Additional one year on all courses in the Philippines. What were they thinking?

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News just finally were shown that an additional one year schooling will be added to our licensed courses and the rest of the courses will follow next year too. I really don't see the main point here. Economic crisis is already affecting the whole nation and they want the poor to shoulder another year for their kids to go schooling? I think they are killing the poor already. Instead of already going to work, another school year with too expensive tuition fees will need to be shouldered by the parents excluding the ever increasing transportation fee hike, electric bills and water bills, etcetera, etcetera. They say it's because they want to make our people "globally competitive". Heck, almost all students who graduate can't even make their feet heat up and they speed off to another country the year they graduate, so what's making them "globally competitive?" My opinion is, the government was again able to take money from the World Bank saying they need the money to improve education because they are implementing this new system. God save the Philippines.