Chilean president proposes education fund

July 6, 2011 at 1:29 PM
| License Photo

SANTIAGO, Chile, July 6 (UPI) -- The government of Chile is considering a $4 billion education fund after weeks of student protests throughout the South American nation, officials said.

Chilean President Sebastian Pinera proposed an education fund that would award more grants and offer cheaper student loans, La Tercera reported Wednesday.

"It's time to stop the protests and recover the way to dialogue and agreements," said Pinera.

The fund originally was proposed after Pinera offered an education revitalization plan worth $75 million to public universities last week, which the Chilean Students Federation turned down.

The Chilean government would create the education fund using money from the Treasury and the Economic and Social Stabilization Fund.

Thousands of students and teachers began protesting in cities across Chile in April, demanding improvements to the education system.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts