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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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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