Good news: Student loans may soon be granted
Posted by jammed on July 30, 2007 · Leave a Comment
The Commission on Higher Education will be increasing its funding for student loans to P4 billion from P215 million, the Philippine Daily Inquirer reports. Due to this, student loans may soon be available from the government of as much as P30,000 per year to finance their education. This will serve as financial aid to less fortunate students and they can pay it later.
The funds could be availed of as early as the second semester of the current school year which begins in November. The student loan program’s bank is the Land Bank of the Philippines which has committed itself to providing some P1 billion in funding.
Further, the qualification standards will not be that strict so everyone can avail to it. The program will be available by the second semester this year and will be fully implemented by 2008.
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