EDUCATION Secretary Juan Edgardo Angara urged private financial institutions to declare a moratorium on loan payments for teachers affected by the series of typhoons that hit the country recently.
“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,” read Angara’s letter dated Nov. 26, 2024.
It was a request for an extension of the loan payment moratorium for three more months, preferably starting January 2025, with payments to resume in April 2025, for Department of Education (DepEd) personnel, including teachers, non-teaching staff and employees.
Angara made a similar appeal to Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo Veloso for all DepEd employees who have GSIS loans.
The DepEd said in a statement on Friday that it had coordinated with the Bangko Sentral ng Pilipinas “for the loans of all DepEd employees subject to the moratorium not to be classified as non-performing loans, particularly during the periods of December 2024 to March 2025.”
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