By Gabriel Kim Leal
(November 30, 2024) — The Department of Education (DepEd) on Saturday called on financial institutions to temporarily halt loan payments for teachers and staff affected by recent calamities.
In separate letters, Education Sec. Sonny Angara asked them, including the Government Service Insurance System, to suspend loan collections for three months starting January 2025, for DepEd employees residing in or working in calamity-declared areas.
For December 2024, he also asked for a one-month moratorium on loan payments for all DepEd personnel, regardless of location, to provide immediate financial relief.
“As you may be aware, the Philippines has recently experienced an onslaught of typhoons, resulting in widespread property damage, prolonged displacements, and economic instability for our fellow countrymen, including DepEd Personnel,” wrote Angara.
He said the three-month moratorium is for teachers and staff in calamity areas declared by government agencies since September.
Angara requested that the moratorium cover not only the principal loan amounts but also charges, costs, and interest.
“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. I sincerely hope that, in times of need, our government would find reason to extend to them this much-needed help,” he added.
The Philippines has faced 15 typhoons this year, with floods submerging various provinces in recent months.
Pres. Ferdinand Marcos, Jr. has pledged to enhance disaster preparedness and urged government agencies to “learn from past experiences.”
According to the World Risk Index, the Philippines remains the most disaster-prone country globally for the third consecutive year.
(JREC)
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