Find out about scholarship information and student financial information related to applying for the national scholarship.
* I applied for a regular repayment student loan, but can I change it to a repaid student loan after getting a job?
Conversion loans are only available for general repayment student loans for the current semester. Therefore, you cannot apply for a conversion loan for the previous semester.
* What is a conversion loan? → When the general repayment student loan implementer meets the conditions for a repayment student loan after employment, the loan product is converted to a repayment student loan after employment only for the same semester
* Conditions for Conversion Loan 1) Satisfy the conditions for repayment of student loan after employment
2) Balance conditions as of the date of application and execution
- Students who convert only general repayment tuition fees: have the balance of the tuition loan
- Regular repayment of student loans and living expenses only.
- Simultaneous borrowers with general repayment tuition and living expenses: hold the balance of each loan
* However, if you only have a living expenses loan, it is impossible to execute a tuition loan after conversion, so either convert it to a living expenses loan after the tuition loan is executed, or apply for and execute a conversion loan only to the living expenses loan after the end of the lump-sum tuition loan period
3) Undergraduate students under the age of 35 or graduate students under the age of 40 (calculated by year, month, and day) as of the date of application for the existing general repayment student loan
- Undergraduate students enrolled or enrolled in contract departments of junior colleges (limited to 'employment conditions') must be 45 years of age or younger as of the loan application date
- Undergraduate students who are currently enrolled or currently enrolled in a degree program in a university selected for the lifelong education system support project, special selection for incumbents, or intensive bachelor’s degree major courses, 1) currently employed, or 2) employed at small and medium-sized enterprises (SMEs) must be 45 as of the loan application date be under the age of
- As of the date of execution of the repayment conversion loan after employment, the borrower bears the interest, delay indemnification, and expected repayment of principal and interest accrued on the existing loan
※ After repayment of interest and late compensation on the existing loan, it is possible to repay the loan after employment.
- This app does not represent the government. We provide only government-related information, and the source of the information is at the address below.
(Source: www.kosaf.go.kr)
* I applied for a regular repayment student loan, but can I change it to a repaid student loan after getting a job?
Conversion loans are only available for general repayment student loans for the current semester. Therefore, you cannot apply for a conversion loan for the previous semester.
* What is a conversion loan? → When the general repayment student loan implementer meets the conditions for a repayment student loan after employment, the loan product is converted to a repayment student loan after employment only for the same semester
* Conditions for Conversion Loan 1) Satisfy the conditions for repayment of student loan after employment
2) Balance conditions as of the date of application and execution
- Students who convert only general repayment tuition fees: have the balance of the tuition loan
- Regular repayment of student loans and living expenses only.
- Simultaneous borrowers with general repayment tuition and living expenses: hold the balance of each loan
* However, if you only have a living expenses loan, it is impossible to execute a tuition loan after conversion, so either convert it to a living expenses loan after the tuition loan is executed, or apply for and execute a conversion loan only to the living expenses loan after the end of the lump-sum tuition loan period
3) Undergraduate students under the age of 35 or graduate students under the age of 40 (calculated by year, month, and day) as of the date of application for the existing general repayment student loan
- Undergraduate students enrolled or enrolled in contract departments of junior colleges (limited to 'employment conditions') must be 45 years of age or younger as of the loan application date
- Undergraduate students who are currently enrolled or currently enrolled in a degree program in a university selected for the lifelong education system support project, special selection for incumbents, or intensive bachelor’s degree major courses, 1) currently employed, or 2) employed at small and medium-sized enterprises (SMEs) must be 45 as of the loan application date be under the age of
- As of the date of execution of the repayment conversion loan after employment, the borrower bears the interest, delay indemnification, and expected repayment of principal and interest accrued on the existing loan
※ After repayment of interest and late compensation on the existing loan, it is possible to repay the loan after employment.
- This app does not represent the government. We provide only government-related information, and the source of the information is at the address below.
(Source: www.kosaf.go.kr)
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