HB05066: AN ACT MANDATING ALL PRIVATE HIGHER EDUCATION INSTITUTIONS TO IMPLEMENT A STUDY-NOW-PAY-LATER PROGRAM
This bill mandates all private higher education institutions (PHEIs) to implement a Study-Now-Pay-Later program, aiming to make tertiary education more accessible to Filipino citizens. It recognizes the role of PHEIs in providing better access to education and nation-building. The program will cover the full amount of tuition fees for eligible students, allowing them to pay after securing gainful employment.
The most beneficial provision is the mandatory implementation of the Study-Now-Pay-Later program by PHEIs, ensuring that financial constraints do not hinder students from pursuing higher education and contributing to the country's development.