You think we should have a student loan program here?

i'm not entirely sure if the young adults here are ready now for the idea and responsibility of a student loan. i think they have to be financially educated to handle such program. coz it is still a loan and must be repaid. if ever a program should be given to assist financially-challenged students, i'd rather propose schools and companies to have a joint program where students can study and work at the same time. (some technical courses of tesda offer that kind of assistance.) most universities offer student assistance program and scholarships. if they can expand it to cover other financial needs of the students, that would be great.

A Student Loan Program in the Philippines can be a great idea. And it would surely help encourage a lot of students to pursue with their students. The government just needs to polish the rules and regulations on this kind of program so that a lot would benefit from it.

When I was in college in the 70s it was expensive. I paid for it by working my way through the year I attended then dropped out because I was disillusioned with the world. I could have continued to work my way through if I'd been more decisive and had better coping skills. I wish I had. Later, in my late 20s I got a student loan to go to a medical tech school and couldn't cut it because of the math. The school kept my money and I was too stupid to know how to fight that. Anyway, paying it back was a real trial. I could have worked my way through that school but student loans were being pushed pretty hard and it seemed easy. I do not think anyone should take out a loan, especially a student loan, when they can work their way through a thing. It's just as ridiculous as a couple spending $10,000 on a wedding---you start out your life in debt and in doing so, you're likely never to be free of it! I don't think students should borrow money to get through college, at least not the vast sums that are allowed now. Sure, it's hard to work your way through--it takes longer and it's tough. But graduating free of debt is much better than spending years paying off debt and living like a pauper to do so after all your hard work in school.

It's so scary somehow as were not sure what will happened to us after graduation, as in our country its so hard to find job after graduation and with good salary enough to pay the loan and with other expenses, imagine that right now salary is already not enough for our monthly expenses unlike in US or other country that salary there is actually high compare to here which will be enough for them to pay their loan. I would rather go for being a working student and work hard than to loan as i might only ended paying my debt my entire life and what if i already have kids. Or probably i might just be paying interest my whole life. Its not really recommended in our country, there's other loan we can apply for like SSS or Pag-Ibig so i guess that will be enough.

I don't like the idea of student loans. Although I wish that the educational system will be reformed in one shape or another, I don't the idea will be welcomed by the youth. Without even the student loans, parents are already asking for loans for their children, especially private educational institution. Also, remember CAP. It's like an investment that went bust. Reliance on plans and loans isn’t exactly security. You have to remember that a student loan is still loan. Students on loans might be financially responsible but it will haunt them still even if they are working. If they felt that their education wasn't worth it (a change or course, for example) you have to apply for another loan and explain to the elders why the sudden change of heart. If the lenders believe, fine. But if they don't, you are in deep trouble and have to finish school as well assuring the lenders that you pay back the loan.

I like the idea, but I don't think it will be a good thing here in the Philippines though. I'll be following this post. I really like the idea. I'm just not sure it will work. But i hope it would.

For as long as there are assurance that the loans will be paid. I think that is a risky part of it. We cannot be assured that when government loans a student he will be assured that he can find a job that can very well afford to pay back its loan. In our country unemployment is still high that is why it is highly risky to put money on them if we cannot assure them of a good job to afford paying the debtor back.

I think so because we might never know, those students that are not present at schools are those that can really help our country. There are lots of talented people and young ones here in the Philippines, if they are inside the schools it will get develop further and we can use their talent to help our country improved (if those people in the government who have strong power will not get in the way). If the government will help them to get in the school, they can finish their study. I just hope they allow to pay them in return after they get regular jobs and they can pay it within 36 months or more. That kind of agenda is good. It is like helping the economy too. I just hope government give them student loan and help them to get a job too so they have the assurance that they can pay them back. Of course it will be impossible, politicians much likely to buy new model of cars and condominium than to help those students.

I think if you are really determined to finish your studies, you can actually do it...because there are lot of things to do...schools have scholarship grants for well deserving students...you can even apply as a student assistants and you can be a working students...I think if it will be implemented in our country, we will again be noted that we are only giving hope to the lazy people to just sit and relax and not look for work like what the 4Ps is advocating, because you will just be waiting that the government will give you money....well, that's my opinion.

I think it would helpful in some way especially for those who really deserve it, desires to have a good education and would be responsible enough to handle such program. If it's a clear of way of achieving education, then it should be endorsed, but then again, the parameters of the program should be very well explained and the recipient of such would be responsible enough to abide by it.

I think it is a good idea, but that is the problem, since it is a loan, the interest may be great, so it may be a bigger problem later on... Maybe if the interest is just really small, then it would help students to continue their studies and just pay for it when they have a job. Or they can also pay for it by working in the office that gives loans, just for a while.

hi, when i was in college i think i was a second year student during that time,the University where i studied has a student loan program and it is payable after 10 years,and the loan amount is 5000 in Philippine money,this program is really good especially to the student who can not buy things for there projects.

Years ago, there was an educational loan program provided by SSS for members and their beneficiaries or children. However, it has been phased perhaps due to lack of funds. If a student is indeed interested in gaining education,there isn't an option of being able to secure an educational loan as it is not provided by the government however, there are many scholarships available from NGO's and politicians. A disadvantage of study loan program in the Philippines is the difficulty of making payments. Ours is a poor country and a college education does not guarantee a high paying job. Not every borrower will be able to repay the loan as he needs to prioritize the basic needs of the family before paying an indebtedness.