Security Bank External Scholarship 2024 | Apply Now!

Securing quality education is challenging, especially for those lacking financial means. The Security Bank External Scholarship aims to address this issue.

The Security Bank Foundation External Scholarship provides financial aid to students who lack access to traditional scholarships, ensuring equal opportunities for higher education.

Learn about qualification criteria, requirements, application procedures, and more in this article.

About Security Bank External Scholarship 

Founded on August 25, 1993, Security Bank Foundation, Inc. (SBFI) serves as the corporate social responsibility arm of Security Bank Corporation (SBC).

Committed to addressing poverty through education, SBFI implements initiatives like building classrooms, teacher training, and scholarships, aiming to enhance the quality of education for Filipino youth and secure a better national future.

The SBC Scholarship Program comprises three key initiatives:

1. Security Bank Foundation Scholars for Better Communities Scholarship Program (External): This program provides educational assistance to deserving students not affiliated with the bank, particularly those enrolled in partner schools. It aims to ensure equal opportunities for individuals from diverse backgrounds and supports courses directly aligned with bank operations.
2. Internal Scholarship Program: Offers educational aid to Security Bank Group employees and their children, focusing on retention and development.
3. Regalo Mo, Kinabukasan Ko (RMKK) Scholarship Program: Assists Security Bank agency personnel and their children in accessing quality education to improve their families’ quality of life.

The Security Bank External Scholarship is the initiative under the Security Bank Foundation Scholars for Better Communities Scholarship Program.

It targets deserving students not connected to the bank, providing educational assistance to individuals from diverse backgrounds.

This program ensures equal opportunities for students enrolled in partner schools and offers support for courses directly aligned with bank operations.

Eligibility:

To qualify for the Security Bank External Scholarship, applicants must meet the following eligibility criteria:

• Applicant must be a graduating Grade 12 student from a public or private school, or an incoming first-year college student.
• General Weighted Average (GWA) requirement: Latest GWA of at least 90% or its equivalent.
• No parent currently employed or assigned in Security Bank.
• No other family member currently admitted to the scholarship within the second degree of consanguinity or affinity.
• Must not be an existing college student or have an unfinished college degree.
• No subject grade below 80% or its equivalent.
• Not a child of a Security Bank employee.
• Must enroll in any of the eight (8) partner schools in NCR.

Eligible Courses:

The Security Bank External Scholarship slots are offered to college students pursuing courses that directly support bank operations. The eligible courses include:

• Accountancy
• Accounting Information System/Technology
• Internal Auditing
• Marketing
• Financial Management
• Industrial Engineering
• Management Engineering
• Applied Mathematics
• Business Analytics/Statistics
• Data Science
• Computer Science/Technology
• Information Systems/Technology

Application process:

Applying for the scholarship involves several steps to ensure all necessary information is provided.

Below are the requirements for both the application stage and upon admission to the scholarship program.

Requirements:

Here are the requirements for applying and after being admitted to the scholarship program:

Requirements (For all levels)

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. 2024-2025
2. Copy of school calendar for A.Y. 2024-2025
3. Copy of School Grading System (if the school does not use percentage [%] for grading)
4. Copy of Course/Program curriculum
5. Copy of Parent/Guardian’s Government Issued ID (for notary)

Application Period:

The application Deadline for Security Bank External Scholarship is on June 30, 2024.

How to Apply:

Step 1: Visit the Security Bank Foundation External Scholarship Website

Navigate to the Security Bank Foundation’s official website. Locate the scholarship section or directly visit the External Scholarship page.

Step 2: Access the Application Link

Click on the provided application link to access the online form. Ensure you have all necessary documents ready for uploading.

Click the button below to access the online application form:

Step 3: Complete the Application Form

Fill out the form accurately with personal details and educational background. Upload required documents as per the instructions provided.

• Add Email

• Choose School From the list given below or in the form can see

• After choosing proceed next

• Choose Course can be seen in the form and in the list below

• Then click Next

• Scholar Application Details:

Last name

Fist name

Middle name

Suffix

Gender

Birth Date

Age

Active Mobile Number

Active Email

Current City or Municipality

• Application Scholar Details

Name of School where you finished Grade 12: Provide the full name of your Grade 12 school without abbreviations.

Incoming year level

Latest GWA (actual) for Grade 12:

Enter your General Weighted Average (GWA) as shown on your report card (e.g., GWA = 1.75 / A+ / 91%).

Latest GWA in percentage (%) for Grade 12:

Provide the percentage equivalent of your GWA.

Lowest Final Grade received in any subject (actual) :

Include the lowest final grade received, in actual grade (e.g., 2.75 / C / 83%)

Lowest Final Grade received in any subject (actual and in percent %):

Include the lowest final grade received, in percentage grade (e.g., 2.75 = 78%)

Then proceed next

Step 4: Academic & Leadership Achievement

If applicable, list any SCHOOL or COMMUNITY leadership positions or academic achievements for A.Y. 2023-2024.

A) SCHOOL LEADERSHIP:

• School Organization, Position, Level (e.g., JPIA, President, School level)

B) COMMUNITY LEADERSHIP:

• Community Organization, Position, Level (e.g., Cavite Youth Organization, President, Barangay)

C) ACADEMIC ACHIEVEMENTS:

• Example 1: Competition, Level, Date Won (e.g., 1st Placer in Math Quiz Bee, Grade 3, December 15, 2021)
• Example 2: Specific Recognition/Rank, Level, Term Granted (e.g., Dean’s Lister, College 1, 2nd term, SY 2021-2022)

Then proceed next

Step 5: Attach Requirements

Upload documents following the specified naming convention:

Report Card / Portal Screenshot of Latest Grades for Grade 12 with GWA (applicant name must be shown)

Proof of Admission / Acceptance Letter / Enrollment Certificate in any of the Foundation’s 8 Partner Schools (incoming school year S.Y. 2024-2025)

Latest Income Tax Return (ITR) / Certificate of Indigency (for unemployed) / OFW Employment Contract with compensation (for OFWs) of both Parents or Guardians

Birth Certificate of Student Applicant

Latest Portrait photo of the student applicant (no selfies)

Step 6: Acknowledgement

Certify the accuracy of provided information and confirm not being a scholar of any other organization supporting college schooling.

Then proceed next

Step 7: Data Privacy Consent

Read and agree to the data privacy statement.

Then submit

After Submitting:

You will receive an email confirmation.

Keep your contact details updated for scholarship announcements. Provide an active phone number or email address for communication.

Screening and Selection Process:

Find out how applications are reviewed and selected. Learn about the steps involved in the process to understand what happens after you submit your application.

1. Online Submission: Applications submitted online will undergo initial screening.
2. Endorsement: Valid applications are forwarded to the scholarship coordinators at our partner schools/universities.
3. Data Validation: The Security Bank Foundation may verify application details via mobile phone and email.
4. Interview: Applicants who pass the initial review will proceed to an interview, conducted either online or in-person.
5. Notification: Successful applicants will be notified via mobile phone and email. It is important to maintain active contact information as provided in the online application.
6. Scholarship Contract: Newly admitted scholars and/or their parent/guardian will sign a scholarship contract to formalize their acceptance.

This process ensures transparency and thorough evaluation of all applicants for the Security Bank Foundation scholarship program.

List of SBFI Partner Schools:

The Security Bank Foundation Scholars for Better Communities Scholarship Program aims to support underprivileged yet deserving college students enrolled in the following 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

These partnerships play a crucial role in expanding educational opportunities for deserving individuals within the community.

Benefits:

Each scholar is entitled to the following benefits per academic year until they complete their tertiary course:

State Universities:

• Stipend: Php 25,000 per half-semester or Php 100,000 per year (directly disbursed by the school)
• Tuition and Miscellaneous Fees: No allotment (covered by the “Free Tuition Law”)

Private Universities:

• Stipend: Php 12,500 per half-semester or Php 50,000 per year (directly disbursed by the school)
• Tuition and Miscellaneous Fees: Maximum of Php 100,000 per year

These benefits are provided to support scholars throughout their academic journey at both state and private universities.

“Note: Financial assistance will be released subject to the maximum amount per year and based on the actual period during which 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 provided by partner institutions.“

Terms and Conditions:

Learn about the rules you need to follow to maintain your Security Bank External Scholarship. 

1. Commencement of Scholarship: The scholarship assistance starts from the first year of the tertiary course and continues until the scholar graduates from the same course.

2. Minimum Enrollment Requirement: Scholars must enroll in at least the minimum number of units/load required by the school for each term.

3. Academic Performance Criteria: Scholars must maintain a minimum general weighted average of 86% and achieve at least 80% per subject grade by the end of each term (semester/trimester).

Scholarship Renewal Requirements:

Scholars are required to renew their scholarship every school term (semester/trimester). The following documents must be submitted for renewal:

1. Online Renewal Form
2. Certificate of Enrollment/Registration Form for the next school term
3. Report Card/Transcript of Records indicating the general weighted average for the previous school term
4. Assessment of fees
5. Updated grading system from the school or university
6. Reconsideration Letter (only required if the scholar fails to meet the per subject grade requirement)

This process ensures that scholars maintain their eligibility and continue to receive support throughout their academic journey.

Termination:

A scholar may be terminated from the scholarship for any of the following reasons:

1. Failure to submit renewal requirements by the deadline.
2. Failure to meet the required general weighted average (GWA).
3. Receiving failing, incomplete, or dropped grades in both academic and non-academic subjects.
4. Transferring to another school without prior approval.
5. Shifting to a course that is not eligible for the scholarship.
6. Deferment of enrollment in a school year, except in cases of poor health.
7. Violation of school policies during the period of scholarship availing.
8. Availing of another scholarship concurrently.

These guidelines ensure that scholars adhere to the terms and conditions set forth by the scholarship program provider to maintain their eligibility and receive continued support.

Final Thoughts:

Education is a powerful tool for building a better future, and Security Bank is committed to empowering students through scholarships. By investing in scholars, Security Bank is shaping tomorrow’s leaders and fostering positive change in communities.

With scholarships available for various levels and fields of study, Security Bank demonstrates its dedication to helping individuals achieve their full potential.

If you’re seeking support to pursue your educational goals, don’t hesitate to apply for a Security Bank scholarship today. 

Seize this opportunity to turn your dreams into reality and embark on a journey towards a brighter future. 

Take the first step towards success by submitting your application. 

Frequently Asked Question:

1. Can I apply for the scholarship if I’m already in college?

No, it’s only available for incoming freshmen.

2. Do applicants need to be accepted by the partner school before applying for the scholarship?

No, applicants don’t need to be accepted yet. They can submit their confirmation of application during the initial application process. However, if they qualify for the online interview, they’ll need to provide a certificate of acceptance from the partner school.

3. Do they accept applicants who will be taking courses not listed in the eligible courses?

No, only students enrolled in courses directly supporting bank operations are eligible. These include Accountancy, Accounting Information System/Technology, Internal Auditing, Marketing, Financial Management, Industrial Engineering, Management Engineering, Applied Mathematics, Business Analytics/Statistics, Data Science, Computer Science/Technology, and Information Systems/Technology.

4. Do they accept applicants who will be studying outside of the partner schools?

No, the scholarship is exclusively available to students enrolling in any of the eight partner schools: Ateneo De Manila University, Chiang Kai Shek College, De La Salle University – Manila, Far Eastern University – Manila, Pamantasan ng Lungsod ng Maynila, Polytechnic University of the Philippines, University of the Philippines – Diliman, and University of Santo Tomas.

5. I haven’t received my grade 12 final grades with GWA yet. What grades am I supposed to submit?

You may submit your grades with GWA for the 1st semester or 2nd grading period. The high school Transcript of Records (TOR) will be requested once you qualify for the interview round.

6. I am an incoming freshman but I stopped schooling last year due to financial problems. Am I still qualified to apply?

Yes. As long as you haven’t stopped schooling for more than one (1) academic year.

7. I also applied to other scholarship openings. Am I still qualified to apply?

Yes. You may apply to the scholarship program while your applications to other grantors are still pending. However, once the results are in and you get admitted to more than one scholarship, you will have to choose which scholarship to retain.

8. I have an existing scholarship from other grantors. Am I still qualified to apply?

No, you are not eligible to apply if you already have an existing scholarship from other grantors.

9. I have submitted my application just now and I am worried that I have run out of slots. Are you going to review all scholarship applications?

Yes. All applications submitted within the application period will be reviewed accordingly.

10. I can’t submit the application form because the website asks me to indicate my Tertiary Education Information. As a Grade 12 student, what should I input under these fields?

You should indicate the tertiary course you are planning to take and the school you will enroll in for college.

SAMPLE ANSWER:

Are you currently enrolled: No, I’ve graduated

College Expected Year of Graduation:

2025 (4 years after)

11. Are online grades or grades from the school portal accepted?

Yes, online grades are accepted. However, it’s important to ensure that your online grades include a General Weighted Average (GWA) for the Foundation to properly assess your application.

Additionally, for shortlisted applicants moving forward to the next round, which is the online interview, a high school Transcript of Records (TOR) will be requested.

12. Are there guidelines for the portrait photo? Does it have to be formal? Is a 2×2 photo accepted?

Yes, you may submit a 2×2 photo with a white background. The photo doesn’t have to be formal, but it’s important to look presentable. Ensure that the photo is in high resolution.

13. I applied to three partner schools to increase my chances of getting into college. Do I need to submit proof of application for all three?

No, you only need to submit proof of application for one school, preferably your first choice. After the application deadline, you’ll be asked to update your profile if you advance to the next round.

14. How will I know if I qualify for the scholarship program?

Within a month after the application deadline, the Foundation will reach out to let you know if you’ve qualified for the next round, which is an online interview. Make sure your contact information on the application form is up to date

15. If my parent is an OFW and doesn’t have an ITR or Certificate of Indigency, what document can I upload to meet this requirement?

You should submit a copy of your parent’s employment contract showing their salary. Remember to provide proof of income for both of your parents to ensure your application is complete and processed.

Notice: Information Disclaimer

The PhilScholar website does not offer scholarship programs or engage in hiring activities. It serves solely as an informational platform providing details on scholarships and grants available for educational purposes.

While the PhilScholar website does not directly facilitate applications, users can find guides and informational articles related to admissions and scholarship application processes.

However, users are advised to meticulously examine the credibility of the content provided.

All information presented on this platform is intended for informational purposes only. 

Users are encouraged to verify any details independently before making decisions based on the content provided.

For additional verification or inquiries, references are provided at the end of the content section.

References:

1. Security Bank Foundation. (n.d.). External Scholarship Program. Retrieved from (https://www.securitybank.com/foundation/external-scholarship-program/)