What teachers need is a salary increase, not an extension of loan
What teachers need is a salary increase, not an extension of loan. This is what the teachers are trying to tell DepEd when they released DepEd Order No. 4, s. 2022.
Teachers have mixed reactions on the newest DepEd Order No. 4, s. 2022. This order is an Extension of Loan Terms of Payment of teachers. This will be under the Department’s Automatic Payroll Deduction System Program.
This extension of loan won’t actually help teachers, instead it will prolong the agony. Extension of loans from three to five years means accumulation of interest in the long term.
There is no doubt that teachers will have to wait for five more years in order to end their loans. Many teachers are not into this move by DepEd. When what they need is salary increase, here comes the loan extension instead.
In different social media sites, teachers are expressing their dismay on this matter. The said extension will only get the problems of teachers’ worst when it comes to loan.
Following the fact that the salaries of the teachers are now divided into two every month, it will be a total doom. Teachers can no longer expect a salary since all they will receive is the remaining net pay. If this loan extension for five years will push through, we will expect higher interest rates.
Well, actually this will not be a problem at all as long as there will be an increase in the salary of teachers. If only the increase is not staggard then teachers can feel that they have an increase but it’s not the case right now.
Teachers can’t feel their increase because as along with the increase is also a tax waiting. Sad to say that a large part of the increase will only go to the tax for deduction. Not to mention that there is a rise in all the goods and services at present.
Teachers need increase, not loan extension. If only the department will help its teachers, by putting an end to their loans. What teachers need right now is to end their loans and proper financial management. – Alec | Helpline PH