The Government Service Insurance System (GSIS) has in its plan implementing an annual P100 million educational subsidy program to children or dependents that are part of the low-income bracket.
This program, according to Rolando Macasaet, General Manager and President of the GSIS, would be to support President Rodrigo Duterte’s Social Development Policy. Moreover, this program would be able to give out wider and better accesses to college students with a P10,000 allowance.
In support of the social development policy of President Duterte to provide wider access to quality college education to the marginalized sector, GSIS aims to augment the means of its low-income members in sending their children or dependents to college through the grant of a P10,000 yearly allowance.”
Universal Access to Quality Tertiary Education
In addition to what he said about the social development policy, he continued by saying that this program would greatly complement the Republic Act (R.A.) 10931 or more commonly known to be the Universal Access to Tertiary Education. This mandate requires a provision of free miscellaneous and tuition fees for students to enroll in State Colleges and Universities (SUCs) and Local Universities and Colleges (LUCs).
The program would be done via the GSIS Educational Subsidy Program (GESP) and would provide a P10,000.00 educational subsidy/assistance to selected 10,000 children of the members or children of dependents (low-income members).
Who would be eligible for the program?
According to the agency, the program is going to be open to all active GSIS members who have permanent employment statuses and a Salary Grade (SG) of 24 and below or its equivalent, and those who have updated GSIS premium payments and no underpaid or unpaid loan amortizations for more than three (3) months for the duration of the grant.
The educational subsidy of P10,000.00 yearly will be granted to qualified students in any year level of a four (4) or a five (5) year course at any university or college (SUCs and LUCs) duly recognized and known by the Commission on Higher Education (CHED).
What are the requirements?
According to the GSIS, all members who are interested in applying for the P10,000 educational subsidy can proceed to do the following:
- The GSIS Educational Subsidy Program (GESP) application form;
- PSA-certified Birth Certificate of the dependent;
- Certificate of Employment (CoE) of the member or Certified True Copy of the Service Record duly signed by the Agency Authorized Officer of the employer.
- Affidavit with statement that the student is not receiving any type of financial or educational assistance program (including the GSIS Scholarship program) for the duration of the grant;
- Certification from the school which states that the student is accepted and/or enrolled in the current academic year with the student’s:
- Year level
- Duration of the course
- Report card and/or School Certification which states that the general weighted average of the student/applicant is at least 80% without failing/incomplete grades and remarks.
All interested active GSIS members can download the forms, requirements, as well as the Terms and Conditions (T&Cs) via the GSIS website.
Macasaet clarified that the students must meet the scholastic requirement for them to be able to continue with the educational subsidy from the GSIS.
The grantees will continue to receive educational subsidy until they finish their college course for as long as they meet the scholastic requirement of 80 percent general weighted average with no failing grade or incomplete mark incurred in any subject within the preceding semester or term of the academic year.”
How would the students receive the allowance?
The allowance would be dispersed to the students via electronic crediting to their accounts at the Land Bank of the Philippines (LandBank); this will be opened by the GSIS for the sole purpose of remittance.
This is whole new assistance given by the GSIS to their members who are less capable of providing assistance to their children. More so, this educational subsidy or allowance comes with requirements that students need to meet for them to continue with the program.
What do you think about the P10,000 yearly educational subsidy provided by the GSIS? Is this sufficient for the members of the low-income bracket of the public sector? Could this be enough help for students who are in dire need of it?
For questions and further inquiries about the said P10,000.00 yearly educational subsidy, interested members can email the [email protected] Moreover, members can visit the website of the GSIS to know more about different programs and benefits active GSIS members can avail.