MANILA, Philippines --- Public school teachers owe a combined debt of at least P319 billion, an increase of P18 billion in just over two years, according to the Department of Education (DepEd). The figures provided by the DepEd include P157.4 billion owed by teachers to the Government Service Insurance System (GSIS) as of May 29 and P162 billion in outstanding loans to accredited private lenders as of June 6. In October 2017, Education Secretary Leonor Briones said that at the end of the previous year, teachers owed a combined P301 billion, or P123 billion to the GSIS and P178 billion to private lenders. Could be higher But as the data accounted only for loans paid by the Dep...
Keep on reading: Public school teachers’ debts rose to P319B in 2 years – DepEd
from INQUIRER.net http://bit.ly/2WyXPd3
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