Jeju Gukje University and 11 Others Face National Scholarship and Student Loan Restrictions Next Year

Eleven universities, including Jeju International University and Korea International University, will face restrictions on national scholarships and student loans next year.

The Ministry of Education and the Korea Educational Development Institute finalized and announced on the 19th the list of 283 universities eligible for government financial support for the 2024 academic year (161 general universities and 122 vocational colleges) and 11 restricted universities after deliberation by the University Structure Reform Committee.

Accordingly, three general universities?Gyeongju University, Daegu Arts University, and Seoul Christian University?and two vocational colleges?Woongji Tax College and Jangan College?will no longer be eligible for Type II national scholarships, and support for general repayment student loans will be limited by 50%.

Three general universities?Jeju International University, Korea International University, and Hwaseong Medical Science University?and three vocational colleges?Goguryeo University, Gwangyang Health College, and Yeongnam Foreign Language College?will face restrictions on both Type I and Type II national scholarships as well as general repayment and income-contingent student loans.

These measures will be applied for one year during the 2024 academic year.

From the 2025 academic year, restrictions on national scholarships and student loans will be implemented based on the institutional accreditation results from the Korea Council for University Education and the Korea Council for College Education, as well as financial diagnosis results from the Foundation for Private School Promotion.

Separately, among the 21 universities designated as restricted from government financial support in the 2023 academic year, 10 universities will be removed from the restricted list starting from the 2024 academic year.

Lee Haesook, Director of the University Regulation Innovation Bureau at the Ministry of Education, said, "Students and parents preparing for university admission in the 2024 academic year should check the list of universities eligible for government financial support announced this time to confirm whether the universities they wish to attend have any restrictions on national scholarships or student loans."

This content was produced with the assistance of AI translation services.