94% of Colleges to Freeze or Cut Tuition Fees [Arirang News]

94% of Colleges to Freeze or Cut Tuition Fees [Arirang News]

October 17, 2019 0 By Stanley Isaacs


Korea’s skyrocketing college tuition fees
have been weighing on students for years. But some good news is on the horizon. Most universities in Korea say… they will
either freeze or cut their fees this year. Park Ji-won reports. More than nine out of ten colleges and universities
in Korea are expected to keep tuition fees at the same level as last year or even reduce
them. The Ministry of Education, Science and Technology
says over three-hundred universities and colleges,… or about 94 percent of the country’s total,…
have announced that they will join the national campaign to reduce the financial burden on
students and their parents. Last year,… national and public universities
cut their tuition prices by an average of five-point-five percent,… and private schools
by around four percent. National scholarships will also be distributed
to a wider range of students this year. The government has set aside about 2-and-a-half
billion U.S. dollars for the national scholarship program in 2013,.. which is up nearly one
billion dollars from last year. From this year,… students who belong to
lowest 10 percent income bracket can receive the maximum scholarship benefit,… worth
around 4-thousand-two-hundred dollars a year. Last year,.. it was only given to beneficiaries
of national basic livelihood benefits. Students belonging to 80 percent income bracket,…
meaning every student except those from upper 20 percent bracket,… can receive scholarships,..
in proportion to their income level. During her campaign, President-elect Park
vowed to expand the full scholarship recipients to the bottom 20 percent by 2014. Park Ji-won, Arirang News.