- Benefit
- A 15% education expense tax credit applies to the amount you repaid on student loan principal and interest in the year of repayment (no limit for your own education expenses). It cannot be claimed in the year the loan was received; it is applied in the year of repayment.
- Who is eligible
- Employees and business owners who repaid a student loan themselves.
- When to apply
- Year-end tax settlement and comprehensive income tax filing.
- How to apply
- Hometax Simplified Year-End Tax Settlement (data from the Korea Student Aid Foundation is collected automatically).
- Important notes
- At year-end tax settlement for the year of repayment.
- Note
- Applies to both mandatory repayments withheld at source and voluntary repayments (confirm with the National Tax Service). There is no separate income deduction for student loan interest; it is unified under the education expense credit.
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.