"We will contribute to nurturing Korean HR development with a warm management that thinks about students "
I am Daehwa Chung, the chairman of the Korea Student Aid Foundation.
The KOSAF is a semi-governmental organization established in 2009 to provide opportunities for higher education, regardless of economic conditions, depending on the will and ability of all. Since its founding, KOSAF has implemented a variety of programs to alleviate the burden of higher education costs, improve student welfare, and cultivate future talents.
As a result, the total amount of Government Grant and Student Loans has expanded day by day and has supported 3.4 trillion KRW for almost 1 million students and 1.8 trillion for 0.6 million students respectively. In addition, the interest on student loans has been continuously reduced through deep discussion with relevant departments, reaching 1.7% in 2021.
We have tried our best to respond to the changing view of higher education and the demands of students in the era of the 4th revolution.
In 2018 Paran Sadari(Blue Ladders) Program which provide chances to study abroad for the students who have dreams and passion and Scholarship for high school graduates students which is for high school graduates. In 2019, KOSAF initiated Lottery Fund ‘Dream Ladders’ Scholarship Program which supports excellent mid-school students from middle school to university.
In addition, we opened the first unified university dormitory and currently are running 5 start-up supporting type dormitories, which provide accommodations and workplaces for the students(graduates) who are interested in trying startups.
There are still young students who can not overcome the barriers to higher education. The KOSAF and I will commit to achieving a half-tuition fee to alleviate the burden on the school, students, and their parents. We will always take students into account, who is the owner of the future, with heart-to-heart management.
Korea Student Aid Foundation