In Debt: a study of the phenomenon of DepEd schools teachers’ borrowing from loan sharks

Abstract

A Study of the Phenomenon of DepEd Schools Teacherss shooting incident at Pangasinan National High School seem to challenge whether Philippine public school teachers are earning enough for a quality standard of living. Most of them are incurring debts, generally from formal loan sources such as government agencies, but cases such as that of the teachers killed from the said incident goes as far to borrow from loan sharks. While information and the loans themselves from the formal legitimate lending sources are almost always easily available for public school teachers, some still borrow from loan sharks decision, among others. This paper hence explores the reasons public school teachers has in borrowing from loan sharks by illustrating what seems like a debt cycle, and further using Giddens are constrained by the existing social structures and yet these same rules and structures are the medium by which they either reshape or reconstruct the same.