Comprehensive Scholarship and Student Financial Assistance Reform Act

This seeks to rationalizes provisions and rules governing all publicly funded scholarship based on merit and talent, student loans, grants and vouchers. This will modify the existing law on Government Assistance to Students and Teachers in Private Education, and integrate under one set of policies the optimal resource use, systematizing of clientele targeting and selection and awarding of grantees. The legislation is patterned after Thailand's Income-Contingent Allowance and Loans Program and the Australian Higher Education Contributions Scheme.