GSIS President and General Manager Robert G Vergara today announced that beginning May 15 2012, low-income government workers may start nominating their children to the enhanced College Scholarship Program of the Government Service Insurance System (GSP) where 200 slots are available for School Year 2012-2013.
“As part of celebrating our 75th anniversary this year, the current Board of Trustees revised the scholarship program to ensure that our low-income members will be given the opportunity to send their children to colleges and universities that provide quality education.”
Unlike in the past scholarship programs, the selection of scholars will no longer be done through an electronic raffle. The GSIS will instead accept scholarship nominees from members with a salary grade of 24 or below, or its equivalent. The nominee of parents with the lowest salary grades will be given priority in the scholarship grant. Further, the nominee must be a child of the member and an incoming freshman accepted in the schools identified by the pension fund.
The scholar of the program will be entitled to the actual cost of tuition and miscellaneous fees not exceeding Php20,000 and a monthly stipend of Php2,000. The scholar may also opt to take a four- or five-year course but must meet the scholastic requirements set by the school for student retention under the program.
The distribution of the 200 scholarship slots per region will be proportionate to the number of GSIS members in each region. Thus, GSIS will select 60 scholars from NCR; three (3) from CAR; nine (9) from Region 1; nine (9) from Region 2; 16 from Region 3; 10 from Region 4-A; one (1) from Region 4-B;11 from Region 5; 14 from Region 6; 10 from Region 7; 11 from Region 8; 12 from Region 9; 11 from Region 10; nine (9) from Region 11; 10 from Region 12; and four (4) from Region 13.
The pension fund has already awarded a total of 1,371 scholarship grants since the inception of the program in 1998. From this total, 404 active scholars are currently enrolled in various colleges and universities nationwide as of April this year.
Aside from the scholarship program, the GSIS is granting its members, a Php4,000 educational assistance, which is payable in five years at six percent interest rate.
For a complete list of GSIS-accredited educational institutions under the GSIS College Scholarship Program, please click here. For other details, members may call 976.4970.