Press Release
March 10, 2011


In a recent interview, Senator Edgardo J. Angara stated that one of the main priorities for the Committee on Education, Arts and Culture was the overhaul of the student loan system in the country.

"Right now, around 85% of college students are enrolled in private schools--only 15 percent are being supported by the state. The government must find a way to somehow give aid to the Filipino college students going into private tertiary institutions.

"For a private school, each year would ring up almost Php100,000 from tuitions, other fees and expenses which would be shouldered by the families. Few households in the Philippines can afford that, which is why it is so important for the government to assist them," explained Angara.

This matter was first brought up during the latest Senate hearing to discuss the major issues plaguing the Philippines' education system. According to Angara, who chairs the committee, immediate action must be taken by the agencies involved in time for the start of the academic year in June.

Perhaps, suggests Angara, "We can ask the private sector for additional funding. PPP (public-private partnership) projects might be tapped to establish research funds or student assistance programs under the 'Corporate-Social Responsibility' sector. Tax credit for scholarships may also be offered as an added incentive for these companies."

"We still have to crunch the numbers, and consolidate several other bills which cover student financial assistance. Bottom line is, we must do a restructuring of the entire student loan system in time for the next school year so we can subsidize the education of our future professionals, scientists and leaders," said Angara.

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