Tuition Fee Free Funds paid to schools
The government through the Education Department has paid over K90 million of Tuition Fee Free (TFF) funding into the accounts of 9,979 eligible schools for the commencement of term two.
Education Minister Nick Kuman said schools can begin second term because the government has completed payment of the component one payment of K300 million for terms one and two.
Minister for Education, Nick Kuman, in a statement assured school administrators and stakeholders that K97,836,482.70 of Tuition Fee Free (TFF) funding has been released by Treasury to the Bank of Papua New Guinea (BPNG) on Wednesday, 15th April, 2015 to schools’ accounts.
Minister Kuman also said that any remaining balance in the Department of Education’s TFF account will be used to pay schools that have been underpaid in terms one and two or pay schools that have missed out due to not fulfilling the four criteria set in the minimum standards.
Mr Kuman said he is compassionate about the education of children of this country and will ensure that schools meeting the funding criteria get their funds on time.
BPNG then credited the funding to the three commercial banks to deposit the breakups into the accounts of 9,979 eligible schools before the commencement of term two.
Schools that hold accounts with the Bank South Pacific and Westpac Bank may have accessed their payments by the end of last week while those that bank with ANZ should be able to access their payments on Monday.
He said another 3,981 schools’ operational status and other quality check requirements which are being verified with provincial authorities will be completed by the end of this month and funds will be given depending on their status.
Education Minister Nick Kuman said schools can begin second term because the government has completed payment of the component one payment of K300 million for terms one and two.
Minister for Education, Nick Kuman, in a statement assured school administrators and stakeholders that K97,836,482.70 of Tuition Fee Free (TFF) funding has been released by Treasury to the Bank of Papua New Guinea (BPNG) on Wednesday, 15th April, 2015 to schools’ accounts.
Minister Kuman also said that any remaining balance in the Department of Education’s TFF account will be used to pay schools that have been underpaid in terms one and two or pay schools that have missed out due to not fulfilling the four criteria set in the minimum standards.
Mr Kuman said he is compassionate about the education of children of this country and will ensure that schools meeting the funding criteria get their funds on time.
BPNG then credited the funding to the three commercial banks to deposit the breakups into the accounts of 9,979 eligible schools before the commencement of term two.
Schools that hold accounts with the Bank South Pacific and Westpac Bank may have accessed their payments by the end of last week while those that bank with ANZ should be able to access their payments on Monday.
He said another 3,981 schools’ operational status and other quality check requirements which are being verified with provincial authorities will be completed by the end of this month and funds will be given depending on their status.
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