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GSIS grants scholarship to 400 members’ dependents

Date Posted: September 25, 2018

State pension fund Government Service Insurance System (GSIS) has chosen 400 new scholars for Academic Year 2018-2019 under its GSIS Scholarship Program (GSP), which provides an opportunity for low-income GSIS members to send their dependents to colleges and universities providing quality education.

The selection of scholars from over 3,000 applicants was based on annual basic salary, length of service and course category, as well as other eligibility requirements including members’ status of employment, premium payments for the last six months, salary grade, sectoral group, and school where their dependents are accepted or enrolled.

Over the years, amendments to the program have been introduced to make it more equitable and responsive particularly to members in the low-income bracket. Slots were increased from only 25 in 1998 to 400 in 2016, except in 2017, when 600 slots were given in celebration of GSIS’s 80th year.

Nominees of members who have the lowest annual basic salary have been given priority in the scholarship grant.

The program was also expanded to include sectoral groups such as solo/single parents, persons with disability, indigenous peoples, and Permanent Total Disability Pensioners (PTD) below 60 years of age, who have incoming freshmen-dependents accepted in or taking up any 4- or 5-year course identified by the Commission on Higher Education.

Of the 400 grantees for AY 2018-2019, 45 came from sectoral groups while four were PTD pensioner-grantees.

Under GSP, scholars are entitled to the actual cost of tuition and miscellaneous fees not exceeding Php40,000 per academic year. They will also receive a monthly allowance of Php3,000.

Scholars who will graduate with highest honors will receive additional incentives of Php20,000 for cum laude, Php30,000 for magna cum laude, and Php50,000 for summa cum laude.

GSP was launched in 1998 as part of GSIS’s corporate social responsibility program.

The complete list of 400 scholars may be viewed at www.gsis.gov.ph.