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Performance Monitoring and Impact Assessment. The UniFAST shall be evaluated rigorously by the Board in terms of its impact on desired results and its progress towards achieving them shall be monitored regularly. The Board shall clearly define those results and their target values. Impact evaluation shall be measured against, among others:
(a) Education outcomes such as enrolment in level IV-accredited HEls, as may be determined in the Implementing Rules and Regulations, and number of graduates (by type of study program);
(b) Economic indicators such as income and employment of Beneficiaries after graduation; and
(c) Indicators for contributions to community service and public good.
Performance and progress shall, in addition, be measured with regard to: (i) number of students covered by Scholarships, Grants-in-Aid, Student Loans, or other modalities of StuFAP; (ii) type of study program; (iii) level of HEI enrolled in; and (iv) initial economic status. Tracer studies and survey data for experimental and quasi-experimental analyses shall be undertaken to produce credible impact evaluation studies, as may be determined by the Board: Provided, That major programs of the Board are to be evaluated within five (5) years from the date of its implementation.
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