PHILIPPINES, August 14 - Press Release
August 12, 2022
PINUNO BILL SEEKS TO GIVE LONG TERM PERSONAL LOAN TO COLLEGE STUDENTS TO PROVIDE FOR THEIR LIVING EXPENSES
Senator Manuel "Lito" Lapid has filed Senate Bill No. 274 which seeks to establish the College Living Expenses Financing (CLEF) program to support higher studies of Filipino students of good academic standing. The bill, once it becomes a law will mandate the national government to set up a loan guarantee fund on student loans to be provided by the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP).
The bill recognizes RA 10931 also known as Universal Access to Quality
