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Student’s loan

Student’s loan guide

The borrowing is absolutely impossible in case the wisher of student loan pays the tuition in advance out of enrolled student (including expected returning student)

Corresponding students are required to apply by referring the below content as the government guaranteed student loan of semester 1, 2007 for the object of students who are difficult to provide the tuition.

※ Please refer to the portal site of the government student loan (www.kosaf.go.kr) for detailed content.

Loan amount

The admission fee and tuition of 1st semester and living expenses (within 1 million won)

The interest on a loan: to be determined (it is decided and notified in Ministry of Education & Human Resources Development prior to the commencement of loan)

  • The interest on a loan for 2nd semester, 2006: 6.84% (a fixed rate of interest)
  • Interest-free, low interest loans
  • The government bears the whole/part of interest during the grace period by selecting the subject of low-income class students within the budget range.
    • Interest-free loans: for the object of low-income class science and engineering students. They don’t bear the interest during the grace period.
    • Low interest loans: for the object of low-income class non-science and engineering students. The said person bears the interest of 2 % during the grace period.
    • ※ Low-income class: the person of National Basic Livelihood Security Act, the Medical benefit beneficiary (the person whose income is less than Group 3), the income of 1~3 Group.

The object of loans: enrolled students (including expected returning students), freshmen (the successful applicant of college entrance process of 2007, re-new students)

Note for the freshmen of 2007
  • The student loan should be applied in advance irrespective of success or failure in University in case Students want the student loan.
  • (It is selected as the object of loan only for the successful applicant.)
  • The student loan is possible after the payment of tuition in advance within the registration period of successful applicant.
The requirement for the basic qualification for application
  • Korean people expected to be in University (including returning to University) and to be expected admission (including freshmen, student of readmission to University) in domestic institution of higher education
  • Students who completed more than 12 credits in immediately previous semester (excluding freshmen)
  • Students (excluding freshmen) whose grade in immediately previous semester is more than 70 marks (the average grade 2.0) at time of conversion of 100 marks.
  • University students equipped with the requirement of minimum credit screening. (Students that there is no credit management information and presently who are not overdue in the financial institution.
  • Age for the application for the loan is Students born after January 1, 1951

The method of application: the application with the internet in the portal site of student loan (www.studentloan.go.kr)

  • The period of the application for the loan: January 2, 2007 (Tuesday) ~ March 15 (Thursday) [09:00~21:00, excluding Saturday, Sunday and Public holiday]
  • The input of the said person’s information in the portal site of student loan after joining the internet banking by visiting the business branch of The input of the said person’s information in the portal site of student loan after joining the internet banking (the issuance of official certificate ) by visiting the business branch of receiving bank of tuition (in case of this University, Kookmin bank, Shinhan bank and National Agricultural Cooperative Federation) and the application for the student loan.
  • The evidential document should be submitted without fail after internet application (the application is cancelled when the document is not submitted)
The application procedure guide
  1. 01. Internet loan application (www.studentloan.go.kr)
    • The issuance of official certificate in the Website of corresponding bank after joining the internet banking by visiting Kookmin bank, Shinhan bank and National Agricultural Cooperative Federation (carrying the seal, identification card and pass book, etc.)

      ※Parents consent is necessary for the person under age at time of joining internet banking
    • The membership joining by accessing the portal site of student loan
    • The preparation of “the application for the student loan” after log in
    • The application for the student loan is completed if the authentication of the said person is passed by using the issuance of official certificate.
  2. 02. The submission of evidential document (University or bank)

    The submission of evidential document in relation to the loan to University [academic affairs operation division (the first floor, main building)] – reference to the guide for “the submission of below evidential document”

  3. 03. Selection of subjects for loans
    • University : the application information, the identification of submitted document/the input of selection criteria of grade, etc.
    • Fund : the medical insurance inquiry, the evaluation of credibility
    • Students : the identification of selection result in the portal site of student loan
  4. 04. The conclusion of contract and the implementation of loan (the processing of registration)

    [freshmen: the registration period of successful applicant / the payment period of tuition (February 12 ~ February 16)]

The guide for the submission of evidential document

- The kind of evidential document

The guide for the submission of evidential document
Classification Evidential document Submission or not
Evidential document of parents and spouse Copy of resident registration Essential document
Copy of family registration It is limited to the case that the family relationship is not identified by the copy of resident registration (parents 2 persons or spouse 1 person)
Income Evidential document The certificate of National Basic Livelihood Security recipients The submission of corresponding person only
The certificate for the medical care subject The person corresponding to within the income less than group 3 only is submitted.
  • Less than 38,080 won per month of workplace health insurance premium
  • Less than 45,990 won per month of local health insurance premium

- The range of document submission by the use form

The range of document submission by the use form
Subject Document to be submitted The evidential document of income
Existing user In case there is no change with the existing submitted data There is no document to be submitted The submission of corresponding person only
In case there is the change in the information of parents and spouse The evidential document of parents and spouse
In case the University of belonging is changed The evidential document of parents and spouse
New user The evidential document of parents and spouse

- The document submission method by the enrolled student and adult or not

The document submission method by the enrolled student and adult or not
Subject Document to be submitted
Freshmen (student of readmission to University) A person under age The evidential document of parents is submitted to the bank (Kookmin bank, Shinhan bank and National Agricultural Cooperative Federation where the loan is implemented.
Adult The evidential document of parents and spouse is submitted to University of expected admission.
Enrolled students (expected returning to University) A person under age The evidential document of parents is submitted to the bank (Kookmin bank, Shinhan bank and National Agricultural Cooperative Federation where the loan is implemented.
Adult The evidential document of parents and spouse is submitted to University currently enrolled (expected returning to University).