INILABAS na ng Department of Budget and Management (DBM) ang pondo na nagkakahalaga ng 9.75 billion pesos para sa Commission on Higher Education (CHED).
Ayon sa DBM, ang naturang pondo ay gagamitin para sa mga validated funding deficiencies ng 108 State Universities and Colleges (SUCs) sa buong bansa.
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Sakop nito ang nagdaang tatlong magkakasunod na School Year, partikular na ang Academic Years 2022–2023, 2023–2024, at 2024–2025 sa ilalim ng Free Higher Education Program.
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