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Angel Cruz

Far Eastern University – Nicanor Reyes Medical Foundation (FEU-NRMF) officially launches student loans, partners with Bukas

2024-07-16

Pursuing a career in medicine is not for the faint of heart. With rigorous training, high cost of education, and numerous years before practice, choosing this path truly requires determination, hard work, and a heart for people. Far Eastern University - Dr. Nicanor Reyes Medical Foundation (FEU-NRMF), our newest partner school, is committed to becoming a birthing ground to these socially responsible healthcare professionals.

With Bukas’ newly launched partnership with the premier medical school, more students can now jumpstart their medical journey without worrying about finances. Here’s why.

Study medicine at one of world’s best

When it comes to medicine and health sciences, FEU-NRMF needs no introduction. With a long history of academic excellence that dates back to 1952, when it started out as FEU Institute of Medicine, FEU-NRMF has since proven its expertise as a globally competitive academic and training institution for aspiring healthcare professionals in the country.

If you need convincing, just refer to the highly regarded World University Rankings for Innovation (WURI) for 2024 where the Foundation ranked 1st in the Philippines and 60th in the world! Locally, FEU-NRMF has also been a consistent top performing school in the licensure exams producing over 500 board topnotchers through the years. From 2016 to 2020, the Professional Regulation Commission (PRC) recognized FEU-NRMF as the “No. 1 Top Performing” school of medicine in the country and the “Only Top Performing” school for four out of five years in the Physician's Licensure Examinations. What a flex!

Should these achievements be enough to convince you to enroll at the Foundation next school year, here are the current program offerings you can choose from:

Undergraduate

  • BS Medical Laboratory Science/Medical Technology
  • BS Nursing
  • BS Pharmacy
  • BS Physical Therapy
  • BS Psychology
  • BS Radiologic Technology
  • BS Respiratory Therapy

Graduate

  • Doctor of Medicine (core of existence of FEU-NRMF)
  • Master in Nursing

Preparing your requirements for FEU-NRMF? Check out the Admission Requirements here.

Get that M.D. with Bukas

While education is a worthwhile investment, it can be quite costly. Studying medicine puts it on a whole nother level. No wonder some students who dream of pursuing this path opt for a different field instead due to lack of finances. The good news is that FEU-NRMF and Bukas’ partnership aims to address this challenge.

With student loans readily available to all incoming and currently enrolled students, FEU-NRMF will be able to welcome more students who wish to pursue a career in the healthcare field through its new and more affordable payment option with Bukas.

“Today marks the beginning of a promising partnership that will significantly enhance the accessibility and affordability of education for our students. FEU-NRMF has always been dedicated to providing top notch and training to our students—attested by our performance in the licensure examinations, frequently being bestowed with top performing recognition among all schools.

However, we recognize that financial barriers can often impede the journey of many talented and deserving individuals. This partnership with Bukas Finance Corp. is a crucial step towards addressing these challenges. This partnership signifies our joint commitment to making quality education accessible to all. By providing students with financial support that they need, we are not only helping them achieve their dreams but also ensuring that FEU NRMF can maintain a steady and reliable cash flow. This will enable us to continue delivering the exceptional education and services that our students deserve.”

— Dr. Magdalena F. Natividad, PhD, FEU-NRMF Vice President of Academic Affairs, during the Ceremonial Signing between Bukas and FEU-NRMF held last 05 June 2024 (Wednesday) at Nicanor Reyes Tower

[From L-R] Liwayway P. Talag (Special Assistant to the Chief Finance Officer), Mr. Kevyn Joseph R. Reyes (Presidential Chief of Staff, FEU-NRMF), Dr. Magdalena F. Natividad, PhD (Vice President of Academic Affairs, FEU-NRMF), Jon Robert Emlano (President & Chief Executive Officer, Bukas), John Bellosillo (Executive Director & Head of Growth, Bukas)

What is Bukas?

Bukas is an education financing company that provides affordable and secure student loans to Filipinos who are in college, graduate school, or specialized learning institutions. With the vision of building a better tomorrow for Filipino youths through quality, accessible education, Bukas works closely with top colleges and universities across the country to provide students with more options to finance their studies through its integrated student loans.

Why enroll at FEU-NRMF with Bukas?

As a third-party financing partner of FEU-NRMF, Bukas offers students an affordable and flexible payment option to pay for their studies in the medical school. Instead of a one-time payment for your fees, paying through a Bukas student loan allows you to pay in affordable monthly installments so you can allot your budget to your other needs.

✅ Up to 100% of your fees covered

✅ Low monthly interest rates

✅ One-time service fee

✅ Over 8,000 payment channels nationwide

✅ Dedicated customer support channels

How does the Bukas student loans work?

When you apply and get approved for a student loan, Bukas will pay your approved amount directly to FEU-NRMF. You will then have to pay your Bukas monthly dues for your preferred tenor or loan length. Depending on what works for your budget, you can choose between our 6, 9, or 12-month plans. Take note that every Bukas student loan at FEU-NRMF includes an interest rate starting at only 2.05% monthly and a one-time service fee ranging from 3-10%.

For example, if you need Php 50,000 for your program, you can get that covered by Bukas and pay only Php 5,316.67 every month. This computation is based on a 12-month Bukas plan with a 2.05% monthly interest and a 3% one-time service fee. Want to get an estimate based on your actual fees at FEU-NRMF? Try out our calculator!

If ever you want to pay off your student loan earlier than your original tenor, you can do that too! Since Bukas only charges interest for the months you consume your loan, you can save more by paying it off early. Bukas does not charge any early termination fee or other penalties so you don’t have to worry about extra fees added to your loan.

How to apply for a Bukas student loan?

The whole application process for a Bukas student loan is done online. With a simple and convenient process, you can be enrolled at FEU-NRMF in no time. Just make sure to have your requirements and documents ready and follow these simple steps:

1. Create your account at https://app.bukas.ph

2. Fill-out the application form. Upload all your documents.

3. Submit your application. Wait for feedback and approval within 3-5 working days.

Once your application is approved, don’t forget to confirm your student loan agreement through your Bukas account and Bukas will then disburse your approved amount directly to FEU-NRMF. After that, you can already consider yourself enrolled for med school and start attending your classes! You can start repaying your monthly dues to Bukas through our payment partners.

Are you ready to start your med school journey? Do it with Bukas and FEU-NRMF!
We are rooting for you, future med professionals. Check out https://www.bukas.ph/partners/feunrmf to know more how Bukas can help finance your med school journey. For more information about FEU-NRMF, you may check out their official website and Facebook page.

​​Learn more about Bukas and how we make education affordable for thousands of Filipino students like you. Apply for a student loan in your upcoming enrollment. A brighter future awaits. Sa'yo ang Bukas!

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Written By

Angel Cruz

A caffeinated storyteller making a difference in education and for the youth, one article at a time.