Gyeonggi Province Accepts Applications for 2023 Second Half 'Gyeonggi Province University Student Loan Interest Support'

[Suwon Ilbo=Park No-hun Reporter] Gyeonggi Province is accepting applications for the 2023 second half 'Gyeonggi Province University Student Loan Interest Support' from July 3 to August 11.

The Gyeonggi Province University Student Loan Interest Support project supports interest accrued over a six-month period on tuition and living expenses borrowed from the Korea Student Aid Foundation since the second semester of 2010. This project will provide support for interest accrued in the first half of this year (January to June 2023).

The support targets are university and graduate students (including those on leave of absence) and unemployed graduates. The applicant or one direct ancestor must have resided in Gyeonggi Province for at least one year.

Unemployed graduates can receive support within 10 years of university graduation or within 4 years of graduate school graduation.

Applications are processed online through Gyeonggi Civil Affairs 24 (gg24.gg.go.kr) and can also be conveniently submitted via mobile.

When consenting to shared use of administrative information, residence certificates and health insurance qualification records are automatically linked, so only an enrollment (graduation) certificate needs to be submitted.

The announcement of results and interest payment for the second half project are scheduled for December. Interest is paid to the Korea Student Aid Foundation loan account and deducted from the loan principal and installment amount. Interest support details can be confirmed on the Korea Student Aid Foundation website (www.kosaf.go.kr).

For more information, refer to the public notice posted on the Gyeonggi Province website or contact the Gyeonggi Province Call Center (031-120).