Educational loan in the Philippines had a new name today. Back in the 1980's all I knew and came to know about it is that it is called as tuition fee loan or the SSS study now pay later plan loan program. Today, any personal loan or collateral loan may be called as one. Why? It's simply because the loan proceeds will actually depend on where you will use it, therefore, if you use your money to pay for tuition fee of your kids, you might as well call that loan as tuition fee loan.