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IN THIS SECTION
National Student Aid in Korea
Grants & Scholarships
Types of Grants & ScholarshipsGrants & Scholarships
Process and Support
KOSAF Scholars Overseas
Student Loans
Types of Student Loans
Process and Support
Sharing & Volunteering
Types of Voluntary Programs
GATEWAYS
Government, Public & Private Organizations
Financial Supporters
Students and Parents
Schools
RELATED SITES
Cheong Wa Dae, Office of the President
Government of the Republic of Korea
Ministry of Education
Education, Culture, Sports & Tourism Committee
The National Assembly of the Republic Korea
The National Assembly of the Republic of Korea
Ministry of Strategy and Finance
SEE ALSO
Download relevant legal texts
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The national scholarships administered by KOSAF are customized to fit specific student profiles. Together, they provide support in such a way that as they develop, the programs offer assistance to an increasingly broad range of students, so that anyone with the will and the ability may have the opportunity to pursue study, regardless of financial status. The need-based scholarships were newly integrated in 2012 into two main programs: National Scholarship Type I and Type II.

NEED-BASED AID

National Grant Type I

National Grant Type I
PURPOSE OF THE PROGRAM The Korean government hopes to open higher education opportunities to all students with the will and the ability to study, and prevent them from abandoning education due to financial reasons.
DISTRIBUTION OF AID The maximum National Grant Type I award is 4.5 million KRW per year. Specific aid amount depends on the student’s Family Income Level, which is determined by the National Health Insurance Service. There are 10 levels depending on income and assets, and if a family’s income is below a certain poverty level, the family is identified as a “Recipient of Basic Living”.
The chart below shows how aid amounts differ for each Family Income Level.
Family Income Level Aid Amount per year
(Percentage of Maximum Amount)
Recipient of Basic Living 4,500,000 KRW (100%)
1 4,500,000 KRW (100%)
2 4,500,000 KRW (100%)
3 3,375,000 KRW (75%)
4 2,475,000 KRW (55%)
5 1,575,000 KRW (35%)
6 1,125,000 KRW (25%)
7 675,000 KRW (15%)
8 675,000 KRW (15%)
ELIGIBILITY - Undergraduate students enrolled in domestic universities
- Family Income Level below 8
- Must meet minimum academic requirements
  · Freshmen : no requirements for the 1st semester
  · Enrolled students: completion of minimum 12 credits and GPA above 80 out of 100 for the previous semester
FURTHER INFORMATION - Funds may be transferred either to universities and disbursed to students in the form of tuition wavers, or directly to students
- Students may simultaneously receive other types of scholarships, but total amount of aid should not exceed tuition & fees
- Recipients should reapply each semester to maintain eligibility status
ANNUAL BUDGET (2014) 2,835 billion KRW

National Grant Type II

National Grant Type II
PURPOSE OF THE PROGRAM Unlike National Grant Type I which are given to students, Type II grants are given to universities based on their self-efforts to reduce tuition fees. National Grant Type II is implemented as a part of governmental efforts to control postsecondary education costs and to encourage universities to reduce tuition fees.
DISTRIBUTION OF AID Students’ Family Income Levels are taken into consideration, but specific qualifications and procedures are at the discretion of each university.
ELIGIBILITY 1. General eligibility criteria identical to National Grant Type I
2. Universities may decide to relax academic requirements to suit their own circumstances
FURTHER INFORMATION - The characteristics of individual universities are taken into account when evaluating the university’s self-effort to reduce tuition costs
- Universities hoping to receive National Grant Type II must freeze or reduce their tuition fees. They also need to submit a formal proposal to the government on plans to reduce academic expenses
- Funds are transferred to universities, and students receive benefit in the form of tuition wavers
- Students may simultaneously receive other types of scholarships, but total amount of aid should not exceed tuition & fees
- Recipients should reapply each semester to maintain eligibility status
ANNUAL BUDGET (2014) 500 billion KRW

Third Child Grant

Third Child Grant
PURPOSE OF THE PROGRAM The purpose of the Third Child Grant is to help ease the financial burdens of postsecondary education funding in households with more than two children. As a part of the Korean government’s national policy to promote childbirth, KOSAF strives to help ease the financial burdens of raising a multi-child family.
DISTRIBUTION OF AID An annual amount of 4.5M KRW is given to multi-child households starting from the third child when he or she enters college.
ELIGIBILITY - Under 20 years old, third child or more
- Family Income Level below 8
- Entering students of domestic universities and colleges
- Must meet minimum academic requirements to maintain eligibility status
  · Freshmen: no requirements for the 1st semester
  · Enrolled students: completion of minimum 12 credits and GPA above 80 out of 100 for the previous semester
  * Students with disabilities: GPA above 70 out of 100 without minimum credit requirement
  * Students with Family Income Level below 1: GPA between 70 – 80 receives a grace period for one semester
FURTHER INFORMATION - Funds may be transferred either to universities and disbursed to students in the form of tuition wavers, or directly to students
- Third Child Grant may not be simultaneously awarded with Type I grant
- In cases where the recipient is qualified for both Third Child Grant and National Grant Type I, Third Child Grant will be given priority
ANNUAL BUDGET (2014) 122.5 billion KRW

*The payment rate is set annually by the Minister of Education according to the applicable legal regulation.