Where You Can Borrow Money for Tuition & Computers, According to DOF

Finance Secretary Carlos Dominguez III announces two options.
by John Paulo Aguilera   |  Jul 12, 2020
Image: Creative Commons SSS by Patrickroque01 licensed under CC BY 4.0
Share This!

The Government Service Insurance System (GSIS) and Social Security System (SSS) are set to provide assistance to students who will transition into distance learning amid the coronavirus pandemic.

In a recent virtual presser, Finance Secretary Carlos Dominguez III confirmed that "next month, GSIS will introduce a new P30,000 computer loan program to its active members to help them purchase a laptop or desktop in light of the new normal of holding distance or online classes."

The loan, according to Dominguez, will be payable in three years at six-percent interest.

On the other hand, the SSS is slated to offer its members an education loan program in September "to help pay tuition and other school fees for their nominated student beneficiaries."

This option, which has a P100,000 cap, can be paid after five years from the initial loan takeout.

Physical classes will only be possible once a vaccine against COVID-19 becomes available, according to the Department of Education. Still, the opening of school year 2020-21 has been scheduled for August 24.

ADVERTISEMENT - CONTINUE READING BELOW

This story originally appeared on reportr.world.

* Minor edits have been made by the Candymag.com editors.

REAX!
How do you feel about this article?
About the author
John Paulo Aguilera
Contributing Writer
VIEW OTHER ARTICLES FROM John Paulo
How do you feel?
Click on your mood to read related stories
The Latest
Here are seven real-world young entrepreneurs on making legit money from side hustles.
The list included 1,115 universities from 94 different countries and regions around the world.
Some of the internet's fave couples have unfortunately parted ways early on in the year.
Julia was a "very special guest" on Gerald Anderson's new YouTube video.
Yup, the episodes are inspired by real events and news reports.
The said posts contain links that, when clicked, will download malware on your device.
LOAD MORE ARTICLES
CONNECT WITH US