Education Secretary Juan Edgardo Angara has appealed to private financial institutions for a three-month moratorium on the loan payments of DepEd teachers and personnel affected by recent typhoons. The request covers December 2024 to March 2025 and aims to alleviate financial burdens.
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.
He appealed for the moratorium to take effect by January until April 2025, specifically for bonafide DepEd teachers or personnel residing within the calamity areas as declared by government agencies since September 2024. He 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. Angara 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
Education Secretary Juan Edgardo Angara Deped Loan Moratorium Typhoons Private Financial Institutions GSIS BSP
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