Gumi-si Opens Applications for University Student Loan Interest Support in the Second Half of This Year

Applications Available via City Website for 4 Weeks Starting the 16th

Korea Student Aid Foundation Supports Interest on Loans for First Half of the Year

Gumi City, Gyeongbuk Province, is recruiting applicants for the "2023 Second Half Gumi City University Student Student Loan Interest Support Project," which supports the interest accrued in the first half of 2023 on student loans received from the Korea Student Aid Foundation.

Gumi City Hall.

This project aims to reduce the financial burden on local university students who have taken out student loans and to provide fair opportunities for higher education. Unlike last year, applications will be accepted separately for interest accrued in the first and second halves of the year.

Support for interest accrued in the second half of 2023 (July to December) is scheduled to be announced in the first half of 2024.

Eligible applicants are university students (including those on leave) currently enrolled in universities within Gumi City who, as of the announcement date (October 13), have been registered residents of Gumi for at least one year, either themselves or through their direct ascendants. The support covers the interest accrued in the first half of 2023 (January to June) on student loans executed since the first semester of 2017, provided through a deduction from the principal and interest repayment of the loan.

Online applications will be accepted on the city hall website for four weeks from October 16 to November 13, with results announced and interest payments completed in December. Details of the support can be found on the Korea Student Aid Foundation website or by contacting the Korea Student Aid Foundation Customer Center.

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