(Metro News) Makati raises monthly stipend of college scholars

February 12, 2012 11:30 am 

MANILA, Feb. 11 — Starting next school year, 2012-2013, Makati scholars enrolled at the University of the Philippines (UP) and Philippine Normal University (PNU) will be receiving a monthly stipend of P4,000 after the City Council approved the P3.9-million budget appropriation through City Ordinance No. 2012-001.

According to Makati Mayor Jejomar Erwin S. Binay that they have increased the monthly stipend of the scholars by P1,000 to help them cope with the high cost of living. Under its college scholarship program, the city government grants full scholarship at the said universities to economically disadvantaged but deserving high school graduates. This covers their tuition, book allowance, and monthly stipend, which has been increased from the current P3,000.

“We have decided to raise the scholars’ allowance in anticipation of an increase in the prices of commodities and transportation, in view of the continuous oil price hike and other local and global factors affecting the cost of living,” Binay said.

Recently, the mayor hailed the first batch of graduates under the city’s scholarship program in UP, which included a magna cum laude and three cum laude graduates.

The scholarship program for UP and PNU students was launched in 2005 through City Ordinance No. 2005-067 with the aim of fully developing the potential of qualified graduates of Makati’s public high schools.

Under the program, the city government reimburses the expenses for the scholars’ tuition and provides for the book allowance and monthly stipends of the scholars per semester.

To qualify, an applicant must be a resident of Makati, with a gross annual family income not exceeding P250,000; must not be a grantee of scholarships or benefits from other individuals or agencies; and must be a bona fide student currently enrolled at UP or PNU.

The scholarship is renewable every semester until the recipient has finished his or her degree or course, provided he or she meets the following conditions: must have obtained an average grade of 85 percent or 2.0 (or its equivalent) or better for a load of at least 15 units with no failing grade, and must not shift to another course or go on leave of absence without prior approval of the Office of the Mayor. (PNA) RMA/CLTC

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