Secure Your Future: The Security Bank Foundation, Inc. Announces External Scholarship Program 2023

Introduction for the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

The future belongs to those who invest in it, and education is one of the most valuable investments anyone can make. With this in mind, the Security Bank Foundation, Inc. is proud to announce its External Scholarship Program 2023, which aims to support aspiring scholars in pursuing their dreams and achieving their academic goals.

This program is a testament to the foundation’s commitment to empowering the youth and providing opportunities to help them build a better tomorrow. Through this scholarship, we hope to positively impact the lives of deserving students and contribute to the development of the nation’s future leaders.

Friendly Advice by Philippine Scholar Editorial Team

If you’re interested in applying for the Security Bank Foundation, Inc.’s External Scholarship Program 2023, here’s some friendly advice to help you increase your chances of success:

1. Start early: Start your application on time. Give yourself ample time to gather all the necessary documents and information and prepare a compelling essay.
2. Do your research: Make sure you understand the requirements and criteria for the scholarship, as well as the application process and deadlines. It will help you avoid mistakes and ensure your application is complete and on time.
3. Be authentic: Your essay is your chance to tell your story and showcase your personality, so be honest, sincere, and true to yourself. Don’t try to be someone you’re not, and don’t copy or plagiarize someone else’s work.
4. Highlight your achievements: Be sure to include all your academic and extracurricular achievements and any awards or recognition you’ve received. It will help the selection committee see how deserving you are of the scholarship.
5. Follow instructions: Make sure you follow all the instructions and guidelines for the application, including the format, length, and submission requirements. It will help you avoid any disqualifications or penalties.

Remember, the scholarship application process can be competitive. Make sure you put your best foot forward and showcase why you deserve to be chosen as a scholar. Good luck!

See Also: Transform Your Future: CHED Merit Scholarship Program 2023-2024

SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

Benefits of the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

Each scholar is entitled to the following benefits per academic year until he finishes his tertiary course.

	State Universities	Private Universities
Stipend	PhP 10,000 per month for a maximum of 10 school months	PhP 5,000 per month for a maximum of 10 school months
Tuition and Miscellaneous Fees	No allotment due to the “Free Tuition Law.”	Maximum of PhP 100,000 per year

Note: Financial assistance will be released subject to the maximum amount per year and based on the actual number of months the classes are conducted and ongoing.

Non-Monetary Scholarship Benefits

Aside from providing financial assistance, SBFI also extends developmental activities through opportunities for internship, involvement in corporate social responsibility activities, and attendance to learning sessions offered by partner institutions.

Eligibility Criteria of the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

• Graduating Grade 12 student from public/private school
• Latest General Weighted Average (GWA) of at least 90% or its equivalent
• No parent currently employed/assigned in Security Bank
• No other family member now admitted to the scholarship within the second degree of consanguinity or affinity
• No other existing scholarships except for discounts provided by schools
• Must enroll in any of the eight partner schools in NCR

8 Partner Schools

1. Ateneo De Manila University
2. Chiang Kai Shek College
3. De La Salle University – Manila
4. Far Eastern University – Manila
5. Pamantasan ng Lungsod ng Maynila
6. Polytechnic University of the Philippines
7. University of the Philippines – Diliman
8. University of Santo Tomas 

Eligible Courses

Scholarship slots shall be offered to college students taking up courses directly supporting bank operations such as

1. Accountancy
2. Accounting Information System/ Technology
3. Internal Auditing
4. Marketing
5. Financial Management
6. Industrial Engineering
7. Management Engineering
8. Applied Mathematics
9. Business Analytics/ Statistics
10. Data Science
11. Computer Science/ Technology
12. Information Systems/ Technology

Requirements (For all levels) of the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

a. For Application:

1. Duly accomplished Online Application Form
2. Latest Grade 12 Report Card with Final General Weighted Average (up to latest available quarter grading, if no final GWA)
3. Latest Parent/Guardian’s Income Tax Return (for employed) / Certificate of Indigency (for unemployed) / Copy of OFW Employment Contract with Compensation
4. Proof of Admission / Acceptance Letter from any of the 8 Partner Schools
5. Birth Certificate of Scholar
6. Portrait Photo of Scholar

b. Upon admission to the scholarship program:

1. Certificate of Enrollment / Registration Card for A.Y. 2023-2024
2. Copy of Good Moral Certificate from the last school attended
3. Copy of school calendar for A.Y. 2023-2024
4. Copy of Security Bank Internal Account Number (IAN) from the branch of account
5. Copy of School Grading System (if the school does not use percentage [%] for grading)
6. Copy of Course/Program curriculum
7. Copy of Parent/Guardian’s Government Issued ID (for notary)

How to apply for the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

Step 1: Check for the Scholarship Availability Visit the Security Bank Foundation, Inc.’s website or social media pages to check if the scholarship program is currently open for applications. You can also check with your school’s guidance counselor or scholarship office if they have information on the agenda.

Step 2: Review the Scholarship Guidelines and Eligibility Requirements Download and carefully review the scholarship guidelines and eligibility requirements. Make sure you meet all the qualifications, including the course requirements and grade point average (GPA) minimums.

Step 3: Gather Required Documents and Supporting Materials Gather all the required documents, such as your transcript of records, proof of enrollment, and other supporting materials, such as certificates, awards, and achievements. Review the scholarship guidelines for the specific list of required documents.

Step 4: Prepare a Compelling Essay Write a compelling essay that showcases your academic achievements, personal qualities, and career goals. Follow the essay prompt and review the guidelines for specific instructions, such as word count and formatting.

Step 5: Fill out the Scholarship Application Form. Fill out the scholarship application form completely and accurately, providing all necessary information and attaching all required documents. Review the application form carefully before submission to ensure accuracy and completeness.

Step 6: Submit Your Application Submit your application before the deadline, either online or in person, at the designated office. If submitting online, follow the submission guidelines for file formats and size limits.

Step 7: Wait for the Announcement of Awardees. Wait for the announcement of scholarship awardees. If selected, prepare to attend the awarding ceremony and other events as required.

Remember to follow all the instructions and guidelines for the application process to ensure your application is complete and eligible for consideration. Best of luck with your application!

Screening And Selection Process

• Security Bank Foundation’s Scholarship Officer will screen only applications submitted online.
• Security Bank Foundation endorses valid applications to respective scholarship coordinators of our partner schools/universities.
• Security Bank Foundation may validate the data indicated in the application through mobile phone calls and email.
• Applicants who pass the first level review will proceed to the online interview.
• Admitted applicants will be notified through mobile phone calls and email. Applicants should ensure active contact information stated in the online application form.
• Newly admitted scholars will sign a scholarship contract to confirm their admission.

Scholarship Renewal

Scholars must renew their scholarship every school term (i.e., semester/trimester). The following documents must be submitted for renewal:

• Online Renewal Form
• Certificate of Enrolment/Registration Form for the next school term
• Report Card/Transcript of Records indicating general weighted average for the previous school term
• Assessment of fees
• Updated grading system from school or university
• Reconsideration Letter (only if the scholar fails to meet the per-subject grade requirement)

Termination

A scholar may be terminated from the scholarship upon commission of any of the following grounds:

• Failure to submit renewal requirements on the date of the deadline
• Failure to meet the general weighted average
• Failing, incomplete, or dropped grades in both academic and non-academic subjects
• Transferring to another school
• Shifting to a non-eligible course
• Deferment of enrolment in a school year (except for poor health)
• Violation of school policies during the availing of the grant
• Availment of another scholarship

Conclusion for the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

In conclusion, the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024 presents an excellent opportunity for college students taking courses directly supporting bank operations to receive financial support and pursue their academic and career goals.

By following the guidelines and submitting a complete and compelling application, students can increase their chances of being selected as a scholarship awardee and become part of a community of scholars committed to positively impacting society. We wish all applicants the best of luck in their application and academic pursuits.

Application Deadline of the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024

The deadline for the SBFI Scholars for Better Communities Application Form S.Y. 2023-2024 is June 30, 2023.

NOTE: READ AND UNDERSTAND EVERY DETAIL BEFORE APPLYING

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Source: Security Bank