Live Breaking News & Updates on He Loans Do Not Balloon Unlike The Us Model

Albay Rep. Joey Salceda (File photo) MANILA - A lawmaker on Friday pushed for the full implementation of the Higher Education Contribution Scheme (HECS) under the Free College Tuition Law, which is a low-interest student loans program, in which, students will amortize their tuition loans only when they reach a certain income level. In a statement, Albay Representative Joey Salceda said the scheme will ensure that every student can go to any private school they choose as long as they pass the admission requirements of that school. He noted that there are private school programs, especially in top private universities, that state universities and colleges cannot offer. "Private universities are also a source of innovation in higher education in the country," he said. "Section 8 of RA 10931 would allow that by providing very low-interest student loans that borrowers can pay as a small deduction from their salaries once they reach a certain salary level. If they earn below t ....

Government Service Insurance System , Joey Salceda , Free College Tuition Law , Higher Education Contribution Scheme , Albay Representative Joey Salceda , Social Security System , Compulsory Repayment Threshold , Albay Rep Joey Salceda File Photo Manilaa Lawmaker On Friday Pushed For The Full Implementation Of Higher Education Contribution Scheme Hecs Under Free College Tuition Law , Hich Isa Low Interest Student Loans Program , Ten Which , Tudents Will Amortize Their Tuition Loans Only When They Reacha Certain Income Level Ina Statement , Lbay Representative Joey Salceda Said The Scheme Will Ensure That Every Student Can Go To Any Private School They Choose As Long Pass Admission Requirements Of He Noted There Are Programs , Specially In Top Private Universities , Hat State Universities And Colleges Cannot Offer Quot Private Are Alsoa Source Of Innovation In Higher Education The Country , Uot He Said Quot Section 8 Of Ra 10931 Would Allow That By Providing Very Low Interest Student Loans Borrowers Can Pay Asa Small Deduction From Their Salaries Once They Reacha Certain Salary Level If Earn Below , Hey Will Not Yet Be Required To Start Paying , Uot Salceda Said He The Theory Is That Private Expenditures On Education Area Means To Increase Long Term Personal Income , A Portion Of That Hypothetical Future Income Can Be Borrowed By The Student To Finance Present Education Fees Quot With Increased In , He Student Should Be Able To Gradually Pay Off The Loan Through Reasonable Monthly Contributions Incorporated In Sss Social Security System Or Gsis Government Service Insurance Said Payment Of Amount Will Commence Once Beneficiary Secures Any Gainful Employment With Compensation , R Earnings That Reaches The Compulsory Repayment Threshold Crt Quot Hence , He Student Repays Only Once Capable , Eing State Financed , He Loans Do Not Balloon Unlike The Us Model , Uot Salceda Said Described The Scheme Asa Quot Progressive Study Now , Pay Later Scheme , S Well Asa Quot Balancing Factor To The Free College Tuition Scheme In State Universities And Colleges If University Is Now ,