The Korea Scholarship Foundation’s student loan system is a student loan support policy designed to reduce the burden of tuition for new and current college students so they can focus on their studies.
Loans are available within the amount of tuition (including admission fee)
The Korea Scholarship Foundation, that has a repayment loan system that lends full tuition to college students (under 35 years of age) in the 8th income percentile or lower to help them focus on their studies and divides the principal and interest if income is generated after employment
The application schedule changes every semester, so please refer to the Korea Scholarship Foundation website for more details.
General repayment student loan
Loan available within tuition (including admission fee)
Consumer-oriented loan system that provides support at a low interest rate by introducing a direct online loan method to college students (under 55 years of age) of all income categories (quantiles) from the Korea Scholarship Foundation
Student loan for college students from rural areas
Loan available within tuition (including admission fee)
Loan system that provides interest-free benefits from the Korea Scholarship Foundation to students from households that have an address in a rural area and have been residing there for more than 6 months
Grade standards
Complete at least 12 credits in the previous semester and obtain a grade of 70/100 (1.6/4.5)
Interest rate
Student loan repayable after employment ￫ Variable interest rate – General repayable student loan ￫ Fixed interest rate
※ Interest rates are subject to change every semester, please refer to Korea Scholarship Foundation
