Types of Grants & Scholarships

The financial aid programs administered by KOSAF are customized for students’ various needs. Together, the programs offer aid to an increasing range of students. Through its grants and scholarship programs, KOSAF strives to establish a system in which any qualified individual has the opportunity to pursue higher education, regardless of financial status.

KOSAF’s grant and scholarship programs are divided into three main categories: need-based, merit-based, and work-based.

NEED-BASED AID

National Grant Type I

National Grant Type I
PURPOSE OF THE PROGRAM The Korean government offers higher education opportunities to qualified and motivated students, and prevent them from abandoning education due to financial reasons.
DISTRIBUTION OF AID The maximum National Grant Type I award is up to ₩ 5.2 million per year. Specific aid amount depends on the student’s Family Income Level, which is determined by the Social Security Information System managed by the Ministry of Health and Welfare. 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 Security Benefits”.
The chart below shows aid amounts according to the income levels.
Family Income Level Aid Amount per year
(Percentage of Maximum Amount)
Recipient of Basic Living Security Benefits ₩ 5,200,000 (100%)
1 ₩ 5,200,000 (100%)
2 ₩ 5,200,000 (100%)
3 ₩ 3,900,000 (75%)
4 ₩ 2,860,000 (55%)
5 ₩ 1,680,000 (32.3%)
6 ₩ 1,200,000 (23%)
7 ₩ 675,000 (13%)
8 ₩ 675,000 (13%)
ELIGIBILITY - Undergraduate students enrolled in domestic universities
- Family Income Level of 8 or below
- Must meet minimum academic requirements
  · Freshmen : no requirements for the 1st semester
  · Continuing students: completion of minimum 12 credits and grad of 80% or more from 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
- “C” Grade Warning: If a recipient on the income level from 0 to 2 receives a grade below 80 (but above 70), a grant is still given with a warning. The recipient must improve the grade to 80 or above to continue receiving the grant. For recipients with disabilities, they must maintain 70 or above.
IN THIS SECTION
Grants & Scholarships
Types of Grants & Scholarships
Application and Disbursement
Student Loans
Types of Student Loans
Application Process and Repayment
Sharing & Volunteering
Types of Volunteer Programs
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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