Legarda Files National Student Allowance Program Bill
MANILA, Philippines – Senator Loren Legarda, serving her fourth term, has filed the National Student Allowance Program (NSAP) Act, aiming to grant a monthly allowance of ₱1,000 to every Filipino student from kindergarten through college. This bold initiative seeks to improve educational access and support through consistent financial aid.
The National Student Allowance Program bill complements a similar proposal filed in the House of Representatives by her son, Congressman Leandro Legarda Leviste. Their joint effort highlights a shared dedication to making education inclusive and accessible for all Filipino students nationwide.
How the National Student Allowance Program Works
The NSAP intends to provide monthly funds to students who meet minimum attendance requirements. The allowance is designed to assist with essential educational expenses such as food, transportation, and school supplies. This practical support aims to ease the financial burdens that often hinder students’ academic progress.
To ensure proper use, the allowance will be distributed through student cards or digital vouchers. These can be redeemed only at authorized vendors like school canteens, transport services, and school supply stores. This system not only guarantees that funds go directly toward education but also encourages regular school attendance and better academic performance.
Legarda Emphasizes Long-Term Investment in Education
“This is not ayuda or short-term relief. This program is grounded in the belief that investing in every Filipino student is investing in the nation’s present and future,” Legarda stressed. She pointed out that the allowance is strictly for school-related expenses, which helps eliminate corruption and ensures equitable distribution across the country.
Furthermore, the bill promotes digital financial inclusion by allowing the student card to double as a basic savings or e-wallet account. This feature empowers students to practice responsible budgeting and engage in secure financial transactions, fostering financial literacy from a young age.
Ensuring Accessibility and Sustainability
The Bangko Sentral ng Pilipinas (BSP), alongside partner agencies, will oversee the accessibility of these digital systems, especially in remote and disadvantaged regions. This commitment aims to bridge the digital divide and ensure all students benefit from the program.
To maintain the program’s viability, the Department of Finance (DOF) will lead efforts to develop a sustainability framework. They will also conduct an actuarial analysis every five years to monitor costs and demographic changes, ensuring the NSAP remains effective and responsive to evolving needs.
Impact and Future Prospects
The NSAP is set to assist over 30 million students nationwide. It strengthens the government’s constitutional duty to provide quality education that is both accessible and sustainable. Local leaders noted that this program could be a game-changer for Filipino students facing financial difficulties.
For more news and updates on the National Student Allowance Program, visit Filipinokami.com.