Gyeonggi-do Supports Interest on Student Loans for University Students... Applications Accepted Until February 14

Gyeonggi Province is accepting applications for the ‘2025 First Half Gyeonggi Province University Student Student Loan Interest Support’ until February 14.

This program provides interest support twice a year, divided into the first and second halves, for tuition and living expenses loans taken out from the Korea Student Aid Foundation since the second semester of 2010. The support for the first half of this year targets interest accrued from July to December of last year.

Eligible applicants include university and graduate school students, including those on leave of absence, as well as unemployed graduates, while learners under the Academic Credit Bank System are excluded.

Gyeonggi Provincial Government

Graduates can receive support up to 10 years after university graduation and up to 4 years after graduate school graduation. At this time, at least one person among the applicant or their direct ascendants (parents, grandparents, maternal grandfather, maternal grandmother) must have continuously resided in Gyeonggi Province for more than one year as of the announcement date according to their resident registration.

Gyeonggi Province will announce the results in July after a document review process and pay the interest. The loan interest will be deposited into the Korea Student Aid Foundation loan account, not the applicant’s account, and deducted from the principal and interest balance.

Meanwhile, last year, Gyeonggi Province supported about 48,000 people with 4.53 billion KRW in student loan interest.

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