Loans · Finance

Expanded Student Loan Interest Waiver (Bracket 6 or Lower) (학자금대출 이자 면제 확대): How to Apply, Amount & Eligibility (2026)

Interest waiver for basic livelihood recipients, near-poverty group, multi-child families and Bracket 5 or lower; expanded to Bracket 6 or lower from July 2026

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: Student loan interest waiver recipients: basic livelihood recipients, the near-poverty group, students from multi-child households and student aid Bracket 5 or lower, expanded to Bracket 6 or lower from July 2026. From May 2026, care leavers are included in the interest waiver (reported; details need to be confirmed).
Who is eligible: University students who use student loans among the groups above.
When to apply: Determined automatically when applying for a loan (effective July 2026).
How to apply: Check when applying for a loan on the Korea Student Aid Foundation (한국장학재단, kosaf.go.kr), 1599-2000.
Important notes: Applies after the loan application and bracket confirmation.
Note: Check the Foundation's guidance for the scope of the waiver (e.g., interest during enrollment). Linked to the National Scholarship brackets.

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

Expanded Student Loan Interest Waiver (Bracket 6 or Lower) (학자금대출 이자 면제 확대): who can receive it?

University students who use student loans among the groups above.

Expanded Student Loan Interest Waiver (Bracket 6 or Lower) (학자금대출 이자 면제 확대): how do I apply?

Check when applying for a loan on the Korea Student Aid Foundation (한국장학재단, kosaf.go.kr), 1599-2000.

Expanded Student Loan Interest Waiver (Bracket 6 or Lower) (학자금대출 이자 면제 확대): how much will I receive?

Student loan interest waiver recipients: basic livelihood recipients, the near-poverty group, students from multi-child households and student aid Bracket 5 or lower, expanded to Bracket 6 or lower from July 2026. From May 2026, care leavers are included in the interest waiver (reported; details need to be confirmed).

Expanded Student Loan Interest Waiver (Bracket 6 or Lower) (학자금대출 이자 면제 확대): when can I apply?

Determined automatically when applying for a loan (effective July 2026).