2023 Spring Semester Academic Credit Bank System Student Loan Application Information

■ Eligible applicants: Learners who newly (first) register for courses or are currently taking classes for the evaluation and recognition of educational institutions under the academic credit bank system.

■ Application period: 2023. 1. 9 (Mon) 9:00 ~ 2. 28 (Tue) 17:00

  - You cannot apply for weekends and holidays during the above application period
 

  - During the above application period, loans for tuition fees are available from 09:00 to 17:00.
 

  - Since the registration deadline for the first semester of 2023 is the end of February, please apply for student loans by the first week of February if possible.

■ Income standards: No restrictions

■ Eligible borrowing age: 55 years old or younger

■ Grade Criteria: Those with a grade of 70/100 (C grade) or higher in the previous semester (except for new students)

■ Credit Requirements: Restriction on student loan delinquencies and those who default on financial obligations

■ Loan interest rate: 2023 1st semester - 1.7% (fixed rate)

 

■ Loan limit: Full amount of study expenses required to obtain a degree (up to a total of 40 million won per person)

■ Loan period: up to 18 years (up to 8 years deferred, up to 10 years redemption), depending on your circumstances.

 

■ Eligibility for loans: learning expenses for assessment-recognized learning subjects

■ Important: Student loans can only be supported by one institution.

 

■ Inquiries (Korea Student Aid Foundation Counseling Center)
 

  - Chat counseling - Foundation homepage/app → Click the Hope bot icon → Click `Counselor icon`
 

  - Telephone consultation - 1599-2000

 

■ For other details, please refer to  the Korea Student Aid Foundation-Academic Credit Bank System student loan page. 

※ Student loan application and implementation manual page