Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined benefit scheme under the law. It ensures its members are against certain contingencies in exchange for their monthly premium contributions.
GSIS members are entitled to various social security benefits, including life insurance, separation or retirement, and disability benefits.
GSIS also administers the General Insurance Fund by RA 656 (Property Insurance Law). It provides insurance coverage to government assets and properties that have government-insurable interests.
And now, the State pension fund Government Service Insurance System is accepting applications for the GSIS Educational Subsidy Program (GESP). Under the program, GSIS will grant a yearly P10,000 educational assistance to 10,000 members’ children or dependents in college.
The grantees will receive a Php10,000 yearly financial assistance from GSIS until they finish their college course, provided they maintain a general weighted average of 80% with no failing grade or incomplete mark in any subject.
What do you think? Do you want to try your luck? You better say yes to this offer; I urge you to act immediately. You don’t want someone to get ahead of you now, right? that would be frustrating. A member can receive assistance for up to two children or dependents under GESP, provided the subsidy is granted for different school years.
Qualified to nominate grantees for GESP are active members with permanent status. Their salary grade must be 24 (or it’s equivalent) or below, and premium payments should be updated. Moreover, they must have no underpaid or unpaid loan amortization of not more than three months for the duration of the GESP grant.
For AY 2021-2022, GSIS received 17,300 GESP applications. Out of these received applications, the grantees were selected from different regions across the country, broken down as follows: 1,581 from NCR; 1,994 from North Luzon; 2,093 from South Luzon; 2,078 from Visayas; and 2,254 grantees from Mindanao.
See? you don’t have to think about how you’ll apply by reason of where you live, wherever you are, because everyone can have the chance to be one of the grantees of the GSIS Educational Subsidy Program (GESP)
See Also: SM College Scholarship Program for SY 2023-2024
Qualifications for GESP?
- Children or family members of active GSIS contributors
- Grantees should be college students at any year level (with a four-year or five-year course and enrolled in any CHED-recognized school) without any scholarship from a public or private organization.
- Parents have permanent employment status below the salary grade 24 (or its equivalent).
- Have no underpaid or unpaid loan amortization for more than 3 months
Applicants must submit an affidavit stating that the students are not recipients of any other educational or financial assistance program (including the GSIS Scholarship program) for the duration of the grant; a school certification stating the student’s course, year level, and the duration of the course and that the student is accepted or enrolled during the current academic year; and a report card or school certification indicating that the general weighted average of the applicant’s dependent is at least 80% with no failing grade and incomplete mark incurred in any subject.
See Also: List of Cadetship Programs in the Philippines
Requirements for GESP?
To apply for the GESP SY 2022-2023 grant, here are the documents you should submit:
- Student’s birth certificate.
- Certificate of registration of grades
- Certificate from a college verifying that you are enrolled or accepted during the current academic year and which indicates your course, the duration of your course, and your year level.
- Grade of at least 80% with no incomplete or failed ratings in any subject within the previous year.
- Certificate of employment or service record (if applicable).
- Properly filled out the GESP application form.
How to apply for GESP?
To apply, eligible GSIS members must submit the properly filled-out application form; original or certified true copy of the birth certificate of the student issued by the Philippine Statistics Authority; certificate of employment, or certified true copy of service record duly signed by the member’s agency authorized officer; notarized affidavit stating that the student is not receiving any other educational or financial assistance program; and certification from the school that the student is enrolled in the current academic year, the duration of the course, and the student’s year level.
- Download, print, and fill out the application form.
- Once done, send a copy of the application form and other documents mentioned above to the Nearest GSIS Office or in a DropBox.
See Also: List of Cadetship Programs in the Philippines
Interested parties who have inquiries on GESP may visit the GSIS website (www.gsis.gov.ph) or the GSIS Facebook page (@gsis.ph); email [email protected]; or call the GSIS Contact Center at 8847-4747 (if in Metro Manila) or 1-800-8-847-4747 (for Globe and TM subscribers) and 1-800-10-847-4747 (for Smart, Sun, and Talk ‘N Text subscribers).
Prospective applicants may also coordinate with the GSIS Corporate Social Advocacies and Public Relations Facilities Department at [email protected] or (02) 8479-3571 to 72.
Deadline of Application
*Stay alert for the most recent update.
Source: Government Service Insurance System
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