Student Loan

Loan Eligibility, Application Period, Etc.

장기 프로그램 재학기간 및 취득학점 지원자격, 어학성적 지원자격, 기타 지원자격을 안내하는 표
Division		Student loan to be repaid after Employment	General repayment student loan
Eligible Applicant	Target	Undergraduates of Higher Education Institutions in Korea, agreed with the Ministry of Education or Foundation (Graduate school, Academic Credit Bank Institution, Foreign University are excluded)	Undergraduates and Graduate students of Domestic Higher Education Institutions (Except Educational Institutions with Credit Bank System and Foreign Universities)
	Age	35 years old or younger (Up to 45 years old)	55 years old or younger (Students admitted before 55 years old up to 59 years old)
	Performance Criteria	Freshman: No limit Enrolled students: Minimum credits required (or 12 credits) and college grades of at least 70/100 points (Grade C ) For the disabled, GPA and credits requirements are exempted	Freshman: No limit tudents: Minimum credits required (or 12 credits) and college grades of at least 70/100 points (grade C ) For the disabled, GPA and credits requirements are exempted
	Income Criteria	Within 8th Income Quartile However, students from multi-family households are exempted	No limit on Earning Section
	Credit requirements	No requirement (Including Financial Defaulter, Poor credit ratings) low credit)	Students in delinquent of student loans and Financial Defaulter are not eligible
Interest Rate		Variable rate (2.20% per year)	Fixed rate (2.20% per year)
Loan Terms		Tuition: Full amount (No limit) Living expenses: 3 million won per year (1.5 million won per semester)	Tuition Fee: Full amount (Limited) Total amount of loan University (Including colleges): 40 million won 5, 6 years College (Graduate) and General, Specialized Graduate School: 60 million won College (Graduate School) of Medicine, Dentistry, Oriental Medicine and Specialized Graduate School: 90 million won Living expenses: 3 million won/year (1.5 million won per semester)
Loan Period		If the amount of income is less than the standard amount of repayment (income of 28,000,000 won per year) Conditional waiver of Repayment obligation for Students over 65 (If there is no income other than National Pension and less than the amount of revenue recognized by Presidential Decree)	Selective from Maximum 20 Years (10 years deferment + 10 Years redemption)
Repayment Method		Mandatory Redemption: Repayment based on income (National Tax Service) Voluntary Redemption: Repayment (Foundation) at will (no Fees incurred for voluntary redemption)	Selective from Level Payment or Principal Equity Repayment (Monthly Installment) Early repayment is possible (No fees incurred)

How to apply

Application and execution on the Student Loan Portal (www.kosaf.go.kr)
Login-Visit homepage (www.kosaf.go.kr), Login (ID, Password)
Click the button to apply -Click Munu to apply for Student Loan → Click to fill out Application button
Agreement and Pledge-'Consent to Collection, Use, Provision and Inquiry of Personal (Credit) Information', Accept 'Applicant Agreement'
Application Information-Enter school information, personal and family information (Unmarried: Parent information, Married: Spouse Information)
Loan Application-Select the Student Loan CheckBox
However, 'Consent of household members' is required at the time of application for judging Earning Section (Quantile)
During the registration period, visit the Korea Scholarship Foundation Website to confirm the loan approval before the execution.
Payment of tuition (Tuition will be transferred directly to the University from Korea Scholarship Foundation)
Registration can be confirmed on the following day after the execution
Due to no small number of connections, there is a concern about computer failure, so please apply in advance to avoid inconvenience.

Inquiry for details for the Student Loan

Korea Scholarship Foundation website (http://www.kosaf.go.kr), Call Center : 1599-2000