CEBU, Philippines – The Trade Union Congress of the Philippines (TUCP) party-list welcomed the recent news that more members of the Social Security System can avail of educational loans, after it changed its guidelines on educational assistance program.
“This is a new development. Now the working Pinoys will have a bigger loanable amount and flexible payment terms,” TUCP first nominee Roland de la Cruz, a Negrense, said in a press statement the other day.
SSS president and chief executive officer Emilio de Quiros Jr. announced last April 11 that members earning P25,000 and below per month are now eligible for Educ-Assist loans, replacing the previous monthly limit of P15,000.
“Members can now borrow up to P20,000 per semester or trimester, up from the previous limit of P15,000 for college degrees,” he said. “The loans must be used to pay for tuition and miscellaneous fees and are intended to help students from low-income families.”
For vocational-technical courses, SSS increased the maximum loanable amount to P10,000 from the previous cap of P7,500 per semester or trimester.
Loan repayment will start one year after the beneficiary’s graduation or the date of last loan release.
Borrowers for college degree programs have five years to repay the loan, while those who borrowed for voc-tech courses are given three years.
SSS has allotted P7 billion for the Educ-Assist fund, consisting of P3.5 billion in national government subsidy and P3.5 billion in SSS counterpart funding. “I’m optimistic that this program will allow our working parents to send their children to better schools for better education,” De la Cruz added. — (FREEMAN)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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