Bukas, a provider of education financing solutions, has added new partner universities like as De La Salle University, UA&P, and others.

Bukas, a tech-enabled education financing platform, expands its scope with new affiliates from private universities such as De La Salle University, University of Asia and the Pacific, Panpacific University, Technological Institute of the Philippines, St. Louis University, Colegio de Dagupan, and St. Paul University – Quezon City, providing much-needed access to education to Filipino youth.

A third of Filipinos do not have access to higher education, with cost being a major stumbling block. In certain circumstances, students may have attended for a few semesters but find that their financial position at home prevents them from continuing and completing their degrees. The annual 10-15% dropout rate that many schools in Southeast Asia, particularly the Philippines, face reflects this.

“This new partnership between DLSU and Bukas is very timely as many of our students continue to feel the effects of the pandemic on their family’s resources.  With Bukas’ tuition installment plans, we can provide our students more options to fund their education so that their learning continues during these difficult times,” shares Dr. Christine Joy A. Ballada, Dean of Student Affairs of De La Salle University.

Committed to serving Filipino students, Bukas is offering an affordable, complementary solution that aims to empower Filipino families to build a better tomorrow through quality education. The offering is accessible to more families and students who are not able to rely on bank loans, or scholarships. With a base monthly interest rate of up to 1.5% that is lower than other financing institutions, and payment installments up to 12 months, Bukas makes it sustainable to parents, and even to working students to manage their school finances.

Bukas’ parent company ErudiFi’s development, which included the integration of new educational institutions and important employees across several business sectors, was made possible by a US$5 million Series A financing led by Monk’s Hill Ventures and Qualgro earlier this year. In 2020, ErudiFi will have grown thrice and will continue to increase its influence in the Philippines by partnering with schools all around the country. Bukas today includes 27 partner institutions, including Mapua University, Far Eastern University, Adamson University, Our Lady of Fatima University, PHINMA Education Network, University of Nueva Caceres, Centro Escolar University, and Eskwelabs, among others, with presence on 57 campuses

 “Welcoming new partners to our platform gives more and more Filipino students the opportunity to study in their dream schools through more sustainable means. The number of out-of-school youth continues to grow, and we want to be part of the solution as we help set them on the path toward building a better future,” shares Jon Robert Emlano, Country Manager of Bukas.