APPLY FOR AN EDUCATION PAYMENT (EP) This section is for students (beneficiaries) who will receive Education Payments. Remember there are 3 Education Payments for the 2nd, 3rd and 4th year of college or university. You will need to apply each year for each of the 3 payments. Also please do not apply if you have not progressed to Yr. 2 of studies yet, your application will not be processed. We do accept as Yr 1 Foundation studies, and in some cases IB Diplomas and A Levels certificates - if you did complete one of these programmes we need you to upload the diploma or certificate along with your application so we can count this as Yr 1. In this case you would submit your Application when you progress to Yr. 1 of University. Otherwise you will need to wait for Yr 2 to qualify for the first Education Payment. Please login to your STI account via http://www.stiapplications.com. If you do not have a username and password please make sure you have your Contract ID handy and register your account via www.stiapplications.com/Register.aspx.(Before you register you need to verify with us the email address you want on file - please write to peter.fraser@stiplan.com and provide us with the email you want to use.) Your Contract ID is your agreement number starting with B. Before you start, be aware that the EP payment is to be paid to the student (beneficiary), however when the beneficiary instructs us to pay to someone else we require additional documentation: 1. Picture ID of the beneficiary with date of birth and signature; and 2. Picture ID of the person receiving the funds to allow for money laundering checks now required. Once you have logged on to your account choose the agreement that you want to apply for an EP. If you have only one agreement, go to the next step. Go to the tab labelled EPs. You will be taken to a page that shows your EP history and provides a box for you to start an application for a new EP. Click on Request a new EP. A pop up box will appear that provides a box for you download and print the EP Application the school needs to complete for your Application to proceed. The pop up box will also have a section for you to enter the banking information for where you want the EP Payment to be made. You must fill in all the boxes including the special instructions (enter NA if not applicable or 00 if a number that is not applicable). Once the banking information is entered you need to download and print the banking form. To do this press Download Bank Bank Form. For Canadian Banks we require the full 12 digit account number that includes the branch or transit number. For international banks please check with your bank to determine if an intermediary bank is required and add the information in the intermediary bank section. The student and the person receiving the funds must sign the form and provide a copy of their passport ID for the application to be processed. Once you have obtained the EP Application completed and signed by the school and have the banking form printed and signed by all proper persons you need to scan and save them as separate PDFs. Also, scan and save the required copies of passport ID as a PDF. Make sure that your documents are in pdf format and are no larger than 2MB in size. You will see in the pop up box, a section that provides boxes for you to click for uploading each of the 3 files. Please make sure that each file PDF is less than 2MB in size otherwise the upload may not work. If the section for uploading documents does not appear, click “Request a new EP” to reset the process. Once all files are uploaded and the expiry date is entered press Submit Request. Our staff will receive a message and begin reviewing your file. There is now a second step required for Education Payments called CRS (Common Reporting Standard) information. This information is required under international money transfer protocols. Payments to subscribers and beneficiaries cannot be processed without: A completed Self Certification with respect to Tax Residency; and A document with proof of your tax residence address. For Education Payments we need the CRS Form and address proof for the Beneficiary (student) and the person who receives funds, if different. If you want more information regarding this requirement or want to make sure it is a legitimate request, please go to https://www.gov.bm/common-reporting-standard-country-country-reporting. Note that as a student, even if you do not have a TIN assigned by your government you still need to complete the form and sign USING YOUR NATIONAL ID number. You need to report your permanent residence country where you would pay tax if required, not the country you are attending school temporarily. For Bermuda residents, please do not enter the TIN and choose reason A when competing the form. When you are logged in to your STI account, go to the TIN tab and complete all the information (the address should be your permanent residence address). Press save and generate form and your CRS form will be created for you to print and sign. You will also see at the bottom of the tab two slots to upload the CRS and proof of address documents. Make sure that your documents are in pdf format and are no larger than 2MB in size. Once both steps are done, please allow 21 days after approval for the funds to be deposited in your account.