Endowment
SUCs lamented the Philippine government's inadequate financial aid. For the 2003-2004, SUCs only had PHP 16.8 billion, and about 40 percent of it went to the University of the Philippines and the Mindanao State University. However, in 2008, the Philippine Congress alloted PHP 20.8 billion in subsidy for the operations of state universities and colleges.
Collectively, SUCs have a student population of approximately 865,000, which means that every student is subsidized by an average of PHP 24,000 per school year. Each Filipino family contributes PHP 1,185 a year to run these schools through their tax payments. Of the total amount, PHP 15.4 billion for the salaries of faculty members and employees.
Read more about this topic: State University And College (Philippines)
Famous quotes containing the word endowment:
“The parent must not give in to his desire to try to create the child he would like to have, but rather help the child to develop—in his own good time—to the fullest, into what he wishes to be and can be, in line with his natural endowment and as the consequence of his unique life in history.”
—Bruno Bettelheim (20th century)
“... it matters not what natural endowment a race may have if it prostitutes itself to the service of death.”
—Rebecca West (1892–1983)
“I wish more and more that health were studied half as much as disease is. Why, with all the endowment of research against cancer is no study made of those who are free from cancer? Why not inquire what foods they eat, what habits of body and mind they cultivate? And why never study animals in health and natural surroundings? why always sickened and in an environment of strangeness and artificiality?”
—Sarah N. Cleghorn (1976–1959)