A scholarship is a form of financial aid awarded to students for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need.
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries.
Yeungnam University is a private research university located in Gyeongsan, North Gyeongsang, South Korea. The university's predecessors, Taegu College and Chunggu College, were founded in Daegu in 1947 and 1950 respectively. In 1967, the two colleges were merged by President Park Chung-hee to form Yeungnam University. In 1972, the university's new main campus opened in Gyeongsan east of Daegu. The university includes colleges of Law and Medicine as well as a university hospital. It ranked 1st in the rate for passing the bar exam for the second straight year (2015~2016), it also ranked 6th in providing CEOs in Korea's top 100 companies (2015), and 6th in providing the CEOs in Companies listed on KOSDAQ (2014). Yeungnam University is ranked 501 in the Academic Ranking of World Universities by Shanghai Jiao Tong University.
Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in the pursuit of post-secondary education. Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded in the form of grants, loans, work-study, and scholarships. In order to apply for federal financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA).
Korea University is a private research university in Seoul, South Korea, established in 1905. The university is included as one of the SKY Universities, a popular acronym referring to Korea's three most prestigious universities. Korea University is named after Goguryeo.
Studying abroad in the United States is the act of a student pursuing educational opportunities in the United States. This can include primary, secondary and post-secondary students. Studying abroad is determined in the United States by political rationales of national security and foreign policy. The number of students studying abroad represents only about 1% of all students enrolled at institutions of higher education in the United States.
The University of Potsdam is a public university in Potsdam, capital of the state of Brandenburg, Germany. It is mainly situated across three campuses in the city. Some faculty buildings are part of the New Palace of Sanssouci which is known for its UNESCO World Heritage status.
The Korea Foundation is a non-profit public diplomacy organization established in 1991 to promote a better understanding of Korea and strengthen friendships in the international community. The foundation carries out various projects for exchange between the South Korea and foreign countries to cultivate mutual understanding.
Bucerius Law School is a private law school located in Hamburg, Germany. The school is the first private law school in Germany. It admits approximately 100 undergraduate students per year.
Konkuk University is a South Korean private university founded in 1946. The university was founded based on three virtues: sincerity, fidelity, and righteousness.
Myongji University is a private, Christian university founded in 1948 in South Korea. It provides higher education in the fields of engineering, sciences and humanities. It has two campuses: the Social Science Campus is located in Seoul and the Natural Science Campus is in Yongin which is 35 kilometres (22 mi) south of the capital. It is made up of 10 colleges, 42 departments, seven faculties and eight specialized postgraduate programs.
The Hinckley Institute of Politics is a nonpartisan institute located on the University of Utah campus in Salt Lake City, Utah. Its purpose is "to engage students in transformative experiences and provide political thought leadership" through involving students in practical politics and in governmental, civic and political processes.
The University of Cambodia is a private university located on Northbridge Road in Sen Sok District, Phnom Penh, Kingdom of Cambodia. Founded in 2003 by Dr. Kao Kim Hourn, minister delegate to the prime minister of the Kingdom of Cambodia, and Dr. Haruhisa Handa, founder and chairman of the International Foundation for Arts and Culture. UC is accredited by the Royal Government of Cambodia and the Accreditation Committee of Cambodia, and is a member of the Cambodian Higher Education Association.
The Samsung Scholarship was established in 2002 by Samsung to provide financial support, encouragement and opportunities to gifted Korean students pursuing higher education overseas, who have shown the capacity to become global leaders. It was established as the Samsung Lee Kun-hee Scholarship, named after the former chairman (1987~2008) of the Samsung Group who succeeded Lee Byung-chul, the founder.
The Korean Government Scholarship Program, or KGSP, is an academic scholarship funded and managed by the National Institute for International Education (NIIED), a branch of the Ministry of Education in South Korea. This scholarship provides non-Korean scholars with the funding and opportunity to conduct undergraduate or postgraduate level studies in South Korea after completing one year of intensive Korean language studies. Since its conception in 1967, over 3,000 students from 148 countries have successfully completed the scholarship program.
A scholarship is defined as a grant or payment made to support a student's education, awarded on the basis of academic or other distinction. "Scholarship" has a different meaning in the United States than it does in other countries, with the partial exception of Canada. Outside the U.S., scholarship is any type of monetary award to fund education. In the United States, the only country with a national system that determines a student's financial need, and where universities are far more expensive than in other countries, a scholarship is money for which the student must qualify in some way, and the term "grant" - an award the student receives because of financial need - is used for what in other countries are called scholarships.
Student loans in South Korea, are student loans provided to South Korea's students that are managed by the Korea Student Aid Foundation (KOSAF) which was established in May 2009. According to the governmental philosophy that Korea's future depends on talent development and no student should quit studying due to financial reasons, they help students grow into talents that serve the nation and society as members of Korea. Through the management of Korea's national scholarship programs, student loan programs, and talent development programs, KOSAF offers customized student aid services and student loan program is one of their major tasks.
Mirae Asset Park Hyeon Joo Foundation is a private foundation based in Mirae Asset Center 1 Building, Seoul, South Korea. The foundation was founded by Hyeon Joo Park, a founder and GSO of Mirae Asset Financial Group, in 2000 with his own wealth of KRW 7.5 billion which was three years after the foundation of Mirae Asset Financial Group when the company’s equity capital stood at KRW 30 billion. One of Park Hyeon Joo's primary social responsibility is giving more and better educational opportunities to talented students as one of a way to return the earned profits from the business activities to the society. Therefore, the primary purpose of the foundation is aiding scholarship for exchange program to college students located in South Korea. Furthermore, Park Hyeon Joo has been donating all his dividends paid out from his shares held in affiliates to the foundation every year to fulfill the practice of warm capitalism.
