25 February, 2017
GIDIFA EDUCATIONAL GRANT POLICY
This is an official document of Global Infrastructure, Development and International Finance Agency (GIDIFA) from the desk of its Secretary General, Honorable Angel Ferdinand Marcos. Copies of these records will be stored in the official archives of GIDIFA.
The Educational Grant Policy is to ensure that grants are made available to those Recipients who are deemed to be eligible for educational assistance based on the policies, terms and conditions as set forth and established by GIDIFA.
TERMS AND CONDITIONS FOR UTILIZATION OF EDUCATIONAL GRANTS
Recipient is deemed eligible and receives a Certificate of Grant from GIDIFA, duly signed.
A Surety Bond is established by and for said Recipient.
The Recipient shall pay one percent of the face value of said Bond (Grant Amount) for the payment of any and all such fees as shall be required for the establishment of an Educational Account and the requisite banking fees to guarantee payment of benefit.
In such cases wherein the payment of the one percent would create an undue financial burden, GIDIFA may, at its sole and unfettered discretion, consider such mitigating and/or extenuating circumstances and opt to waive any and all such fees.
The Surety Bond shall be duly lodged in such Financial Institution(s) as shall be utilized by GIDIFA.
At such a time as Recipient shall select a course of study and an educational institution, they shall provide to GIDIFA, any and all such documents as shall be provided by said educational institution for the purposes of payment of the selected course of study, Said documentation should also include any and all such extemporaneous costs as can be predicted to include but not to be limited to the cost of books, laboratory costs and/or other such costs as shall be foreseeable in addition to a direct representative of the Educational Institution through which payment may be arranged and facilitated.
GIDIFA and/or its representative shall deal directly with the representative of the educational institution for the arrangement and payment of any and all such costs as have been established and deemed to be requisite for the educational pursuits as have been selected.