AROUND 10,000 dependents of members of Government Service Insurance System will each receive an educational subsidy of P10,000 per academic year.

GSIS President and General Manager Wick Veloso confirmed that P100 million in financial assistance will be released to qualified children through the GSIS Educational Subsidy Program for Academic Year 2022 to 2023.

“We share President Marcos’ view that education is the foundation of a prosperous nation. Kaya naman nais naming mabigyang ginhawa ang aming mga miyembro na nagpapa-aral ng kanilang mga anak sa kolehiyo. Nawa ay makabawas ito sa kanilang gastusin,” Veloso said.

Of the 10,000 GESP beneficiaries, 1,235 are from the National Capital Region; 2,212 from Northern Luzon; 2,251 from Southern Luzon; 2,005 from Visayas; and 2,297 from Mindanao.

The official said the beneficiaries were selected based on the members’ employment status, annual salary and loan payments.

The GSIS received 12,140 applications.

GESP recipients are required to submit 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.

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