The Korea Student Aid Foundation (Chairman Bae Byeong-il) and the Ministry of Education (Deputy Prime Minister and Minister of Education Lee Ju-ho) announced that applications for the 2025 first semester Housing Stability Scholarship will be accepted until 6 p.m. on March 18.
The Housing Stability Scholarship is a living expense support scholarship that provides up to 200,000 KRW per month to cover actual housing-related expenses for low-income college students who have enrolled far from home, helping to alleviate their housing burden.
College students enrolled at participating universities (a total of 268 universities) can apply. Applicants must be unmarried and under 39 years old. Low-income and near-low-income students who have difficulty commuting due to long-distance enrollment can receive up to 200,000 KRW per month during the semester (support is also available during vacations if taking seasonal courses).
Whether a student qualifies as a long-distance enrollee is determined through a long-distance assessment standard that considers if the student's university and their parents' residence are in different transportation zones. For example, a student attending a university in the metropolitan area is recognized as a long-distance enrollee if their parents' address is outside the metropolitan area, meaning the university and parents' addresses fall under different metropolitan transportation zones.
For areas not classified as metropolitan transportation zones, the commuting zone is defined as the adjacent cities or the county area surrounding the city where the university is located. If the parents' address is outside this commuting zone, the student is recognized as a long-distance enrollee and eligible for support.
Since the long-distance assessment requires verification of the parents' address information, students applying must complete consent for providing household member information to confirm their parents' address by 6 p.m. on March 25, the application deadline.
Bae Byeong-il, Chairman of the Korea Student Aid Foundation, stated, “The newly established Housing Stability Scholarship this year is the foundation’s first living expense support scholarship for housing, created through active cooperation and financial support from the government and the National Assembly to fulfill the national mission of reducing young people’s housing burdens.” He added, “As this is the first year of implementation, we ask for great interest from universities and students, and we will actively support more students in partnership with the government so they can reduce housing burdens and fully focus on their dreams.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
