STI Launches Student Loan Program with Landbank

July 29, 2020

For this school year, incoming and existing college students and transferees at any STI campus nationwide can avail of loans through its student loan program in partnership with the Land Bank of the Philippines (LANDBANK) to help students and their families continue their education amid financial difficulties due to the COVID-19 pandemic.

STI Education Services Group, Inc. (STI ESG) has tapped into Landbank’s Access to Academic Development to Empower the Masses towards Endless Opportunities (ACADEME) lending program that aims to loan money to educational institutions, which schools can in turn re-lend to the students.

 STI ESG Vice Chairman and CEO Monico V. Jacob said during the virtual signing on July 24, 2020 that the partnership allows the academic institution to extend its assistance to their students and their families who are currently dealing with financial difficulties by providing them loans for their education needs. 

 "Almost 70% 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. 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," Jacob said.

 The Landbank-STI Student Loan Program is payable based on the maturity of the sub-promissory notes, but not to exceed three years at no interest and with easy application process for the undergraduate students who are enrolled at any STI campus nationwide.

 "STI ESG has also agreed not to pass on the 3% interest of this facility. We will absorb this cost, and we thank LANDBANK for being the first bank to offer a study now, pay later plan," Jacob added.

Under the program, incoming and existing college students and transferees this school year 2020-2021 can borrow up to PhP15,000 per term which will be credited directly to their STI campus. The loan amount is intended solely for defraying the cost of tuition and other school fees for a given term.

Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo

LANDBANK Agricultural and Development Lending Sector Officer-In-Charge Senior Vice President Ma. Celeste A. Burgos

STI Education Services Group, Inc. (STI ESG) Executive Committee Chairman Eusebio H. Tanco

STI ESG Chief Executive Officer Monico V. Jacob

STI ESG Chief Finance Officer and Treasurer Yolanda M. Bautista

Launched in May 2020, the LANDBANK ACADEME Lending Program aims to provide credit support to private high schools, private technical and vocational education training institutions, as well as Higher Education Institutions (HEIs) such as colleges and universities, to aid students, through their parents or benefactors, in continuing their education, under a ‘study now, pay later’ program.

 "We would like to thank STI ESG management team for putting faith in LANDBANK and our ACADEME Program to finance and ensure the enrollment of around 15,000 to 25,000 students in STI colleges and academic centers this coming school year," said LANDBANK President and CEO Cecilia C. Borromeo.

 LANDBANK allotted PhP3 billion for the program, which offers refinancing or rediscounting of promissory notes issued by the parents or benefactors of students for school loans. Eligible schools can borrow up to 70% of the sub-promissory notes on a per semester basis, and subject further to a maximum amount based on the school’s net borrowing capacity, with a very low fixed interest rate of 3% per annum that is payable based on the maturity of the sub-promissory notes, but not to exceed three years.

 Also present during the virtual signing were top officials of STI ESG namely Executive Committee Chairman Eusebio H. Tanco, Chief Finance Officer and Treasurer Yolanda M. Bautista, President and COO Peter K. Fernandez, VP for Corporate Finance Merliza D. Santos, and VP for Communications and MIS Elbert L. de Guzman, and LANDBANK’s Agricultural and Development Lending Sector Officer-In-Charge Senior Vice President Ma. Celeste A. Burgos.

 The partnership is part of STI ESG’s plans to ensure the students’ learning continuity and development despite the challenges of the global health crisis. For the coming school year 2020-2021, STI developed the Online and Onsite Education or ONE STI Learning Model, a revamp of their existing online blended learning model that fosters a responsive and innovative learning experience by using digital tools and technology with onsite or on-campus hands-on practice and engagements to achieve the desired learning outcomes of the students.

 To aid in the students’ connectivity, STI has also partnered with SMART Communications to provide students with a SMART GIGA Study data plan with an allotted 35GB per month for free. The institution also accepts Tertiary Education Subsidy grants and provides scholarship grants for students with GSIS family members and/or PAG-IBIG Loyalty cardholders.

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