Section 5Sec./Art. 5

Moratorium on Payment of Student Loans. - There shall be a moratorium on the payment of all fees, charges, and costs relating to the student loans incurred for higher education and TVET programs, whether administered by the HEIs or the TVIs themselves or by the Unified Student Financial Assistance System for Tertiary Education (UniFAST) Board, the CHED, or any other government agency or instrumentality, for the duration of the State of Calamity or Emergency as provided in Section 4 of this Act and for thirty (30) days after the lifting of such State of Calamity or Emergency: Provided, That the availment of the moratorium shall not adversely affect the eligibility of the students concerned for re-enrolment in the succeeding semesters or interests shall be collected on the deferred payments made pursuant to this Act: Provided, furthermore, That nothing in this Act shall be construed to prevent public or private HEIs or TVIs from implementing more favorable forms of payment relief or assistance to their students: Provided, finally, That students shall not be allowed to waive the benefit of the moratorium on student loan payments, or the availment of assistance or subsidies from the government as provided by laws, rules and regulations.ℒαwρhi৷