Rappler's latest stories on GSIS loans
Education Secretary Leonor Briones says teachers must be smart about their finances since they will soon teach students about financial literacy as mandated by law
DepEd Secretary Leonor Briones says they had to step in and make sure teachers' loans from GSIS are being paid, because 26,000 teachers did not receive retirement benefits in 2016 due to unpaid debts
The DepEd says GSIS and Pag-IBIG Fund loan payments deducted from teachers' salaries this month would be returned to their bank accounts
Education Secretary Leonor Briones says they are examining emergency measures 'to assuage the situation' of teachers affected by the recent loan deductions
Education Secretary Leonor Briones says public school teachers' loans are now at P300 billion: 'Are you going to suffer the pain now and look for solutions or continue the same practice until your loans will accumulate?'
The loans are intended to help ease the burden on hardest hit members
COA says members who took out loans were overcharged with capitalized interest of P860M while delays in posting payments caused excess interest of P441M