GSIS to release P100M educational subsidy to members’ kin

The Government Service Insurance System (GSIS) will release a total of P100 million to 10,000 kin of GSIS members to augment their college education expenses through the GSIS Educational Subsidy Program (GESP) for academic year (AY) 2021 to 2022. Each college student will receive Php10,000 from GSIS. “Malaking ginhawa ang hatid ng Php10,000 na educational subsidy para sa ating mga miyembrong may anak o legal dependents na nasa kolehiyo, lalo pa ngayon na nasa gitna tayo ng pandemya. Mula sa 15,770 qualified applicants, pumili tayo ng 10,000 grantees na pinakanangangailangang makatanggap ng educational assistance para sa pag-aaral ng kanilang kaanak,”...

GSIS opens Php20B study-now, pay-later loan program for members’ kins

Date Posted: October 26, 2020 In response to the call of President Duterte for credit support to education in light of the economic effects of the pandemic, state pension fund Government Service Insurance System (GSIS) President and General Manager Rolando Ledesma Macasaet announced that GSIS is opening today a Php20 billion study-now, pay-later loan program for the college education of GSIS members’ kins. “We will allow GSIS members who have at least 15 years of government service to avail of an educational loan for their kins in college. The loan has a term of ten years but we will not...