AT least P706 million has been allocated by the Commission on Higher Education (CHED) to fund the education of more than 50, 000 students through the Student Financial Assistance Program (StuFAP).
Julito Vitriolo, CHED executive director, on Friday said that some 52, 517 needy yet deserving students can avail the scholarship program offered by the Commission.
Vitriolo said this year’s StuFAP is 10 percent higher as compared to last year which provided only 48, 000 slots.
“The StuFAP supports poor but deserving high school and college students enrolled in public and private higher education institutions (HEIs),” Vitriolo said in an interview.
The CHEd, he added, has also provided financial assistance to 4,041 students enrolled in 35 selected state universities and colleges (SUCs) under the “Students Grants-in-Aid Program for Poverty Alleviation (SGP-PA) with a budget of P500 million.
Student-beneficiaries are selected by the Department of Social Welfare and Development under its Pantawid Pamilyang Pilipino program.
The CHED also provides four-year college education to former rebels and amnesty grantees through the Bangsamoro and Pamana Special Grants-In-Aid Programs which have already benefited over 800 beneficiaries.
Vitriolo likewise said they will increase its support to private colleges and universities under the Expanded Private Education Student Financial Assistance program in the amount of P1 billion or more than 32, 000 slots for the academic year 2014-2015.
This allocation is over and above the requested P1 billion or approximately 26, 000 slots for SGP-PA beneficiaries and students in SUCs.