Overview

ESTABLISHMENT

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 1).

History

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 Values

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.