from the COVID virus. CCD/PIA CAR)

Mr. Iori Kato from UNFPA and hospital staff of Santa Ana Hospital poses in front of triage tent for patients with COVID-19 symptoms donated by UNFPA supported by the Government of Australia to help the hospital with infection prevention and control.

Regional Development and Security. DA Secretary William Dar, in his capacity as the Cabinet Officer for Regional Development and Security (CORDS) for CAR, presided a joint meeting of the RTF - ELCAC and the RPOC at Baguio Country Club. Dar was joined by Baguio City Mayor Benjamin Magalong at the main table as the chairperson of the Cordillera Regional Peace and Order Council. (Carlito Dar/PIA CAR)

UNFPA representative meets with the Chief of OB GYNE and Head of WCPU from Batangas Medical Center where UNFPA provided emergency maternity tent facility, WCPU tent and COVID-19 triaging tent to make their services more accessible to mothers, women, young people and COVID-19 patients.

CORDS for CAR and DA Secretary William Dar with officials of the Cordillera Regional Development Council join the toast of rice wine as part of the

Agriculture Secretary William Dar stresses Cordillera's strong potential for regional progress and advancement as strong partner for economic development and nation building. (CCD/PIA CAR)

LandBank offers direct ‘study-now-pay-later’ loan program for students

CALOOCAN CITY, July 10 (PIA) -- Parents and guardians or benefactors of students enrolled for the upcoming school year can now directly avail of loans up to P300,000 from the Land Bank of the Philippines (LandBank), a statment sent to the PIA-NCR said. 

 

LandBank president and CEO Cecilia C. Borromeo said the bank is launching a new direct loan program to cover students’ tuition to assist parents and guardians/benefactors who may be reeling from effects of the COVID-19 health crisis.

LandBank has allotted P1.5 billion in credit support under the I-STUDY (Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth) Lending Program to cover the tuition and other enrollment-related fees of eligible students. 

The LandBank I-STUDY Program is open to parents and guardians/benefactors of incoming students who are qualified under the admission and retention requirements of an academic institution recognized or accredited by the Department of Education (DepEd), Commission on Higher Education (CHED), or the Technical Education and Skills Development Authority (TESDA).

Parents and guardians can borrow the amount of tuition equivalent to one (1) school year or two (2) semesters, or up to P150,000 per student but not more than P300,000 per eligible borrower.

“LandBank supports President Duterte’s call to finance students’ access to quality education amid the economic challenges brought about by the pandemic. Through the I-STUDY Lending Program, we hope to help students finish their studies despite the difficulties they are facing,” Borromeo said.

The I-STUDY Lending Program offers an affordable fixed interest rate of 5% per annum for short term loans for pre-school, primary, and secondary students payable within one (1) year, as well as for term loans for tertiary students payable up to a maximum of three (3) years, inclusive of one (1) year grace period on the principal.

Eligible parents and guardians/benefactors should have an established repayment capacity, credit history and good credit standing. Eligible students cannot be a current beneficiary of the Universal Access for Quality Tertiary Education Act of 2017 (also known as Republic Act 10931), or any scholarship program or privilege granted to honor students and should be of good moral character as certified by school.

The LandBank I-STUDY Program will be available only for School Years 2021 to 2022. 

For details about the Program’s features, eligibility and application requirements, interested borrowers may contact the nearest open LandBank Lending Center or Branch nationwide, or call LandBank’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.

For more updates, please Follow, Like and Share the official LandBank Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or visit the LandBank website (www.landbank.com).

By Rhodelia R. Divina

 

Baguio

Benguet

Mt. Province

IFUGAO

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  • Ifugao LSP recipients commit for economic progress

    LAGAWE, Ifugao, July 17 (PIA) - - Beneficiaries of the Livelihood Seeding Program (LSP) of the Department of Trade and Industry (DTI) committed to use the assistance to grow not only for their enterprises or organizations but for the whole community to  achieve economic progress. 

  • DA,Philmech award machineries to 6 Ifugao farmers groups

    LAMUT, Ifugao, July 10 (PIA) - - Six farmers organizations in the province recently received agricultural machineries from the Department of Agriculture (DA) under the Rice Competitiveness Enhancement Fund (RCEF) mechanization program to improve their farming systems and be competitive.

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