The Commission on Higher Education (CHED) said several private colleges and universities have assured that they will not implement a tuition fee increase this school year.
CHED Chairperson Prospero de Vera said universities like the University of Santo Tomas and De La Salle University already announced that they would not be increasing their tuition.
“Iyang mga universities na malalaki, kayang kaya nila itong financial situation (Those big universities, they can handle this financial situation) because their sources of income are varied. They have other businesses,” he said.
CHED also assured they already have a mandate on the implementation of staggered payment on tuition fees.
President Rodrigo Duterte on Thursday (May 28) has appealed to private school institutions to allow staggered payments. He also announced that parents, who cannot afford to pay their child’s education fees, can request for a loan.
“Itong Land Bank, bubuksan namin (We will open Land Bank) and you can borrow money to finance the education of your children,” he said. AAC (with reports from Dante Amento)
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