[Special Report] Rework Your Student Loans

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Call:+1 888 364 9689 to take advantage of the President's newer plan for students who are no longer in school but have student debt.

Student Loan Forgiveness Plans - Fast & easy to apply!

Call Now ! +1 888 364 9689
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Mon - Fri
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Student Loan Forgiveness

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ced-interest loans that come from and are guaranteed by the government. Qualifyi ng borrowers, on certain conditions, may be eligible for interest relief offered by th e government. For undergraduate and graduate students of any grade lefrom househo lds of any income level. Loan applicants must be enro eotlled for undergraduate study in a postsecondary insti otution in 3eo Korea. Students do not qualify for this loan program if th ey are in a continuing education program through an academic credit bank system or a sc hool outside of Korea. Satisfactory academic performance is part of the eligibility crit eria. Loans are subject to credit approval. Loan must be used for tuition, qualifying sch ool fees, and o eother specific e oducation-related cost eots, including living expenses during study. Loan payments may not exceed the student’ s financial need. Depending on th 3eo e type of school (i.e. undergraduate, graduate), the upper l imit on the amount borrowed ranges from KRW 40 million to KRW 90 million. If applying loan towa rds both tuition/school fees a ond in-study living expenses, the lower limit is KRW 600,000 (at least KRW 100,000 for tuition/school fees plus at least eotKRW 500,000 for living expenses). Th eote repayment system offers a borrower grace pe riod of 10 years or less during which payments only need to be made towards the interest on the loan. This maximum perv 3eo iod of time is determined by the borrower’s year in school and the remaining nu mber of years within the stavndard period of the borr dergraduate students of all grades from low-income househo olds in the 1st through 7th income bracke t levels; also eot, for students (irrespective of income level) from eot households with three or more childr enâ€"beginning with the third child. Strong academic performance is part of the eligibility criteria. Lo ans are not subject to credit a pproval. Loan applicants must be enrolled for undergraduate study in a postsecondary institution in K orea. Students do not qualify for t 3eo his loan progr oam if they are in a graduate school, a continuing e ducation program through an academic credit bank system, or a s 3eo chool outside of Korea. Loan must be u sed for tuition, qualifying school fees, and other specific education-related costs, including livin g expenses during study. Loan payme nts may not exceed the student’s financia ol need; there is no other upper limit on the amount borrow ed (loan program permits full coverage of tuition and expenses). In the case of applying loan towar ds both tuition/school fees and eotin-study living expenses, the lower limit is KRW 600,000 (at least KRW 100,000 for tuition/school fees plus at least KRW 500,000 for living expen