CHED, DBP Sign MOA for Full Implementation of College Students' Loan Program

Manila Bulletin, April 17, 2019 | Go to article overview

CHED, DBP Sign MOA for Full Implementation of College Students' Loan Program


By Merlina Hernando-Malipot

To be able to help needy students pursue their studies in public and private schools, the Commission on Higher Education (CHED) on Wednesday signed an agreement with the Development Bank of the Philippines (DBP) for the full implementation of the Student Loan Program for Tertiary Education-Short Term Basis (SLPTE-ST).

CHED-Unified Student Financial Assistance System for Tertiary Education (UniFAST) signed a Memorandum of Agreement (MOA) with the DBP for the SLPTE-ST.

CHED and UniFAST Chairman J. Prospero De Vera III and DBP Executive Vice President Fe Susan Prado signed the MOA to provide "timely and automated disbursement requirements for Universal Access to Quality Tertiary Education Act or UAQTEA's SLPTE-ST and other scholarships, grants, and financial assistance programs."

"This partnership between CHED/UniFAST and DBP is the long-awaited final component of RA 10931 to help needy students pursue undergraduate and graduate studies in public and private schools by providing them short term loans for their education needs," De Vera said.

The SLPTE-ST is one of the programs under Republic Act 10931 or the Universal Access to Quality Tertiary Education Act (UAQTEA) with a P-1 billion allocation for academic year (AY) 2018-2019.

It can be availed of by students, with liquidity problems, who are enrolled in state universities and colleges (SUCs), CHED-recognized local universities and colleges (LUCs) and private higher education institutions (HEIs) that are listed in the UniFAST Registry of Institutions and Programs. …

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