Expansion of Slots Available Under the Study Now Pay Later Plan Program
Letter of Instructions No. 1405, issued on May 1, 1984, directs the Ministry of Education, Culture and Sports, along with various financial institutions, to increase the annual slots for the Study Now Pay Later Plan Program from 4,000 to 5,000. It also places the proposed merger of the National Educational Loan Assistance Center and the National Scholarship Center on hold until further notice. Additionally, the Ministry is tasked with conducting a comprehensive study to enhance the Study-Now-Pay-Later Plan and to promote the democratization of educational opportunities in the Philippines.
Law Information
- Reference Number
- Letter of Instructions No. 1405
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 1, 1984
LETTER OF INSTRUCTIONS NO. 1405
TO : The Minister, Ministry of Education, Culture & Sports; The Minister, Ministry of Labor and Employment; The Chief Executive Officers of PNB, DBP, GSIS, SSS and LBP
You are hereby directed to expand the number of slots available under the Study Now Pay Later Plan Program from 4,000 to 5,000 per annum. The proposed merger of the National Educational Loan Assistance Center and the National Scholarship Center, both under the Ministry of Education, Culture and Sports, shall be held in abeyance until further notice. casia
Further, the Ministry of Education, Culture and Sports is instructed to conduct a thorough study and submit recommendations to strengthen the Study-Now-Pay-Later Plan and the national policy of democratizing educational opportunities.
DONE in the City of Manila, this 1st day of May, 1984.
Cite This Law
Expansion of Slots Available Under the Study Now Pay Later Plan Program, Letter of Instructions No. 1405, May 1, 1984 (Philippines)
Expansion of Slots Available Under the Study Now Pay Later Plan Program, Letter of Instructions No. 1405 (Phil. 1984)
Related Laws
- Further Democratizing Educational Opportunities Promoting the "Study Now Pay Later Plan" and Specifying Various Schemes for its ImplementationPresidential Decree No. 932 • May 13, 1976 • Presidential Issuances
- Systematic Effort to Increase National Government Assistance to StudentsLetter of Instructions No. 1424 • Sep 10, 1984 • Presidential Issuances
- Establishment of a Government-Wide Scholarship Program in Public AdministrationLetter of Instructions No. 395 • Apr 19, 1976 • Presidential Issuances
- Implementing Rules and Regulations in the Administration and Implementation of the Enhanced Study-Now-Pay-Later PlanCHED Memorandum Order No. 016-11 • Jul 13, 2011 • Implementing Rules and Regulations
- Implementing Rules and Regulations for the CHED-Senate Study Grant ProgramCHED Memorandum Order No. 013-02 • Jul 9, 2002 • Other Rules and Procedures
- Guidelines on Eligibility of Displaced HEI Personnel to the Grants under the K to 12 Transition ProgramCHED Memorandum Order No. 051-16 • Sep 22, 2016 • Other Rules and Procedures
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