Poe: LandBank’s Loan Program to Give Students a “Better Chance” at Online Learning
MANILA, Philippines – The loan program offered by the Land Bank of the Philippines (Landbank) will give students the opportunity to have a “better chance” to learn online, especially in this time of pandemic, Senator said on Thursday. Grace Poe.
“For many families, the switch to digital has become prohibitive. We need to allow them to get devices as an investment in their children’s education, ”said Poe, who heads the Senate Banking and Currency panel, in a statement as she urged students to benefit from the state bank loan program.
However, she also urged the Landbank to make the guidelines and implementation of the loan program “user-friendly and simple”, especially for poor families.
“The less complicated the processes, the more likely it is that we can attract more interest in this program,” she said.
In addition to urging students to take advantage of the loan program, Poe also urged telecommunications companies (telcos) to “step up” their internet connection.
“A laptop, tablet or smartphone will only be useful tools for students during online lessons if they can connect to the Internet,” said the senator, who is also chairman of the Senate Committee on Public Services.
“Telecommunications operators should also step up their efforts so that connectivity does not continue to be a stumbling block for the education of our children,” she added.
Landbank said on Wednesday that its loan program, the “Interim Student Loan for Tuition Towards Improving Education for Youth Development” (I-Study), has been extended so that students can purchase electronic gadgets for online courses.
Under the loan program, P 50,000 will be made available to students for the purchase of desktops, laptops or tablets to be used for online learning.
The amount will be part of the maximum loanable amount of 150,000 pesos per student or 300,000 pesos per parent-borrower to cover payment of tuition or registration fees, Landbank said.
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