slides report

1. Joeneth B. Sulasula

2. Situation: The Department of
Education is facing a significant
challenge due to the rising student
loan debt crisis. Many borrowers are
struggling to repay their loans,
leading to high default rates and
financial distress among graduates.

3. Concern: The department must address the
burden of student loan debt on individuals and
the economy. High levels of student debt hinder
borrowers' ability to achieve financial milestones
such as homeownership, savings, and
retirement planning. Additionally, defaulting on
student loans can have long-term
consequences, including damaged credit
scores and wage garnishment.

5. Concern: Increasing debt obligations can
strain the department's financial resources
and limit its capacity to invest in education
infrastructure, teacher training, and student
support services. Moreover, reliance on debt
financing may lead to higher interest
payments and reduce funds available for
educational programming, potentially
impacting the quality of education provided.

6. Situation: Many educational institutions
under the purview of the Department of
Education are facing deferred
maintenance backlogs and aging
infrastructure issues. To address these
challenges, schools may need to take on
debt to fund renovation projects and
facility upgrades.

7. Concern: While addressing deferred
maintenance is crucial for ensuring the safety
and functionality of school facilities, taking on
additional debt can strain budgets and lead to
long-term financial commitments. Balancing
the need for infrastructure improvements with
debt management strategies is essential to
avoid overleveraging and maintain fiscal
sustainability within the education sector.