Financial problems are the leading cause of our country’s very low college graduation rate, which has been 18–20% for the past ten years, both for public and private higher education institutions. In fact, back in 2014, more than 600,000 college students dropped out of school due to financial problems.
Why has the problem of financial accessibility in higher education persisted for so long?
Limited Funding Opportunities
With the lack of inclusive financial services for education, it is no wonder why for the past ten years, only one out of five college students make it to graduation day.
Higher Education for All
We saw how ripe the market was for our initiative, given that the Philippines’ philanthropy and impact investing market have a combined present worth of 33.6 billion pesos. Additionally, Southeast Asia also ranks first in impact investing, with education as the top investment choice.
Financial accessibility in higher education is an urgent, but solvable problem. With great collaboration, we can help millions of Filipino youth achieve their dreams.
References: Philippine Statistics Authority, 2013 | Commission on Higher Education, 2013 | Asian Development Bank, 2013