State pension fund Government Service Insurance System (GSIS) will accept applications for the enhanced GSIS Scholarship Program (GSP) for Academic Year 2018-2019 from April 16 to June 15.
“Out of 400 college scholarship slots for children or dependents of low-income GSIS members this year, at least 40 are allotted to dependents of persons with disabilities, indigenous peoples, and solo or single parents. Since meeting their basic needs is already a struggle for a lot of our members, they need support in other vital expenses like defraying the cost of college education,” GSIS President and General Manager Jesus Clint Aranas explained.
He added that the GSIS has been granting scholarships to deserving children or dependents of low-income members and pensioners since 1998 as part of the pension fund’s corporate social responsibility program. “At present, a total of 3,283 scholarship grants have been awarded under the program,” he said.
Qualified GSIS members may nominate their children or dependent to the scholarship if they are incoming freshmen who have been accepted in any four- or five-year course or in priority courses in Commission on Higher Education (CHED)-recognized schools.
Under GSP, GSIS will shoulder the actual cost of tuition and miscellaneous fees not exceeding Php40,000 per academic year of the 400 new scholars. The scholars will also receive Php3,000 monthly allowance.
Monetary incentives in the amount of Php20,000, Php30,000, and Php50,000 also await scholars who will graduate with Latin honors cum laude, magna cum laude, and summa cum laude, respectively.
Children or dependents of active members and children of permanent total disability (PTD) pensioners who are less than 60 years old may be nominated to the program.
Active members are qualified to nominate scholars if they are permanent government employees who have at least three-year government service, have a salary grade of 24 or below (or its equivalent job level), and have paid premium contributions for the last six months.
Single or married active members who are childless may nominate one child or dependent who rely on them for support, while PTD pensioners below 60 years old may nominate their children only.
The GSP application forms, requirements, and scholarship terms and conditions are available online at www.gsis.gov.ph.
Interested members may email firstname.lastname@example.org or call (02)976-4970 for inquiries or clarifications.
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