An Act for the establishment of the National Higher Education Fund and the

formation of of the National Higher Education Fund Board. Among the functions of

National Higher Education Board are:

• to establish and provide educational loans and financial assistance apart from educational loans to students, and to establish administration, supervision and collection of loan repayment services;
• to collect deposits and design and provide saving schemes for the purpose of savings for higher education; and to carry out any other functions given to corporations by any written laws.

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