Sen Legarda files PHP1,000 monthly student allowance bill

Senator Loren Legarda filed a bill on Monday proposing a PHP1,000 monthly allowance for Filipino students from kindergarten to college.

The National Student Allowance Program (NSAP) Act aims to cover basic school-related needs such as food, transportation, and supplies for enrolled students meeting minimum attendance requirements.

Legarda emphasized that the program is a long-term investment in the country's future and complements a similar bill filed by her son, Rep. Leandro Legarda Leviste, in the House of Representatives.

The allowance would be distributed through student ID cards or digital vouchers that can only be used with accredited vendors to promote financial inclusion and prevent corruption.

To ensure sustainability, the Department of Finance will develop a funding framework and conduct an actuarial study every five years, while the Bangko Sentral ng Pilipinas (BSP) and other partners will work to make services accessible in remote areas.

The bill also promotes digital financial inclusion by allowing student cards to serve as basic savings or e-wallet accounts, enabling students to develop responsible budgeting habits and engage in secure transactions.

If approved, the program is expected to benefit over 30 million students across the country.