During the first year of its operation, the institution was registered in the Securities and Exchange Commission (SEC) as National College of Science and Technology, Inc. (NCST) with Alfonso E. Borda as its first president and chief executive officer.

In April 2005 the board of trustees approved the change of the name to Lyceum of Subic Bay to provide a broadened course offering.

The college is approved to offer the first two years towards a bachelor in elementary education (BEEd) with a major in early childhood, and the first two years towards the bachelor in secondary education (BSEd) major in English.

[1] The school has a number of sports teams active in Philippines college leagues, as a member of the National Athletic Association of Schools, Colleges and Universities (NAASCU) and of Philippine Collegiate Champions League (PCCL): Though Lyceum of Subic Bay includes the word lyceum in its name, is not affiliated with Lyceum of the Philippines University which has campuses in Manila, Makati, Batangas, Laguna and Cavite.

This article about a Philippine institution of higher education is a stub.