P9.8B to fund a million Pinoy scholarsThursday, February 23, 2012 07:22 AM Views : 1887Nikka Garriga
MANILA CITY, METRO MANILA The government aims to sponsor more than a million underprivileged students for this year by allotting some P9.8 billion for its scholarship programs.
About P6.28 billion of the amount will be distributed to the Department of Education (DepEd) for its Government Assistance to Students and Teachers in Private Education (GASTPE) program.
This will cover an estimated one million public high school students who will be transferred to private institutions until they finish schooling.
The Department of Science and Technology (DoST) will get P2.1 billion for science-related scholarship programs.
A portion of this will be used to fund 10,000 scholars who are currently at their undergraduate and graduate studies, while the remaining will be used Philippine Science Public High School students.
Meanwhile, the Commission on Higher Education (CHED) will be provided P681 million for its Student Financial Assistance Program. The additional funding will benefit around 47,330 tertiary-level students taking up courses demanded in priority industries.
Vocational and technical scholarship funds will be given P700 million to open 30,000 slots for training-to-work programs of the Technical Education Skills Development Authority (TESDA).
With the earmarked project, the Department of Budget and Management (DBM) hopes to educate more of the Filipino youth towards knowledge-based industries such as the business and knowledge process outsourcing (BPO/KPO).
By investing in scholarships for our most deserving students and enhancing their natural aptitudes, we're also giving them the means and opportunity to become highly functional members of society, Budget Secretary Florencio Abad said.