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    Education bonds seen as a source of fund for free college education

    by UNTV News   |   Posted on Thursday, August 10th, 2017

    MANILA, Philippines — One- Ang Edukasyon Partylist Representative Salvador Belaro believes there is a way to source funds for the free college education after the bill has been enacted.

    He said, based on his partylist’s analysis, there is a 16 billion-peso budget that can be realigned from other budget items.

    Should it be insufficient, the government may issue education bonds as the source of the funds needed.

    “It’s like debt in financial markets. You issue a bond, it is an obligation of the government to pay the buyer of the bond at a certain interest, and pay the principal at a certain future time,” said Belaro. — UNTV News & Rescue

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    Pres. Duterte signs into law free tuition bill for SUCs

    by UNTV News   |   Posted on Friday, August 4th, 2017

    MANILA, Philippines — Deputy Executive Secretary Menardo Guevara said President Rodrigo Duterte signed last night the Universal Access to Quality Tertiary Education Act following a meeting with his economic advisers.

    “I am pleased to announce that last night, August 3, 2017, the president signed into law the enrolled bill,” Guevarra said.

    Under the new law, the government will be able to provide free tuition to students of state universities and colleges (SUCs) and even those enrolled in vocational schools across the country.

    Although the chief executive’s economic team opposed the said measure, Guevarra said the president believes signing it would have a huge impact on the country’s development.

    “Free tertiary education in state universities and colleges is a pillar or cornerstone of the president’s social development policy. So he weighed everything and came to the conclusion that the long-term benefits that will be derived from a well-developed tertiary education will definitely outweigh any possible short-term budgetary challenges,” Guevarra said.

    Senator Bam Aquino, the principal sponsor and co-author of the measure, thanked the president for approving the free SUC tuition bill.

    Sen. Joseph Victor Ejercito said deserving students will finally have the chance to go to college for free.

    For Senator Vicente Sotto III, this is an important day for the country’s educational system, while Senator Francis Escudero noted the new law can be considered as among the legacies of the Duterte administration.

    President Duterte’s approval of the SUC bill will prompt Congress to make some changes in the 2018 proposed national budget to include funding for the new legislation. — Macky Libradilla | UNTV News & Rescue

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    PRRD likely to sign Free Tuition Bill in SUCs before SONA in July

    by UNTV News   |   Posted on Thursday, June 1st, 2017

    IMAGE_UNTV_NEWS_053017_COLLEGE STUDENTS

    About 2-million students of state colleges and universities will benefit from government subsidies once the universal access to quality tertiary education passes into law.

    Sen. Bam Aquino, the author of Universal Access to Quality Tertiary Education Bill said, “No money will be collected from them for regular fees, so the tuition and other fees will be free.”

    President Rodrigo Duterte might sign the bill before July this year.

    Qualified for the free tuition are Filipino citizens who have passed the entrance exam and are undergraduates.

    Indigent students may apply under the support fund to avail of transportation, food and boarding house allowance.

    Lawmakers will leave up to the SUCs (state universities and colleges) to decide on the other mechanism for the basis of the free tuition.

    Private school students may apply for a student loan or scholarship grants.

    “You are entitled to a support fund so you can continue your studies even in private schools,” Sen. Win Gatchalian said.

    The government has allocated about P8-billion for the free tuition this year.

    Meanwhile, about P50 to P53 billion is the budget needed yearly for the implementation of the program.

    After the Bicameral Conference Committee, the President is expected to sign it into law before his State of the Nation Address in July.  – Nel Maribojoc | UNTV News and Rescue

     

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    Million SUC students are free from tuition fee starting AY: 2017-2018

    by UNTV News and Rescue   |   Posted on Wednesday, April 26th, 2017

    MANILA – The government has allotted P8-billion fund as budget for the free tuition of students at State Universities and Colleges (SUC) for academic year 2017-2018.

    The Commission on Higher Education (CHED) says the higher education support fund is in accordance with a directive from President Rodrigo Duterte which aims to give priority to the poor who would like to study.

    “Hindi pwedeng mangulekta ang SUC ng tuition fee sa mga estudyante. Instead sisingilin nila ang CHED kasi nasa amin yung pondo,” CHED-UNIFAST Deputy Exec. Dir. Nicholas Tenazas said. (The SUC must not collect fees from students. Instead they must collect from CHED since the fund is with us.)

    CHED, added however, that students will still pay for some expenditure such as miscellaneous fees.

    About one million students from 112 SUC’s are expected to benefit from this program.

    Aside from the poor, also to be prioritized are those who are about to finish their studies and those who are covered by The Pantawid Pamilyang Pilipino Program (4P’s).

    “Ang general rule doon ay wala namang qualifications basta lahat mag enroll kayo tapos ang gagawin ng SUC titingnan kung kasya lahat tapos iisa-isahin lang uunahing bigyan ng priority yung mahihirap,” Tenazas added.

    (The general rule is that there are no qualifications. Everyone may enroll. What the SUC will do is that it will check everyone can be covered. There will be checking one by one. And the poor must be prioritized.)

    Students welcomed the good news.

    “Parang yung P4,300 sa 1stsem tapos P4,300 din po sa [2ndsem]  parang allowance ko na rin ng isang taon yun,” engineering major, Nestor Balimbim said. (P4,300 will be for the first semester, and P4,300 for the second semester. It’s like my allowance for the whole year.)

    PUP student George Cunanan said, “Kahit maliit po yung tuition namin, makakatulong pa rin po sya pag-nawala (Despite our small tuition, this [free tution] can still greatly help). ”

    CHED further added that the free tuition program may cover students who stopped going to school.  — Rey Pelayo |  UNTV News & Rescue

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