GSIS to release ₧100M in education assistance

THE Government Service Insurance System (GSIS), the pension fund for government workers, said last Thursday it will release a total of P100 million in financial assistance to 10,000 qualified children of GSIS members.

The fund will be coursed through the GSIS Educational Subsidy Program (GESP) for academic year 2022 to 2023. The qualified children of members will receive an educational subsidy of P10,000 per academic year, the pension fund said.

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

The pension fund said its Corporate Social Advocacies and Public relations Facilities Department received a total of 12,140 applications nationwide. Of the 10,000 applicants who were selected as grantees of GESP for academic year 2022 to 2023, a total of 1,235 grantees are from the national Capital region, 2,212 grantees from north Luzon, 2,251 grantees from South Luzon, 2,005 from the Visayas region and 2,297 from Mindanao.

The grantees were selected based on the members’ employment status, annual basic salary and loan payments. The qualified children of members are enrolled in any year level of a 4-year or 5-year course in a Commission on Higher Education-registered private institutions or state universities and colleges with a general weighted average of 80 percent.

To receive the subsidy, new GESP recipients must submit a signed and notarized GESP agreement, information sheet with two copies of the student’s latest 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 from the publication of the list of qualified students in the GSIS website or official social media account.