February 2, 2023

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GSIS releases ₧ 100 million in educational aid

THE Government Service Insurance System (GSIS), the pension fund for government employees, announced last Thursday that it will provide a total of P100 million in financial assistance to 10,000 eligible children of GSIS members.

The fund will be channeled through the GSIS Educational Subsidy Program (GESP) for the 2022-2023 academic year. The qualifying children of members will receive an education grant of 10,000 pesos per academic year, the pension fund said.

“We share [the] see that education is the foundation of a prosperous nation,” GSIS President and General Manager Jose Arnulfo A. Veloso was quoted as saying in a statement.

The pension fund said its social advocacy and public relations department had received a total of 12,140 applications across the country. Of the 10,000 applicants selected to be GESP scholars for the 2022-2023 academic year, a total of 1,235 scholars are from the National Capital Region, 2,212 scholars are from North Luzon, 2,251 scholars are from South Luzon, 2,005 are from the Visayas region, and 2,297 are from the Visayas region Mindanao.

Scholarship recipients were selected based on members’ employment status, annual base salary, and loan payments. Qualifying children of members are enrolled in any grade of a 4 or 5 year program at a Commission on Higher Education registered private institution or state university and college with an overall weighted average of 80 percent.

To receive the grant, new GESP recipients must submit a signed and notarized GESP agreement, an information sheet with two copies of the student’s most recent 2×2 ID pictures, and Land Bank of the Philippines account number.

These requirements must be submitted to the nearest GSIS office within 60 calendar days of the publication of the list of qualifying students on the GSIS website or official social media account.