Nation

COA: Php1.23 billion fund for poor students,unspent

Screen grabbed from internet
Screen grabbed from internet

The Commission on Audit (COA) revealed that there is Php1.23 billion fund for poor students that was unspent in 2014.

COA discovered that the Commission on Higher Education (ChEd) had some internal control weaknesses in opening the slots and process of releasing the allowance under the student financial assistance programs (STUFAPS).

In 2014, ChEd was given Php5.2 billion fund as educational assistance for almost 400, 000 poor college students.

From the said amount, around Php1.23 billion of the fund of ChEd was not used, aside from the multiple payments of 703 students reaching to Php3.44 million.

 

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