According to LANDBANK president-CEO Cecilia Borromeo, as of October 27, LandBank is still anticipating the completion of the necessary documents for the processing of applications of 12 other schools under the institution’s Access to Academic Development to Empower the Masses towards Endless Opportunities (ACADEME) lending program.
Borromeo also stated in her report that 14 other schools still need to accomplish their loan requirements to qualify for the program.
The remaining balance under the ACADEME program is at P8.805 million, Borromeo emphasized.
“Lending units nationwide continue to work closely with applicant-schools to complete their requirements as we process a pipeline of loan applications with approvals at various levels based on amount,” Borromeo said.
Borromeo said LANDBANK is still offering ACADEME along with its Interim Students’ Loan for Tuition towards Upliftment of Education for the Development of the Youth (I-STUDY) direct lending program that targets to provide financial aid to parents, guardians, or benefactors to allow them to send their children to schools.
“I-STUDY which is a direct lending program to parents, guardians, or benefactors for the education of their children, will also assist private schools and downstream industries to sustain and continue their operations”, she added.
“The Bank will continue to promote these two lending programs as a vital contribution of the Bank in assisting students and the schools under the Bayanihan II Law (Republic Act 11494),” Borromeo said.
Source: Help Line PH
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