The Commission on Higher Education (CHED), and Department of Budget and Management, and the Department of Finance are hereby instructed to mobilize funds for emergency loans to students, especially those in their final year of study and those with ready employment after completing courses. The scheme should replicate arrangements in past years where schools were loan conduits and collecting agents. CHED should launch the program by June at least in the National Capital Region. Let us have a launch giving out loan checks.

Adopted: 16 May 2008

(SGD.) GLORIA MACAPAGAL-ARROYO

BY THE PRESIDENT:

(SGD.) EDUARDO R. ERMITA
Executive Secretary