State-run Government Service Insurance System (GSIS) announced on Thursday, Dec. 29, that the pension fund will grant educational assistance to kin of its members.

Wick Veloso, GSIS president and general manager said they will release P100 million in financial aid to 10,000 qualified children of members through the GSIS Educational Subsidy Program (GESP) for academic year (AY) 2022 to 2023.

Veloso said the qualified children of members will receive an educational subsidy of P10,000 per academic year.

“We share President Marcos’ view that education is the foundation of a prosperous nation,” Veloso said in a statement. “For this reason, we want to give relief to our members who are sending their kids to college.”

The list of qualified grantees for AY 2022-2023 may be viewed through the GSIS website.

The GSIS Corporate Social Advocacies and Public Relations Facilities Department received a total of 12,140 applications nationwide.

Of the 10,000 applicants who were selected as grantees of GESP for AY 2022-2023, a total of 1,235 grantees are from the National Capital Region; 2,212 grantees, from North Luzon; 2,251 grantees, from South Luzon; 2,005 grantees from the Visayas Region; and 2,297 grantees, from Mindanao Region.

The member-grantees were selected based on the members’ employment status, annual basic salary, and loan payments.

Likewise, the qualified children of members are enrolled in any year level of a four- or five-year course in a Commission on Higher Education - registered private institutions or state universities and colleges with a general weighted average of 80 percent.

To receive the subsidy, new GESP recipients must submit the duly signed and notarized GESP agreement, information sheet with two copies of the student’s latest 2×2 ID pictures, and Land Bank of the Philippines account number.

These requirements must be submitted to the nearest GSIS office within 60 calendar days from the publication of the list of qualified students in the GSIS website or official social media account.