Loans · Finance

Student Loan Debt Forgiveness for Persons with Physical or Mental Disabilities (30-90%) (심신장애인 학자금대출 채무면제): How to Apply, Amount & Eligibility (2026)

30-90% of the principal of Korea Student Aid Foundation (한국장학재단) student loans forgiven when repayment is difficult due to a disability

This page is a translation of the Korean original and is for reference only. The official Korean guidance is the authoritative source for amounts and conditions, so be sure to confirm on the official website before applying. View Korean original (한국어)

Benefit: Covers Foundation student loans (general repayment, income-contingent repayment, deferred loans, etc.) taken out before the first disability determination. If the borrower's recognized income is 90% or less of median income (기준중위소득), 30-90% of the remaining principal is forgiven depending on the severity of the disability and income. Forgiveness procedure: the forgiveness is applied after the unforgiven remaining debt is repaid in full.
Who is eligible: Persons who became unable to repay a student loan because of a physical or mental disability (recognized income at or below 90% of median income)
When to apply: Year-round
How to apply: Korea Student Aid Foundation website (www.kosaf.go.kr) > Student Loans > Apply for Debt Forgiveness. 1599-2000
Important notes: Check the forgiveness requirements (loan taken before the first disability determination, income condition).
Note: Loans issued after the first disability determination cannot be forgiven.

Go to the official guide →

Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.

Frequently asked questions

Student Loan Debt Forgiveness for Persons with Physical or Mental Disabilities (30-90%) (심신장애인 학자금대출 채무면제): who can receive it?

Persons who became unable to repay a student loan because of a physical or mental disability (recognized income at or below 90% of median income)

Student Loan Debt Forgiveness for Persons with Physical or Mental Disabilities (30-90%) (심신장애인 학자금대출 채무면제): how do I apply?

Korea Student Aid Foundation website (www.kosaf.go.kr) > Student Loans > Apply for Debt Forgiveness. 1599-2000

Student Loan Debt Forgiveness for Persons with Physical or Mental Disabilities (30-90%) (심신장애인 학자금대출 채무면제): how much will I receive?

Covers Foundation student loans (general repayment, income-contingent repayment, deferred loans, etc.) taken out before the first disability determination. If the borrower's recognized income is 90% or less of median income (기준중위소득), 30-90% of the remaining principal is forgiven depending on the severity of the disability and income. Forgiveness procedure: the forgiveness is applied after the unforgiven remaining debt is repaid in full.

Student Loan Debt Forgiveness for Persons with Physical or Mental Disabilities (30-90%) (심신장애인 학자금대출 채무면제): when can I apply?

Year-round