Student coming from poor families may apply for new scholarships and interest-free loans from the Philippine government so they could study in public and private colleges and universities.
President Arroyo recently launched a P10-billion Student’s Assistance Fund for Education for a Strong Republic (SAFE-4-SR), targeting relief for financially challenged students.
From the new government assistance package, P500 million will be set aside for scholarships while the other half billion will be allocated for emergency student loan programs giving priority to those planning to take agricultural and fisheries courses.
Under the government’s emergency loan program, students can avail themselves of P8,000 loans every semester to pay for their tuition, books and other educational expenses. This latest loan assistance package will give priority to college students planning to become agri-businessmen.
This college loan assistance will greatly benefit more than 60,000 college students while some 10,000 students can avail themselves of the scholarships program.
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