Since its establishment in 2009, KOSAF has been
striving to help people to pursue their dreams. Its programs provide financial
assistance primarily though grants, scholarships, loans, and work-study
programs. Going and beyond financial support, KOSAF’s talent development
programs give students a platform for developing leadership that effectively
The Korea Student Aid Foundation was established by
Korean law in the Act on the Establishment of the Korea Scholarship
Foundation on May 7, 2009 (Act No. 9415 of February 6, 2009). Working closely
with the Ministry of Education, KOSAF administers
government-supported assistance to students in higher education.
KOSAF was established with the following
aim: creating and operating a national system in which “any person
with sufficient qualifications and abilities for higher education to study
without regard to their economic circumstances” (Act on the Establishment of the
Korea Scholarship Foundation, Act No. 9617 of April 1, 2009, Article
- The history of KOSAF gives a vital perspective on the progress of
national student aid in Korea. Building on effective strategies and strong
commitment to nurturing future leaders, KOSAF has helping students across
the country with programs and services.
- Mission and
- As its mission, KOSAF has been striving to help to effectively use resources
given by the Korean Government and communities so that everyone can become a
valuable asset to communities in Korea and beyond.