{"id":7063,"date":"2014-04-15T13:00:52","date_gmt":"2014-04-15T05:00:52","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=7063"},"modified":"2014-04-15T13:22:58","modified_gmt":"2014-04-15T05:22:58","slug":"sen-sonny-angara-files-a-bill-on-student-loan-program","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/04\/15\/sen-sonny-angara-files-a-bill-on-student-loan-program\/","title":{"rendered":"Sen. Sonny Angara files a bill on student loan program"},"content":{"rendered":"<p><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/04\/482509_417028431720045_1015366533_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7064\" alt=\"482509_417028431720045_1015366533_n\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/04\/482509_417028431720045_1015366533_n.jpg\" width=\"959\" height=\"960\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/04\/482509_417028431720045_1015366533_n.jpg 959w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/04\/482509_417028431720045_1015366533_n-150x150.jpg 150w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/04\/482509_417028431720045_1015366533_n-300x300.jpg 300w\" sizes=\"auto, (max-width: 959px) 100vw, 959px\" \/><\/a><\/p>\n<p><em>Sen. Sonny Angara, in his new bill, aims to give eligible students a chance to pursue and finish their education. Photo: Facebook Page of Sen. Sonny Angara<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>To help more Filipinos finish their education.<\/p>\n<p>This is the main goal of Senator Juan Edgardo \u201cSonny\u201d Angara,\u00a0a known advocate of educational reform, in filing Senate Bill No. 2169.<\/p>\n<p>\u201cDespite the National Government\u2019s mandate to make education accessible to all Filipinos, the reality is that many impoverished Filipino families remain unable to send their children to school,\u201d Angara, chair of the Senate Ways and Means Committee said.<\/p>\n<p>A study conducted by the Commission on Higher Education (CHED) found that only 60,000 students in 2011 or about two percent of approximately 2.7 million students were assisted by the government&#8217;s\u00a0 student financial assistance programs.<\/p>\n<p>\u201cEven with the government\u2019s existing programs, it is apparent that available financial assistance to students are not enough to cater to those who are in need,\u201d he said.<\/p>\n<p>The bill aims to establish a voluntary student loan program to be administered by private banks and government financial institutions (GFIs). Eligible students will be granted financial assistance so they can pursue and finish their post-secondary technical-vocational, college and post-graduate education.<\/p>\n<p>It also states in the bill that the banks and GFIs should allot a portion of their loanable funds for student loans.<\/p>\n<p>The bill also facilitates a flexible paying scheme, as the students who were granted loans could repay the amount in an installment basis after finishing their studies.<\/p>\n<p>With the approval of the Bangko Sentral ng Pilipinas (BSP), banks that granted student loans could receive incentives.<\/p>\n<p>\u201cThis is envisioned to complement the existing financial assistance programs being implemented by the government, to help meet our students\u2019 needs,\u201d Angara said.<\/p>\n<p>With report from Manila Bulletin<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Sonny Angara, in his new bill, aims to give eligible students a chance to pursue and finish their education. &hellip;<\/p>\n","protected":false},"author":44,"featured_media":7064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,95],"tags":[2148],"class_list":["post-7063","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news-ph","tag-student-loan-program","mauthors-katherine-marfal-teves","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/7063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=7063"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/7063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/7064"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=7063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=7063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=7063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}