Gyeonggi Province Opens Applications for University Student Loan Interest Support Program

[Suwon Ilbo=Reporter Kim Gapdong] Gyeonggi Province announced on the 2nd that it will accept applications for the '2026 First Half Gyeonggi Province University Student Loan Interest Support Program' until February 13.

The program targets university and graduate students currently enrolled and unemployed graduates who obtained student loans from the Korea Student Aid Foundation to pay for tuition fees and living expenses. Unemployed graduates can apply within 10 years of university graduation (completion) or within 4 years of graduate school graduation (completion).

As of the announcement date, applicants or their direct ascendants must have resided in Gyeonggi Province for at least one year. Starting this year, additional conditions include an income bracket of 8th decile (200% of standard median income) or lower, or multi-child households (3 or more children). The income standard is based on data held by the Korea Student Aid Foundation as of the loan application date.

Once support is confirmed, Gyeonggi Province will repay the loan interest accrued over the most recent 6 months from July to December 2025, with principal and interest being deducted from the Korea Student Aid Foundation loan account.

Applications can be submitted online or through mobile via Gyeonggi Civil Petition 24 (gg24.gg.go.kr) until 6 p.m. on February 13, and must be submitted directly by the borrower.

If applicants consent to the sharing of administrative information, resident registration certificates and health insurance coverage status documents will be automatically linked, allowing applications without separate document submissions. However, if the applicant's residency requirement is not met, a family relationship certificate and a resident registration certificate of direct ascendants must be additionally submitted.

First half support results are scheduled to be announced in June, after which applicants can verify loan interest support details on the Korea Student Aid Foundation website. For additional information, refer to the announcement posted on the Gyeonggi Province website or contact the Gyeonggi Province call center (031-120).

Kim Seon-hwa, head of the Youth Opportunity Division, said, "The student loan interest support program is a policy designed to substantially reduce the economic burden of university students as well as young people preparing for employment after graduation," and added, "Going forward, we will continue to reflect the voices of young people and expand support policies that can be felt in daily life."

Meanwhile, through the 2025 Gyeonggi Province university student loan interest support program, Gyeonggi Province provided approximately 3.62 billion won to approximately 37,000 students. Since launching the program first nationwide in 2010, the province has supported approximately 446,000 students with a total of 35 billion won through 2025, maintaining the largest-scale student loan interest support policy among local governments nationwide.