Senate President Francis 'Chiz' Escudero, and Sen. Manuel 'Lito' Lapid lauded President Ferdinand “Bongbong” Marcos Jr. for signing into law Republic Act Number 10277 or the Student Loan Payment Moratorium During Disasters and Emergencies Act, saying it will help curb the cases of enrollees dropping out of school due to financial constraints.
Hannah L. TorregozaSenate President Francis “Chiz” Escudero on Friday, December 6 lauded President Ferdinand “Bongbong” Marcos Jr. for signing into law Republic Act Number 10277 or the Student Loan Payment Moratorium During Disasters and Emergencies Act, saying it will help curb the cases of enrollees dropping out of school due to financial constraints.
“Just to be clear, this is not loan forgiveness but a payment freeze for the duration of the declaration of a state of calamity or emergency and for another 30 days after its lifting,” Escudero said.The law ensures that students who will avail of the moratorium on loan payments will not affect their eligibility for re-enrolment or graduation.
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