, a student loan platform for college students in the Philippines,听expanded its Global Nurse Education Finance Initiative, which aims to support the education of 800 qualified nursing students in the country for the next five years听through a P7 million听education fund.听
The听initiative, a collaboration with听Johnson & Johnson Philippines, Inc., introduced this July听a loan forgiveness incentive for nurses who will graduate and work at medical facilities in the country. This is meant to address the听Philippines鈥櫶齭hortage of healthcare workers.听
InvestEd鈥檚听initiative, as听part of the听alliance听dedicated to helping future听frontliners, seeks to secure听Filipino medical students鈥 education听by removing听socioeconomic barriers.听Nursing students who听need help听paying for tuition, housing, gadget expenses, and board exam and additional accreditation fees听can turn to听InvestEd鈥檚听revolving education fund, provided for by J&J鈥檚 financial grant.听
The loans follow a Study Now, Pay Later plan,听allowing students to finish studying first and start repaying once they have found work. In addition, students under the initiative will get access to听InvestEd鈥檚听Education-to-Adulthood digital coaching program.听
鈥淎 crucial aspect in the fight against present and future pandemics is that we secure the supply of our future听frontliners,鈥 said Carmina听F.听Bayombong,听InvestEd鈥檚听co-founder and chief executive officer, in a statement.听鈥淭he Alliance for Future听Frontliners听aims to ensure that our future听frontliners听acquire the financial and psychological support needed to reach graduation day and succeed in the noble work that they do.”听
鈥淥ne of the great things about this project is the exploration to do analytics on risk, success, and retention for nursing students,鈥 added Ms. Bayombong.听
In July,听a group of nurses听slammed the administration of President Rodrigo R. Duterte听for its failure to address the shortage of nurses and other healthcare workers.听鈥斕B. H. Lacsamana听
