Angara seeks moratorium on loan payments for DepEd staff | ABS-CBN

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Angara seeks moratorium on loan payments for DepEd staff

Raphael Bosano,

ABS-CBN News

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Students raise their hands during recitation in their first face-to-face classes at the Nagpayong Elementary School in Pasig City in August 2022. Jonathan Cellona, ABS-CBN News/fileStudents raise their hands during recitation in their first face-to-face classes at the Nagpayong Elementary School in Pasig City in August 2022. Jonathan Cellona, ABS-CBN News/file

MANILA — The Department of Education is seeking a moratorium on loan payments of its personnel, especially those severely affected by the recent onslaught of typhoons.

In a letter to financial institutions, Education Secretary Sonny Angara requested a three-month moratorium on the payment of loans of DepEd employees directly affected by typhoons, starting January 2025 with payments to resume nn the second quarter of 2025.

“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,” the letter read.  

The request is for employees who are residents of areas declared under a state of calamity from September 2024 onward.

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The education chief also requested a moratorium on loan payments of all personnel for December 2024, with payments to commence on January 2025.

DepEd also wrote the Bangko Sentral ng Pilipinas requesting that the loans of DepEd employees not be classified as non-performing loans particularly from the periods of 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 wrote.

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