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Education Secretary Sonny Angara requested the private financial institutions for a moratorium on teaching and non-teaching personnel's loan payments to ease their burden, especially those gravely affected by recent typhoons.
“I sincerely hope that, in times of need, even the private sector, including the esteemed financial institution, would find reason to extend to them this much-needed help,” Secretary Angara said in a letter to the financial institutions.
In a letter, Sec. Angara specifically relayed to the request for a moratorium of DepEd employees’ loan payments directly affected by the typhoon for three (3) months, preferably starting January 2025, and with payments to resume in April 2025.
The specific request is intended for bonafide residents or personnel of DepEd within the calamity areas as declared by the appropriate government agencies such as the Office of the President, local government units, or Office of Civil Defense since September 2024.
Meanwhile, Angara also requested that all DepEd Personnel be given a moratorium on their loan payments for December 2024, with payments to resume in January 2025.
The moratorium is expected to cover all charges, costs, and interests.
The Education Chief likewise requested that the Government Service Insurance System (GSIS) provide the same intervention and terms to the agency’s staff in terms of loan payments.
Furthermore, the Department coordinated with the Bangko Sentral ng Pilipinas (BSP) for the loans of all DepEd employees subject to the moratorium not be classified as non-performing loans, particularly during the periods of December 2024 to March 2025.
“Our personnel have consistently served the nation and its people in ensuring that the future of the youth is brighter through the provision of quality education,” Sec. Angara noted.
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