Lapid files bill on student loan payments moratorium

Lapid files bill on student loan payments moratorium

By Liza Soriano

Sen. Lito Lapid (BusinessWorld online courtesy)

MANILA — Senator Manuel “Lito” Lapid has introduced a bill requiring a moratorium on student loan payments during disasters and other emergencies, such as the COVID-19 epidemic.

“Marami sa ating mga kababayan ang nawalan ng trabaho at pagkukuhanan ng kita dahil sa mga kalamidad gaya ng lindol, bagyo, at netong huli lang, dahil sa pandemya. Kaya sinusulong ko ang panukalang batas na ito upang mabawasan ang pasanin ng mga magulang na nagpapaaral ng kanilang mga anak sa mga pagkakataong tinamaan sila ng sakuna o pandemya,” Lapid said.

The senator filed Senate Bill No. 975, providing for the deferment of the collection of all fees, charges, and costs relating to the student loan programs for Higher Education and Technical-Vocational Education and Training (TVET) for a reasonable period during the existence of hardship and difficulty such as disasters, calamities and other emergency situations.

Lapid added that the proposed measure aims to support the social welfare mission of providing as much financial support and security to the poor as possible who run the risk of not being able to subsist without continuing employment, economic activity, and mobility restrictions.

“Layunin natin na pansamantalang mapagaan ang pasanin ng mga pamilyang nasalanta ng sakuna sa anumang pananagutan sa student loans, upang mas matuunan nila ang mas pangunahin at mahahalagang pang-araw-araw na gastusin,” Lapid added.

“Dapat lang na bigyan ng karampatang tulong at proteksyon ng ating gobyerno ang ating mga kababayan nating nangangailangan, lalo na ang mga nahihirapang magkaroon ng sapat na kita dahil sa mga mobility restrictions,” he continued.

The moratorium covers the period from the declaration of a national and local State of Calamity or Emergency up to 30 days from the termination thereof. (ai/mtvn)

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