UP Alumni Engineers (UPAE) is excited to announce its Study Now, Pay Later program, open to all engineering students from UP Diliman and UP Los Baños. This innovative initiative offers funding for tuition, allowances, and other school expenses to students, with repayments based solely on their post-graduation income.

The Study Now, Pay Later program is a unique opportunity for students to invest in their education and futures without the burden of immediate debt repayment. Upon graduation, students will repay the funds received based on their income, making it more manageable and flexible.

To register for the program, students can follow the link: bit.ly/UPAESNPLappform.

For more information and inquiries, students can contact UPAE via secretariat@upae.org.

UPAE is dedicated to supporting the education and futures of young engineers, and this program is just one of the many ways it does so. Join the Study Now, Pay Later program today and take advantage of this once-in-a-lifetime opportunity to invest in your future.

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.

If you are already part of this program and are for renewal/requesting for additional funding, please see the details below:

Attention all Study Now Pay Later grantees! UPAE is now processing renewals for its Study Now, Pay Later program. If you are a grantee of the Study now, Pay Later program and would like to request for additional financial support, please apply via: bit.ly/UPAESNPLrenewal For more information and inquiries, please contact UPAE via secretariat@upae.org