By: Elsa S. Subong
LOW-INCOME members of the Government Service Insurance System (GSIS) can now nominate their children to the enhanced College Scholarship Program of the GSIS for academic year 2012-2013.
GSIS President and General Manager Robert G. Vergara, said in a press release, that nominations will be accepted starting May 15.
Vergara said the Board of Trustees revised the scholarship program to ensure that members will be given the opportunity to send their children to colleges and universities that provide quality education.
He added that unlike in the past, the selection of scholars will no longer be done through an electronic raffle.
The GSIS will get scholarship nominees from members with a salary grade of 24 or below, or its equivalent, where the nominee of parents with lowest salary grades will be given priority.
Further, the nominee must be a child of the member and an incoming freshman accepted in the school identified by the pension fund.
The scholar will be entitled to the actual cost of tuition and miscellaneous fees, not exceeding P20,000 and a monthly allowance of P2,000.
The scholar may also opt to take four or five-year course but must meet the scholastic requirements set by the schools for students under the program.
Western Visayas has an allocation of 14 slots for qualified nominees.
GSIS records showed that the pension fund has already awarded a total of 1,371 scholarship grants since the program started in 1998, where currently a total of 404 scholars are enrolled in various colleges and universities nationwide, as of April 2012.