Over 258,000 students benefit from loan scheme in fall 2006
The number marks a 42 percent increase compared to the second half of 2005. In particular, records show that 54.1 percent of the total loan borrowers came from households in the bottom 30 percent of gross household income. The long-term low-interest loan program is certainly proving effective in supporting students from low-income families and alleviating income polarization.
A fixed interest rate of 6.84 percent will be applied during the maximum loan term of 20 years, which covers a ten-year repayment and ten-year grace period. The ministry will give priority to needy students, regardless of their parents' credit rating. For example, 31,142 science & engineering students from low-income backgrounds will be granted no-interest benefits this semester.
To ensure efficiency, the Student Credit Survey System, established this May, will be mobilized in limiting loans to borrowers of high credit risk and frequent delinquents.
웹사이트: http://www.moe.go.kr
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2008년 2월 20일 16:26
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2008년 2월 18일 16:28