GSIS president Rolando Macasaet disclosed this on Friday during the Senate finance committee hearing on the various COVID-19 recovery and economic stimulus budget bills, spearheaded by its panel chief, Sen. Juan Edgardo “Sonny” Angara.
“I think we’ll be able to implement it as soon as possible so that there’ll be a way for us to at least give relief to these government schools, that there would be no movement. Because this problem might result in collapse of the private schools,” Macasaet said. “That way, the monthly amortization is so little and then on the sixth year, the son or the daughter would have now start working and both of them can pay the loan,” he pointed out.
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