LEGAZPI CITY, July 15 (PNA) –- The provincial government of Albay has started collecting payments of the educational loans granted to graduates who benefited from the Albay Higher Education Contribution Scheme (AHECS).
Out of the 88,444 student grantees from 2007 to 2015, there are 17,300 AHECS graduates who are required to repay the provincial government.
AHECS is a study-now-pay later program of the province that was introduced by then governor Jose “Joey” Salceda Jr, who is now a second district congressman.
The program got the biggest chunk of the P14-million provincial budget from 2009 to 2010 that was sourced from the general fund while Land Bank of the Philippines provided a guaranteed loan of P700 million in 2010.
Vice Governor Harold Imperial said it is high time for the provincial government to require all graduates and even the drop outs to pay the government.
The Provincial Education Department (PED) of Albay reported that the total due for collection under the AHECS program is P530.4 million.
As of July 14 this year, the total amount collected was P348,849.00.
Imperial said PED has intensified their monitoring and coordination to fast track the collection process.
“AHECS graduates need to secure clearance from the PED office and pay their dues directly to the provincial treasurer’s office,” he said.
From 34,000 students in 2007 AHECS grew to 77,172 in 2012 and 88,444 in 2015. (PNA) LAP/GVR/MDR/CBD