"Apply for Next Year's College Student National Scholarship" ... Korea Student Aid Foundation Accepts Applications Until the 27th of Next Month

The Ministry of Education (Deputy Prime Minister and Minister of Education Lee Ju-ho) and the Korea Student Aid Foundation (Chairman Bae Byung-il) will accept the first round of applications for the 2024 academic year first semester National Scholarship from 9 a.m. on the 22nd until 6 p.m. on December 27.

The National Scholarship is an income-linked scholarship provided by the government to students whose income and assets are below a certain level (Scholarship Support Level 8) and who meet academic criteria, aimed at alleviating the tuition burden for university students.

Promotional materials from the Ministry of Education and the Korea Student Aid Foundation announcing the application for the national scholarship.

The scholarship support level is determined based on the recognized income amount calculated from the income, assets, and debts of the student and their household members (parents or spouse), and the completion status of the scholarship support level calculation will be notified via mobile phone and email.

Eligible applicants include all university students such as currently enrolled students, freshmen, transfer students, re-enrolled students, and returning students. Applications can be submitted 24 hours a day through the Korea Student Aid Foundation website and the ‘Korea Student Aid Foundation’ mobile app. When applying for the National Scholarship, Type I and II scholarships and the multi-child scholarship are applied for simultaneously.

Starting from the first semester of the 2024 academic year, applicants can use the ‘National Scholarship Pre-Checklist’ to pre-check their screening items when applying for the National Scholarship, and KakaoBank accounts can be used as the account to receive the scholarship funds.

Only accounts from partner banks are available. These include Woori, Kookmin, Shinhan, IBK, Kyongnam, Nonghyup, Gwangju, Daegu, Busan, Suhyup, Hana Bank, SC Bank, Jeonbuk, Jeju, Post Office, K Bank, and KakaoBank.

National Scholarship Type I and the multi-child National Scholarship provide support ranging from 3.5 million KRW annually up to full tuition within Scholarship Support Level 8 or below.

Additionally, National Scholarship Type II can support students up to Level 9 according to each university’s own support criteria.

Applicants for the National Scholarship must complete consent for household member information provision and submit necessary documents by 6 p.m. on January 3, 2024.

Consent for household member information provision can be given using electronic signature methods (certificates) via the Korea Student Aid Foundation website or the ‘Korea Student Aid Foundation’ mobile app. If consent was previously given (after 2015), this step can be skipped. However, if household members have difficulty providing consent electronically due to reasons such as overseas residence or old age, they can submit the consent form (including a copy of their ID) by mail or fax, or visit one of the Foundation’s regional centers with their ID.

Document submission is required if the family information entered during application differs from official records. Applicants must submit documents such as a resident registration certificate or family relation certificate through the Korea Student Aid Foundation website or the ‘Korea Student Aid Foundation’ mobile app.

Applicants who need to submit documents will be notified via text message 2 to 3 days after applying, and the list of required documents can be checked on the Foundation’s website under Document Submission Status.

Application results can be checked through the Korea Student Aid Foundation website, and for detailed consultations, applicants can receive one-on-one customized counseling by phone or by visiting the Foundation’s regional centers.

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