CEBU CITY, Jan. 25 (PIA) The Commission on Higher Education (CHED), through its attached agency Unified Student Financial Assistance System for Tertiary Education (UniFAST) and in partnership with Landbank of the Philippines, launched the LANDBANK Mastercard Prepaid Card (LMPC) on Jan. 15, 2021.
This is for the beneficiaries of the Tertiary Education Subsidy (TES) Program through the initiative and approval of the UniFAST Board led by CHED Chairperson J. Prospero E. De Vera III.
Through the LMPC, student-beneficiaries of TES can now easily and safely receive their stipends amid the COVID-19 pandemic.
The partnership of the three government agencies is the latest initiative in the implementation of the TES Program to address the challenges of disbursing the financial aid to more than 700,000 TES and Tulong Dunong Program (TDP) grantees during the pandemic.
(Top row, L-R) Philippine President Rodrigo Roa Duterte and House Speaker Lord Allan Jay Q. Velasco extend their congratulations during the recent virtual launch of the LANDBANK Mastercard Prepaid Card for the Tertiary Education Subsidy (TES) Program led by (Bottom row, L-R) LandBank President and CEO Cecilia C. Borromeo, CHED and UniFAST Governing Board Chairman J. Prospero de Vera III, and UniFAST Executive Director Atty. Ryan L. Estevez. (Contributed photo)
CALOOCAN CITY, Jan. 21 (PIA) -In partnership with the Commission on Higher Education (CHED) and the Unified Student Financial Assistance System for Tertiary Education (UniFAST), state-run Land Bank of the Philippines (LandBank) launched the LandBank Mastercard Prepaid Card (LMPC) for the Tertiary Education Subsidy (TES) Program on January 15, 2021.
The Commission on Higher Education (CHED) has partnered with the Landbank of the Philippines (LBP) to launch a cash card for a efficient disbursement of financial grants to students amid the COVID-19 pandemic.
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CHED Chairman J. Prospero De Vera III said the Commission already distributed the one-time grant to a total of 54,761 private school students under the subsidy program called Bayanihan 2 for Higher Education Tulong Program or B2HELP.
“As instructed by President Duterte to immediately implement the Bayanihan 2 amelioration programs, CHED has released close to P300 million to 927 private schools to reduce the unpaid tuition and miscellaneous fees of their students so they can continue their studies,” De Vera said in a statement.
The B2HELP, CHED earlier explained, aims to provide subsidy and allowance to students in public and private tertiary institutions, especially those who still have unpaid school fees for Academic Years 2019-2020 and 2020-2021.
Over 54,000 private school students benefited from Bayanihan 2 subsidy – CHED
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Metro Manila (CNN Philippines, January 13) – Over 54,000 private school students have benefited from the subsidy institutionalized under the Bayanihan to Recover as One Act or Bayanihan 2.
The Commission on Higher Education (CHED) said on Tuesday that a total of 54,761 private school students who have unpaid tuition and miscellaneous fees each received a ₱5,000 grant under the Bayanihan 2 for Higher Education Tulong Program.
CHED Chairperson Prospero De Vera III said around ₱300-million funds were released to 927 private schools to help the students continue their education amid the COVID-19 pandemic.
“CHED thanks President Duterte, as well as the members of the Congress and the Senate, for listening to the plea of students during the COVID-19 pandemic and including an amelioration package for affected students, particularly in private universities and for