QUEZON CITY, Oct. 28 (PIA)--President Benigno S. Aquino III has signed into law a bill harmonizing government financial assistance to poor but deserving college students.
Republic Act 10687, otherwise known as the “Unified Student Financial Assistance System for Tertiary Education Act (UniFAST),” was signed by the President on October 15.
UNIFAST will rationalize the allocation, utilization and client-targeting of government resources, and improves access to quality higher and technical education.
It is a law that supplements the Iskolar ng Bayan Act, which aims to acknowledge and reward the excellent performance of the top 10 graduates of the 8,000 public high schools nationwide through free tuition and miscellaneous fees upon enrolment in any of the 113 state universities and colleges in the country.
Under the Iskolar ng Bayan Act, the top 10 high school graduates will enjoy free tuition and miscellaneous fees only for their first year in college.
These scholars will now be able to avail themselves of financial aid, loans or grants in their succeeding college years through the UNIFAST law.
The law creates a UNIFAST board that will supervise the implementation of financial assistance programs to students.
The Commission on Higher Education (CHED) chairman heads the board, with the secretaries of the Department of Science and Technology, Department of Education, head of the Technical Education and Skills Development Authority, and a representative each from the Department of Labor and Employment, National Economic and Development Authority and National Youth Commission as members. (PIA-NCR/RJB/SDL)
See more at: http://news.pia.gov.ph/article/view/231445928125/pnoy-signs-law-on-financial-aid-to-poor-students#sthash.3dNTcSG1.dpuf
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