TACLOBAN CITY—Student scholars of Ormoc city government will each receive a cash gift after achieving “Latin honors” this school year.
The Local Scholarship Board in the city said that the honor scholars will receive their cash incentives during their graduation ceremony on April 12 at the Ormoc superdome.
A graduate with summa cum laude will receive P25,000, while the magna cum laude is P 15,000 and for cum laude, P12,000.
The said scholars will also get an additional P3,000 graduation allowance.
City Mayor Richard Gomez has institutionalized the Ormoc Scholarship Program in 2017 with an allocated fund of P8 million after an ordinance was passed in 2016.
However, it was learned that only around P 4 million was used up because there were only few who qualified during the said year.
In December 2017, around 250 applied but only 154 of them were accommodated because these were the ones who reached a cut off of their exam results.
Mayor Gomez had expressed admiration over the academic accomplishments of their scholars.