PRESIDENT Ferdinand Marcos Jr. has signed the Student Loan Payment Moratorium During Disasters and Emergencies Act, or Republic Act 12077. The newly enacted law aims to provide financial relief to students in calamity-declared areas, allowing the deferment of loan payments for higher education and technical-vocational training programs during and after emergencies without penalty or interest.
Let's look into the provisions of the law to check whether it is capable of delivering on its noble aims and objectives.