‘MARING’ AFFECTED TEACHERS TO GET CALAMITY LOANS

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THE Department of Education (DepEd) on Thursday assured the availability of calamity loans for its public school teachers and non-teaching personnel affected by last week’s monsoon rains and Tropical Storm Maring [international codename: Trami]. Based on the DepEd Order 10 s. 2011, teachers and non-teaching personnel can apply for a calamity loan as much as P20, 000 with an interest rate of 6 percent per annum. The loan is payable in 24 equal monthly instalments for two years, automatically deducted in the payroll. Education Secretary Armin Luistro said applications for calamity loan must be received within two months after the area has been declared under the state of calamity.

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