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PIA Press Release
2007/09/24

DBP opens "DEEP" scholarship program

Iloilo City (24 September) -- The Development Bank of the Philippines (DBP) has opened a new scholarship program to provide financial assistance to qualified and deserving high-school graduates to pursue their college education.

This scholarship program dubbed as "DBP Endowment for Education Program" (DEEP) will be implemented starting Academic Year 20082009.

For its initial run, DEEP is assisting 360 students who wish to become nurses. They will be enrolled in five partner schools identified as: St. Louis University in Baguio City; Pamantasan ng Lungsod ng Maynila; Cebu Normal University; West Visayas State University in Iloilo City; and Xavier University in Cagayan de Oro City.

Under the DEEP, the DBP's assistance will cover the whole range of the scholars' requirements up to their overseas employment.

To qualify for DEEP- Nursing, applicants should belong to families with annual income of P100,000 or lower, and to the upper 20% of the high school graduating class.

Likewise, applicants are required to submit the following: a formal letter expressing interest to participate; accomplished DEEP application form; recommendation letter from the high school principal; and income tax return and other proof of family income.

DBP President and CEO Reynaldo David said that DEEP is DBP's response to the educational needs of the brilliant but underprivileged Filipino youth.

"This is a mechanism for giving them opportunities to make a concrete contribution not only for the benefit of their immediate families but to Philippine society at large. Tapping their potential, we hope to build a small yet significant pool of Filipino professionals who can truly appreciate and put to action the value of "paying it forward", said David in a press report.

Also, through this initiative, the DBP aims to ensure the adequate and continuing supply of qualified nurses for the country's domestic requirements; respond to the growing demand for trained and qualified Filipino nurses in global markets; and enhance the country's earning potential from its overseas Filipino workers by increasing the production of trained and qualified nurses.

For more details, interested applicants in Western Visayas may get in touch with the Education and Healthcare Unit of the Program Development Sector of DBP Manila or at the Regional Marketing Center of DBP Iloilo at I. De la Rama St., Iloilo City at tel. nos. 337-6432, 337-6330, 5099505 or Fax No. 336-7567. (PIA) [top]

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