A new way to pay for college …

Study now, then pay after graduation based on your income

Imagine this: You’re entering college worry-less, not having to stress over your tuition and
daily school expenses. Then you pay for it without any interest only when you graduate and
start earning an income.

In the Philippines, where access to quality education comes at a hefty price, this scenario
looks impossible. While there are available support for those who lack the resources to
pursue tertiary education–scholarships and loans from relatives & friends, to name a
few–the opportunity remains elusive for many struggling students.

In line with its mission to empower UP Engineering students to succeed in their academics
and future careers, the University of the Philippines Alumni Engineers Association (UPAE) is
launching income share agreements (ISAs) to financially under-resourced students.
ISAs are a form of college financing where repayments are based on a percentage of a
student’s future income. Unlike traditional student loans, ISAs do not accrue interest,
making it much more affordable for students.

How it Works: The UPAE Income Share Agreement (ISA)

Eligibility Requirements
● Student must be enrolled in the UP Diliman College of Engineering or UP Los Banos
College of Engineering and Agro Industrial Technology
● Sophomore to graduating students are eligible
● There are no grade requirements

Funding Uses, Amount & Disbursement
● Funding amounts and disbursement schemes will be customized based on the
student’s need. However, maximum funding per student is P180,000.
● Funding may be used for tuition (if applicable); allowances (e.g. dormitory, food &
transportation allowance); and other miscellaneous school expenses (e.g. projects,
gadgets, etc.)
● Funding shall be approved on a per semester basis.
● Disbursement of allowance shall be on a monthly basis (not lump sum), while other
miscellaneous expenses will be lump sum.

Repayment Scheme
Students are only required to start paying once they are already earning an income. A floor
income shall also be set based on a students’ degree. If a student earns below stated floor income, repayment will not begin. For example, if floor income is set at 18,000 pesos and the
student earns only 16,000 per month post graduation, he/she will not be required to start
making payments yet. As an example, for a maximum loan of P180,000, a student only needs to pay at most P3,000 per month after graduation (approximately 12% of a 25,000 peso income). Furthermore, the
student won’t be required to pay more than what they borrowed and will be given 5 years to pay.

Interested? Confirm your attendance here to our digital information session this July 24, 2022,
5PM. You may also proceed to send a preliminary expression of interest by filling out the
same form.

“Working with InvestEd for a program such as this will definitely give a boost to the SNPL program,” says UPAE President Engr. Patrick Pascual. “Not only does this benefit UP’s engineering students, this will bring us much closer to our vision of launching the next generation of young nation-builders.”

Our Implementing Partner: InvestEd Philippines
The University of the Philippines Alumni Engineers Association (UPAE) has partnered with
globally acclaimed impact business InvestEd in the implementation of the Income Share
Agreement for College Degrees. InvestEd partners with mission-aligned institutions to bring
education access to millions of under-resourced youth. It provides ISA outsourcing services
for philanthropic entities such as alumni groups, foundations, and school endowment funds.