SSS Offers Educational Loan Aid

18 May 2012

BORONGAN CITY, Eastern Samar (PIA) - To assist its members who are self-employed and those who are private employees, the Social Security System (SSS) has announced that it is open to grant educational loan assistance of R15,000 maximum to a member.

This comes in time for the opening of school year this June. A similar amount of loan is granted by the Government Service Insurance System (GSIS) to government employees.

The SSS loan assistance was disclosed to media here by SSS Manager Oliver Menda.

Menda said qualified loan applicants would be those members who have contributed for at least 36 months, and a monthly salary of not less than P10,000. If they have a standing loan, its monthly amortization must first be updated.