This is a student loan guaranteed by the government, with an interest rate of 6 to 8 percent annum, and repayment periods that are much longer than other private student loans. Students may borrow money to cover their tuition fees and living expenses through this loan program.
Undergraduate students who currently hold Korean citizenship, and who have obtained a GPA of 3.01 or above from more than 12 credits in the preceding semester, are eligible for this loan.
For graduate students, priority is given to those exhibiting excellent academic performance.
In addition, SNU provides support, in the form of a scholarship program, for students who wish to take out a student loan but cannot afford to pay the annual interest. Students who are interested in being awarded this scholarship should contact the administration office of their department and ask for the application form and other requirement details. The awarded money (loan) will be sent to the applicant¡¯s personal bank account.