(Month, Day, Year) (Place Where This Agreement Was Executed)

TERTIARY EDUCATION SUBSIDY SHARING AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This Tertiary Education Subsidy (TES) Sharing Agreement made and executed by and between:
The RAMON MAGSAYSAY MEMORIAL COLLEGES – MARBEL, INC., a Private

Higher Education Institution with principal office at Unit VII, LV Bldg., Alunan Avenue,
Brgy. Zone III, City of Koronadal, South Cotabato represented by its FINACE
OFFICER, CARLO MAGNO P. FAJARTIN, hereinafter referred to as “PHEI”.
and
_____________________________________, Filipino resident of

(Name of Student)
_____________________________________hereinafter referred to as the

(Address)
“Student-Grantee”
WITNESSETH:
WHEREAS, under Republic Act No. 10687 or Unified Student Financial Assistance System for
Tertiary Education (UniFAST) Act, the UniFAST is mandated to increase the participation rate among all
socio-economic classes in Tertiary Education especially the poor but academically able and highly motivated
students to enable them to successfully pursue and complete Tertiary Education programs in quality
institutions, thereby promoting equitable and Rationalized Access by poor Filipinos to quality Tertiary
Education;
WHEREAS, Section 7 of Republic Act No. 10931 or the Universal Access to Quality Tertiary
Education Act (UAQTEA),established the Tertiary Education Subsidy (TES) for all Filipino students who shall
enroll in undergraduate and post-secondary programs of private HEIs to support the cost of their tertiary
education or any part or portion thereof;
WHEREAS, the PHEI is authorized by the Commission on Higher Education (CHED) to offer
baccalaureate degrees;
WHEREAS, the Student-Grantee is currently enrolled in the PHEI and qualified under its existing
admission and retention policies;
WHEREAS, the Student-Grantee is among the identified TES grantees in the Official Roster as
validated and verified by the UniFAST Regional Coordinators and attested by the CHED Regional Director;
NOW THEREFORE, for and inconsideration of the foregoing premises and the terms and conditions
below, the Parties hereby agree as follows:
1. The grant is intended to cover tuition and other school fees(TOSF) and expenses of the student-grantee
for books, supplies, transportation and miscellaneous personal expenses including a reasonable
allowance for the documented rental or purchase of a personal computer or laptop and other education-
related expenses and, allowance for room and board costs;
2. Pursuant to UniFAST Board Resolution No. 2020-007, the student-grantee shall be entitled to a
maximum of Sixty Thousand Pesos (PhP 60,000.00) grant for AY 2019-2020, or Thirty Thousand (PhP
30,000.00) grant per semester. For HEIs with three or more terms, the grant shall be divided by the
number of terms in an academic year
3. The sharing for the said grant per semester shall be PhP20,000 to the Student-Grantee and
PhP10,000 to the PHEI. In case the PHEI has three or more terms, the sharing shall be of the same
proportion, that is, 2/3 to the Student- Grantee and 1/3 to the PHEI.
4. If the share of the PHEI is greater than the actual TOSF, the difference shall be given to the student.
5. If the share of the PHEI is less than the actual TOSF or unpaid TOSF for the current term, the student
shall be obliged to pay the difference in accordance with the policy of the PHEI. In no case shall the
unpaid TOSF be automatically deducted from the TES share of the student-grantee.
6. If the Student-Grantee has fully paid the TOSF for the term, the PHEI shall no longer be entitled to its
share. Hence, the student-grantee shall be given the full amount of the TES.
7. Upon receipt of fund transfer for TES, the PHEI should release to the Student-Grantee the amount within
2 weeks.
8. The Student-Grantee and the PHEI shall execute and properly comply with the provisions of the TES
Guidelines.
9. The liquidation of funds transferred shall be subject to the usual government accounting and auditing
rules and regulations.
10. This Agreement shall take effect upon signing by the Parties hereto and shall be terminated upon the
satisfactory fulfilment of all terms and conditions embodied herein
IN WITNESS WHEREOF, we have signed this TES Sharing Agreement this

___________________at the_________________________________________.
(Month,Day,Year) (Place where this Agreement was executed)
Tertiary Education Subsidy Sharing Agreement Page 1 of 2

RAMON MAGSAYSAY MEMORIAL COLLEGES – MARBEL, INC
CARLO MAGNO P. FAJARTIN ___________________________

FINANCE OFFICER Student-Grantee
Signed in the presence of:
KRYSTAL GRACE S. CONSTANTINO ____________________________

PHEI’s witness Student-Grantee’s Witness
REPUBLIC OF THE PHILIPPINES )

Municipality / City of ____________________________ ) S.S
ACKNOWLEDGEMENT
BEFORE ME, this ___________________in the Municipality/City of

(Month,Day,Year)
_________________________________personally appeared the following:
(Name of Municipality/City)
1. CARLO MAGNO P. FAJARTIN, representing to be the Finance Officer of RAMON MAGSAYSAY

MEMORIAL COLLEGES-MARBEL, INC., known to me to be the same person who executed the
foregoing Agreement for and in behalf of the said PHEI and acknowledged to me that the same is the act
and deed of RAMON MAGSAYSAY MEMORIAL COLLEGES-MARBEL, INC., and that he/she is duly
authorized to sign the same. The same CARLO MAGNO P. FAJARTIN exhibited to me his/her 0188024
issued at General Santos City on June 11, 2018.
2. ___________________________ with _______________________________ issued at

(Name of Student Grantee) (Competent Evidence of Identity)
___________________________ on _______________________________ and

(Place of Issuance) (Date of Issuance)
Known to me to be the same person who executed the foregoing instrument, and acknowledged that the
same is his/her free and voluntary act and deed.
WITNESS MY HAND AND SEAL, on the date and at the place first above written.
Doc.. No.
Page No.
Book No.
Series of 2020.
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TERTIARY EDUCATION SUBSIDY SHARING AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

The RAMON MAGSAYSAY MEMORIAL COLLEGES – MARBEL, INC., a Private

_____________________________________, Filipino resident of

_____________________________________hereinafter referred to as the

IN WITNESS WHEREOF, we have signed this TES Sharing Agreement this

Tertiary Education Subsidy Sharing Agreement Page 1 of 2

CARLO MAGNO P. FAJARTIN ___________________________

Signed in the presence of:

KRYSTAL GRACE S. CONSTANTINO ____________________________

REPUBLIC OF THE PHILIPPINES )

BEFORE ME, this ___________________in the Municipality/City of

1. CARLO MAGNO P. FAJARTIN, representing to be the Finance Officer of RAMON MAGSAYSAY

2. _ with _____ issued at

_ on _____ and

Tertiary Education Subsidy Sharing Agreement Page 2 of 2

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