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Approval of proposed unified student financial assistance system pushed

Approval of proposed unified student financial assistance system pushed

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Published by pribhor2
Approval of proposed unified student financial assistance system pushed
Approval of proposed unified student financial assistance system pushed

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Published by: pribhor2 on Jan 22, 2013
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01/22/2013

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Approval of proposed unified student financial assistance system pushed
Lawmakers are pushing for the passage of the proposed comprehensive and unifiedstudent financial assistance system that will fund quality education to benefit more poor students.The still unnumbered bill, which substitutes House Bill Nos. 26, 405, 667, 965, 1097,1246, 1852, 2021, 2108, 2243, 2333, 2527, 2791, 2793, 2829, 3433, 3589, 3702, 3739, 3837,4218, 4254, 4394, 4439, 5136, 6227, 3908, 4725, 6201,1341, 3133, 4591, 4597, 4833, 5134,5136, 6020, 6122, 6571, 6598, 43, 153, 242, 365, 499, 670, 1247, 1331, 1610, 1820, 2097, 3719,and 6121, awaits approval by the House Committee on Higher Education (HCHE) chaired byRep. Juan Edgardo Angara (Lone District, Aurora). The measure shall harmonize all government scholarship and grants-in-aid programs to promote greater efficiency, coherence, synchronization, rationalized access, effective funding andimproved coordination among implementing entities.Angara, one of the authors of the measure, said the bill shall address problems related toaccess, equity and distribution of student financial assistance slots, targeting of beneficiaries,allocation and utilization of government resources, tracking of the whereabouts of beneficiaries,the payment recovery rate on student loans and compliance system on scholarships andmanagement, as well as program administration and oversight concerns.The measure provides for the implementation of the unified student financial assistancesystem to be known as the Unified Financial Assistance System for Higher and TechnicalEducation (UniFAST).UniFAST shall have integral components of all existing financial assistance programs for higher and technical education students in both public and private institutions, including nationalscholarships, grants-in-aid, special purpose or sector educational assistance, student loans, andgovernment programs in partnership with other stakeholders, among others, and which arenationally funded and/or implemented by national government agencies, branches andinstrumentalities.To carry out the measure effectively, a UniFAST Board shall be created to formulate andapprove the national government student financial assistance policies and strategies for tertiaryeducation and review existing policies to ensure consistency with its policy framework under theAct.The measure shall create a Congressional Oversight Committee composed of fivemembers each from the Committees on Higher and Technical education of the Senate of thePhilippines and of the House of Representatives to oversee the implementation of the Act.In addition, a Stakeholders Accountability Committee (SAC) shall be created composed of representatives from parents, organizations and students’ groups, the youth sector, teachers andeducators’ groups, HEIs and TVIs, and the industry. The SAC shall ensure transparency and
NR # 2992BJAN. 22, 2013

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