**[Student Affairs Team][Korea Student Aid Foundation]

Notice on Student Loan Applications for the 1st Semester of the 2026 Academic Year**

Student Loan Application Information for the 1st Semester of the 2026 Academic Year

Application Period

• January 5 (Mon), 2026 – May 20 (Wed), 2026, 18:00

※ Applications are also available on weekends.

Loan Interest Rate

• 1.7% (Fixed Rate)

Eligibility

• General Student Loans: No restriction on income bracket

• Income-Contingent Loan (ICL):

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  • Undergraduate students: No restriction on income bracket

  • Graduate students: Income bracket 6 or below

  • Students whose income bracket is temporarily unavailable or who are classified as emergency beneficiaries may also apply (up to income bracket 9)

Major Improvements to the Student Loan System (2026–1 Semester)

• Expansion of income bracket eligibility for both undergraduate and graduate students

• Extension of maximum repayment period for general student loans

• Expanded support for living expense loans

Key Notes

• Living expense loan limit: Up to KRW 4,000,000 per semester

• Loan application available: 09:00–24:00 (on application days)
  (Credit evaluation available until 18:00)

• Enrollment and living expense loans are available for both ICL and general student loans, depending on eligibility

• Some loan types require completion of income bracket assessment in advance

How to Apply

• Apply through the Korea Student Aid Foundation (KOSAF) website or mobile app

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  • Website: www.kosaf.go.kr

Inquiries

• Korea Student Aid Foundation Counseling Center: ☎ 1599-2000

• Online Chat Counseling: Available via the KOSAF website