CHILE: Student protests net $4 billion fund proposal

Chilean President Sebastian Pinera, facing ongoing student protests, has proposed the creation of a US$4 billion fund for higher education, reports the BBC. In a televised speech, Pinera outlined measures including more grants and cheaper student loans.

Thousands of students have been protesting to complain of financial hardship and to call for a reform of Chile's "unequal" education system. The fund would be partly financed by revenue from the main export, copper.

Announcing the plans for the $4 billion fund, Pinera said the "great mission of improving education in Chile required an enormous financial effort". As well as more grants and student loans, he said the government would look at improving the admission and accreditation systems of universities.
Full report on the BBC News site