University Henry Sy to provide new scholarships, shoulders tuition fee increase
University Henry Sy to provide new scholarships, shoulders tuition fee increase
Henry Sy to provide new scholarships, shoulders tuition fee increase
April 19, 2013
April 19, 2013

DLSU is set to launch a new scholarship program by the next academic year, a project spearheaded by Henry Sy Sr. to be funded by the SM Foundation.

The project was conceptualized by the foundation as a means of promoting nation building by offering scholarships to different academic institutions.

Sy envisioned that his initial investment in DLSU, which was the funding of the recently completed Henry Sy Hall, will yield positive results seeing the quality graduates the institution has produced over the years. His son Hans adds, “This is only the first step towards the progressive development that we will see in our graduates who will comprise the future workforce of our country.”

Madeline Chua, Jelvin Base

The Henry Sy Sr. Scholarship

The Henry Sy Sr. Scholarship (HSSS), to be available next academic year, will be a full scholarship that covers all of the expenses of a student; however, there are certain requirements that need to be met for one to apply.

All incoming freshmen for A.Y. 2013-2014 will be eligible for the said scholarship. Currently enrolled students who want to avail the HSS must have a CGPA of 2.5 at the time of application and should not already be availing another scholarship. Applicants should also have at least another year of stay in DLSU, has not failed any subject, and should possess good moral character.

The HSS application will be facilitated by the Office of Admissions and Scholarships (OAS). Application forms will be distributed at the start of the academic year. After submitting the necessary forms, applicants will take a special aptitude test to assess his or her competency. Interviews will also be conducted to further evaluate those who deserve the scholarship. The results would be posted a week after the exam and interview.

OAS Director Maria Paz Trinidad believes that the new scholarship would help in attaining DLSU’s goal of having more scholars. She further states that this partnership with Henry Sy will strengthen Lasallian ties with the business conglomerate, given that the SM Group hires many Lasallians upon graduation.

Dr. Maria Bonnet, Coordinator for Job Placement, stresses that the scholarship will be a contract entitling them a managerial position in the Sy Group. “Being a Henry Sy Scholar is not only a privilege, but is also an assurance that once you graduate, you will automatically be an employee of SM. Yes, one can say it is similar to a return clause to give back after graduating,” she explains.

Who pays what

Amidst the announcement of the DLSU administration of the 4 percent tuition fee increase for current students and 5 percent for incoming students, SM Foundation has issued a statement indicating that they will offer assistance to the University by shouldering the tuition fee increment for the students. Moreover, the tuition fee subsidy will be granted to all students by the first term of the next academic year.

Executive Vice President of Finance Nilo Pacheco states that the subsidy program is a significant measure in mitigating the rising tuition fees. “Students can breathe easily knowing that the tuition increase will be disregarded through the aid gratuitously offered to us by the SM Foundation. After all, we make our decisions here with the students’ best interest at heart.”

In an interview with DLSU President and Chancellor Br. Ricky Laguda FSC, he explains that the administration is thankful for the SM Foundation in extending their efforts to provide the financial assistance to our students.

He furthers that the timely DLSU-SM partnership continues to attract a multitude of students from all over the Philippines who wish to be scholars. “This act of the SM Foundation enables the University to maintain what St. La Salle envisions, which is providing an avenue of learning for the poor, our less fortunate brothers and sisters,” he says.

Sy stressed that pursuant to the 4 percent increase of the tuition fee, his plan to address the perennial issue of tuition fee increases is an opportunity to help the Lasallian community through a simple gesture of reciprocating the institution’s wonderful relationship with his family.

 

Green purse allocation

Hans Sy also intends on providing additional funds to the Green Purse accounts of DLSU students. He believes that the fund would address some of students’ allowance concerns such as buying school requirements.

“The extra money would help some students who need money to buy school supplies, textbooks, and the like. It would ease some burden for them to ask parents for money knowing DLSU is also providing for their school needs,” he explains.

The extra money would be a monthly installment of one thousand pesos, funded by the SM Foundation.