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Manila Bulletin devider Philippines devider National devider GSIS to release P100-M educational subsidy

GSIS to release P100-M educational subsidy

Published Jan 31, 2022 03:11 pm

The Government Service Insurance (GSIS) on Monday, Jan. 31, said it will release a total of P100 million to 10,000 kins of members to augment their college expenses for the academic year 2021-2022.

GSIS said each student will receive P10,000 from GSIS.

"The P10,000 educational subsidy will bring a great relief for our members with children or legal dependents who are in college, especially now that we are in the middle of a pandemic," GSIS President and General Manager Rolando Ledesma said in Filipino.

"From 15,770 qualified applicants, we selected 10,000 grantees most in need of receiving educational assistance," he added.

Out of nearly 17,300 received applications nationwide, the grantees for AY 2021-2022 were selected from different regions across the country: 1,581 from the National Capital Region; 1,994 from North Luzon; 2,093 from South Luzon; 2,078 from Visayas, and 2,254 grantees from Mindanao.

Ledesma said the grantees will receive the subsidy after submitting the requirements to GSIS. The subsidy is non-transferable.

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