The Philippines government allocated PHP 692 Bn towards education sector improvement in 2020. Will the allocation justify the growth? : Ken Research

The government of Philippines plans to improve the healthcare infrastructure by allocating $3.2 Bn to the health sector in 2020, an increase of 12% from the budget for 2019. 

1. “Private colleges in demand?”: Philippines has 81% Private Medical Colleges although the government is targeting specific regions to increase the vicinity of public colleges.

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Private medical colleges have been in demand for quite a while now with high concentration in Metro Manila & Visayas regions. One of the major reasons behind the rapid growth of private colleges has been Shortage in the Primary Healthcare workers to population which is 25/10,000. The government on the other hand has been targeting major regions to inculcate public medical colleges as a result of the country suffering major setback in education outcome & healthcare indicators. The current private & public college market share is 81% & 19% with the market share of public colleges expected to increase with time.

2. “High concentration of international aspirants:” Philippines has been a Great Environment to Accommodate Students especially International Aspirants

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Philippines has shown a very welcoming environment for the foreign students. Unlike most European countries cost of living is cheap in Philippines. Hence there is a good influx of foreign students. Most campuses are small and do not provide accommodation, however you can acquire a dorm or an off-campus hostel at very cheap prices. Moreover, each university can mold its own curriculum based on the approved national schema. Since the country has a low doctor to patient ratio, it brings a great opportunity. Moreover, the language barrier is no issue since the country is the largest South East Asian region making it easy for international students. This can be ascertained by the fact that 1 out of 10 doctors in America are medical graduated from Philippines. Furthermore, the country has a 90% literacy rate making it an education centric country.

3. “High Cost:” Private Medical Universities have high Fee Structure Compared to Public Medical Universities

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Colleges such as UV Gullas College of Medicine which offer Pre-Medicine Program (BS Biology) and a 4-year MD charge over PHP 1,000,000 for the 5-year program. A 5-year integrated BS + MD program at the Lady of Fatima University costs over PHP 2,000,000 These represent Private Universities and hence have a higher fee. Public Universities colleges such as the College of Medicine at the Mindanao State University charge over PHP 6,000,000 for the 4-year MD program, excluding the BS program, which foreign students mostly pursue.