The Cabinet has approved plans that would see 658,000 children from poor families across the nation receive help in their education.
Families with an annual income of less than NT$300,000 (US$9,000) would qualify for the financial aid package, which would see children below five years old receive free preschool education.
High school students will be eligible for subsidies of NT$34,000 a year, while students on a five-year college course will receive NT$34,000 a year for the first three years.
High school students from families with an annual income of NT$300,000 to NT$600,000 would qualify for aid of NT$20,000 a year.
College students from families with an annual household income of NT$300,000 to NT$400,000 will get funding to the tune of NT$20,000 a year for the first three years.
College students whose families earn less than NT$700,000 annually will also qualify for financial aid from the Ministry of Education. Each student would be entitled to aid of NT$73,000 a year.
The measure went into effect yesterday.
Premier Chang Chun-hsiung (
"We expect at least 658,000 students from poor families to benefit from the scheme and it will help them to continue or finish their education," Chang said. "We want to do everything we can to help our future generations receive a good education."