Education Secretary Juan Edgardo Angara requested private financial institutions for a three-month moratorium on the loan payments of teaching and non-teaching personnel of the Department of Education (DepEd) 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,” Angara said in his letter. He appealed for the moratorium to take effect by January until April 2025.
The request was specifically intended for bonafide DepEd teachers or personnel residing 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.
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 DepEd chief also requested that the Government Service Insurance System (GSIS) provide the same intervention and terms to the agency’s staffers in terms of loan payments.
DepEd coordinated with the Bangko Sentral ng Pilipinas (BSP) to not classify the teachers’ and personnel’s loans as non-performing loans, specifically from 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,” Angara noted.
