GSIS offers loan facility to help teachers pay off debts

Malacañang on Friday encouraged public school teachers to avail themselves of the loan facility of the Government Service Insurance System (GSIS) to help them pay off their debts from private lenders.

Presidential spokesperson Harry Roque said the GSIS financial assistance loan program could help the teachers manage their finances better and prevent them from being overwhelmed by unpaid debts.

“If you are a teacher who has debts with different lending companies … the GSIS will loan you money so you can pay off your debts with private lending companies, which charge high interest rates,” he said over dzRH on Friday. —JULIE M. AURELIO