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new law?
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or LUC campus.
Listahanan 2.0 refers to the information management of the Department of Social Welfare and
Development that identifies the countries poorest.
The law also provides for the creation of a student loan program for tertiary education which
shall be administered by the UniFAST Board. The amount necessary to fund the program shall
be included in the budget of CHED and TESDA.
Those who availed of the loan for their undergraduate degrees may still avail of another cycle of
student loan for their pursuit of graduate studies, including medicine and law only after they have
fully paid the previously availed loan.
Those who did not avail of the loan program for their undergraduate studies may avail of it to
pursue graduate studies, including medicine and law.
Those who did not avail of the loan for their undergraduate studies may avail of the loan
program for their review expenses for licensure examinations administered by the Professional
Regulation Commission.
Repayment of the loan amount or a percentage thereof will be incorporated in the person’s
monthly Social Security System (SSS) or Government Service Insurance System (GSIS)
contribution. The schedule of the repayment and the interest rates shall be formulated by the
UniFAST Board.
Payment of the loan amount shall begin “once the beneficiary secures any gainful employment
with compensation, remuneration or earnings that reaches the Compulsory Repayment
Threshold.
Duterte’s economic team had wanted him to veto the law, citing the costs providing free
education in state-run institutions will entail.
However, Senior Deputy Executive Secretary Menardo Guevarra, who announced Duterte’s
decision to sign the bill into a law, said “free tertiary education in SUCs is a very strong pillar or
cornerstone of the President’s social development policy.”
“He weighed everything and came to the conclusion that the long-term benefits that will be
derived from the well-developed tertiary education on the part of the citizenry will definitely
outweigh any short-term budgetary challenges,” Guevarra added.
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Read More: education free tuition SUCs state universities and colleges Universal Access
to Quality Tertiary Education Act Rodrigo Duterte