Press Release
March 31, 2014

Trillanes: Invest on poor, deserving students

In anticipation of the new academic year, Senator Antonio "Sonny" F. Trillanes IV filed Senate Bill No. 637 or the Comprehensive Student Loan Program.

Trillanes said, "This bill is intended to fulfill the commitment and resolve of the State, as enshrined in the Constitution, to pursue the democratization of educational opportunities for every deserving citizen and promote social and economic development for every Filipino family."

Trillanes added that despite the government's efforts to provide quality and accessible education, a number of capable students are prevented from pursuing college degree due to their dire financial conditions. There are existing government scholarship programs for these students but, due to their limited scope and coverage, the results are still far from the government's aim.

SBN 637 seeks to strengthen CHED's educational assistance program and create a P5 Billion Student Loan Fund to be administered by an Educational Loan Fund Authority under the Commission on Higher Education. It proposes to establish a comprehensive mechanism that would allow eligible students, who are financially incapable, to apply for loan to support their matriculation, school fees, and other expenses needed for quality education.

"With this measure, we look forward to helping a number of our students who are determined to finish their studies. In the end, it is our country that will benefit from having a learned and skilled citizenry. It is just right that we invest on them," Trillanes further noted.

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