Fund for Assistance to Private Education
The Fund for Assistance to Private Education (FAPE) is a perpetual trust fund for private education created by Executive Order № 156 s. 1968[1] and amended by Executive Order № 150 s.156, in implementation of the project agreement between the Philippine and United States governments to establish a permanent trust fund that would address the needs of the private education sector in the country.[4] The private education sector successfully convinced the Philippine government that it has an important role to play in nation-building such that it not only deserved but also needed to be assisted financially.Through the years, the management of the Fund has evolved to cover other programs of assistance to the private education sector and with it an organization that helps the PEAC.Recently renamed the PEAC National Secretariat (so as not to confuse with the trust fund), the organization, as directed by the PEAC, manages and develops programs of assistance to private education and participates in initiatives affecting the sector.