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P5-K financial help for recent graduates looking for work was pushed

A bill requesting a PHP5,000 one-time cash reward for each fresh graduate in the Philippines was sent to the House Committee on Higher and Technical Education on Monday.

The House Bill (HB) No. 6542, also known as the proposed “Fresh Graduates P5,000 One-Time Cash Grant Act,” was written by Las Pias Rep. Camille Villar, the deputy speaker, in an effort to encourage recent graduates while they hunt for jobs.

All recent Filipino graduates of Philippine tertiary institutions, colleges, universities, and training institutions are required to apply for financial help, which they can use to cover the initial costs of finding a job and relocating for one.

According to Villar, “This bill seeks to complement and assist recent graduates by providing them with a one-time cash grant in the amount of PHP5,000 which they can use as productivity/earnest fund [for their] employment application, transportation, and settling-in amount if they get a job as soonest.”

She stated that a student who has just graduated and is looking for a job is “at a loss on how to fund for employment application prospectsโ€”the continuously increasing transportation fare and the difficulty of commuting, preparing a decent work wear, printing tons of biodata or curriculum vitae and other expenses needed when one applies for a job” finds himself at a loss.

A copy of the diploma or other acceptable proof of graduation provided by the educational institution must be presented to the government agency or local government unit in question in order to be eligible for financial help. The diploma, certification, document, or communication should be signed by a fully authorized representative of the institution and should include the date of graduation or completion as well as the course is taken or degree received.

It will be decided to establish an interagency monitoring group, whose chairman will be the Commission on Higher Education (CHED). The body will draft the implementing guidelines and regulations and oversee the various governmental institutions’ observance of them.

Once this bill is passed, CHED will receive the appropriations required to carry it out. Congress may decide on this amount after consulting with various stakeholders.

While some could characterize the award as a form of a handout, the greater goal is actually an investment in the burgeoning labor force, which is in the State’s best interest. In a similar vein, offering assistance is a sign of a compassionate administration and a manifestation of the ‘Parens Patriae’ ideal, which demonstrates the State’s dedication to advancing the highest interests of Filipino youth, according to Villar.

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