THE

Volume 1 Issue No. 1 The Unocial Publica/on of Roosevelt College Rodriguez March 3, 2017

FEU Acquires
Roosevelt College
FAR Eastern University, one of
the countrys leading private
providers of tertiary education,
plans to expand its footprint in
the education sector by buying a
controlling stake in Roosevelt
College Inc.
FEU disclosed to the Philippine
Stock Exchange on Friday that
its board had approved the acqui-
sition of up to 99.42 percent but
no less than 73.99 percent of
Roosevelt for P1.25 billion.
The Roosevelt College owners
have graciously agreed to allow
FEU to take a closer look at their
operations. We believe there are The Ocial Turnover handshake of Roosevelt College Inc., to Far Eastern University
opportunities to integrate with
FEU this venerable 80-year old locations: Cainta, Rodriguez wartime US president Franklin profit was backed by an in-
institution with five greater Met- (Rizal), San Mateo, Marikina and Roosevelt. crease in operating revenues
ro Manila campuses and 5,000 Cubao. despite certain increases in op-
students in both the basic educa- For its part, FEU ended 2015
A group of prominent citizens erating expenses.
tion and tertiary level, FEU with consolidated assets of
and educators organized in 1945 around P10 billion. For the school year 2015
chair Aurelio Montinola III said
a corporation to operate a second- 2016, FEU schools registered
in a text message, when asked FEUs net profit after tax
ary school in the same old haci- an enrollment increase of 6 per-
about the rationale for this move. amounted to P768.13 million
enda house previously used by cent. It had a student population
The P1.25 billion budget was the for the nine-month period ended
Marikina Academy. The school of 33,969 and 31,311 for the
estimated valuation for a 99.42 2015, almost the same as last
was named Roosevelt Memorial first and second semesters, re-
percent stake in Roosevelt. years P772.20 million. The net
High School in honor of the late spectively.
FEUs board has mandated the
university president Michael Al-
Naonal Career Assessment Examinaon on March 1-2, 2017
ba and chief finance officer Juan Grade 9 Student take the NCAE exam March 1-2 2017, this is a test taken by high school students
Miguel Montinola to negotiate that determines their strengths in dierent career elds. Due to the said exam, classes were sus-
and come to an agreement on the pended from Preschool to High school except for Grade 9 Students. A lot of courses that we can get
final price and other terms and
in College like Agriculture and Related Fields, Engineering, Informa/on Technology, or Health Scienc-
conditions of the transaction.
es. This Exam is Important for students, the purpose of the NCAE is to help students which course
They were also tasked to conduct
they should study in college and what sort of career they are best suited for. I like that they are giv-
a due diligence audit.
ing the Students this kind of exam for us to know what Course we can get if we go to College, this
Roosevelt is a private non- can help us to Work and Learn more about our Courses. Paul Guillermo
sectarian college system with
five campuses in the following