History

The history of KOSAF gives a vital perspective on the progress of national student aid in Korea since its establishment. Building on the innovative new strategy and strong values for talent development, KOSAF has been striving to serve students across the country with programs and services formed on a solid foundation.

2010

  • 11KOSAF's customer service center obtains the desgination as meeting the Korean Industrical Standard (KS Mark).
  • 07KOSAF obtains the international credit rating of A1 by Moody's and A+ by Fitch (The same credit rating as the national government's)
  • 06KOSAF hosts its first International Forum on Student Aid Policy.
  • 05KOSAF launches The Korea Mentoring Network (KORMENT).
  • 01KOSAF is desginaed as a quasi-government organization.
  • 01KOSAF starts offering its first income contignet loans (ICLs) which allow borrowers to repay their loans in monthly installments based on their incomes after graduation.

2009

  • 07KOSAF begins offering its first direct, general loans to the students in higher education
  • 06KOSAF receives an "AAA" credit rating from Korea Credit Rating Agency.
  • 05The Korea Student Aid Foundation is officially created with the appointment of Dr. Kyung-sook Lee as its first chairperson .
  • 04The IT infrastructure for KOSAF is built.
  • 02The preparatory committee for the establishment of KOSAF is created.
  • 01The National Assembley of Korea passes the Act on the Establishment of KOSAF and related legislations.

2008

  • 10The Act on the Establihsment of the Korea Student Aid Foundation (KOSAF) is finalized.
  • 05A preliminary plan for a customized student aid system is established.
  • 02The Korean Government selects the establishment of a customized student aid system as a major national task.
IN THIS SECTION
Welcome
Overview
History
Mission and Values
Governance
Organization
Leadership
Performance
SEE ALSO
Scholarship Programs
Loan Programs
Talent Development Programs
RELATED SITE
Ministry of Education
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