The Unified Financial Assistance System for Tertiary Education Act, or UniFAST — also known as Republic Act No. 10687 — was signed into law in October 15, 2015. UniFAST reconciles, improves, strengthens, expands, and puts under one body all government-funded modalities of Student Financial Assistance Programs (StuFAPs) for tertiary education – and special purpose education assistance – in both public and private institutions. These modalities include scholarships, grants-in-aid, student loans and other specialized forms of StuFAPs formulated by the UniFAST Board.
The UniFAST law – and its Implementing Rules and Regulations (IRR) – are intended to make the implementation of StuFAPs in the tertiary level more effective, efficient, and politically-neutral or free of political labeling.
To provide learners rationalized access to quality tertiary education through unified and harmonized StuFAP modalities nationwide
A society with empowered and proficient graduates and technical experts who can contribute to the country’s national development assisted and ensured equitable access to quality education among all genders and socioeconomic classes, especially the marginalized sector through a unified, harmonized, and efficient government-funded Student Financial Assistance Program modalities for Tertiary Education.