College-level children of overseas Filipino workers (OFWs) are set to receive a one-time cash assistance of P30,000, the Department of Labor and Employment (DOLE) has announced.

The “Tabang OFW” scholarship program was set up by DOLE, the Commission on Higher Education (CHEd) and its Unified Financial Assistance System (UniFAST) for Tertiary Education, and the Overseas Workers Welfare Association.

After the project’s signing on Friday, Labor Secretary Silvestre Bello III said the program was launched to compensate OFWs for their contributions.

“We hope this will go a long way in helping our OFWs and their children in these most challenging times. By doing this, we also hope we can partly repay our modern-day heroes,” he said.

The project has a P1-billion budget, to be released by CHEd.

The DOLE will issue orders, circulars and guidelines for the program’s implementation, including the appropriate utilization of funds, adherence to government accounting and auditing rules, and submission of reports, with the assistance of UniFAST.

More than 220,000 OFWs have been repatriated by the government amid the Covid-19 pandemic. John Ezekiel J. Hirro