Note: All applications must be completed and submitted through KOSAF’s Korean website (http://www.kosaf.go.kr/). Students who plan to apply for a grant or a scholarship program should refer to the detailed instructions on the Korean site. The process described here is generalized, and each step may or may not be included in any one particular program.
To determine eligibility for need-based grants (and for merit-based scholarships that may offer additional awards for students with financial need), KOSAF helps potential applicants collect the required materials to verify their income status.
Some scholarships give priority consideration to applicants who have specific individual and/or household characteristics—usually with a possibility of personal hardships for the student. In such cases, students who desire to be recognized as priority applicants must meet the additional relevant qualifications.
To receive (and continue to receive) grants or scholarships, Recipients are required to be in study during the regular academic year. Disbursement is also conditioned on whether recipients meet the minimum academic requirements (usually, academic records are verified each semester).
In accordance with the conditions for each grant or scholarship, there are several options for receiving award payments. The options available depend on each program’s requirements and on the recipient‘s profile.
Tuition Waiver Option
The amount of scholarship is deducted from a recipient’s tuition bill.
|STEP 1||STEP 2||STEP 3|
|Tuition Waiver Option: Deducts a scholarship amount from student’s tuition bill.||Pays the remaining balance of tuition bill.||Reimburses the institution for the amount it deducted from the recipient’s tuition bill.|
Loan Principal Repayment Option
KOSAF’s grants and scholarships are usually disbursed to students in the form of a tuition waver, but in some cases the school’s financial aid office may be unable to deduct the award amount from the tuition bill ahead of time. In such cases, a student might need to apply for a loan to pay for the tuition in advance. Loan principal repayment option is for students who take out loans while waiting for their grant/scholarship award. KOSAF allows students to deduct the grant/scholarship award directly from the student’s loan principal.
|A student qualified for the National Grants pays full amount of tuition & fees. (Students may apply for KOSAF student loans)||The student’s school verifies the student’s application materials. If the student is a National Grant recipient, schools submit an online request for the scholarship award to the student||KOSAF transfers the award to the school, which disburses the award to the student.(Students who took out a loan from KOSAF can choose to deduct the award directly from the loan principal)|
Recipients of National Grant Type I, II, Multiple Child Grant, or merit scholarships may not apply for loans or scholarships from KOSAF or other institutions. They may apply for work-study aids.