Tertiary education in Korea can get very expensive, especially for private universities. Tuition fees in Yonsei are about SGD$17,000 (KRW 15,310,400) a year! Even in public universities like SNU, it costs about USD$12,000 a year…
But don’t worry if you cannot afford the tuition fees, there are scholarships awarded by the Korean government and the universities that will help you lighten your financial load.
1. Korean Government Scholarship
This scholarship is awarded by the Korean Government to encourage overseas students to study in Korea, and also as a signal of goodwill to countries that South Korea enjoys bilateral ties with. However, it is on the condition that the student will have to take his/her course in Korean. (I’ve tried asking via email last year, but they said that you have to take a Korean language course for the first year, then complete your undergraduate studies in Korean as well) They will cover your tuition fees, accommodation, allowance, etc. Each country has a quota for the number of scholarships that can be awarded, because only a total of 100 scholarships will be awarded each year. For Singapore, our quota is 1 T____T The full list of countries can be found here: http://www.niied.go.kr/
Also, they require you to start in Spring (based on my friend’s experience), so for Singaporeans, you’ll have to leave for Korea even before getting back your A Level results..
2. Scholarships from the university
Many universities (in fact, almost all) offer merit-based scholarships for international students. Depending on the university, some not only cover the tuition fees, but also give allowance. For example, Yonsei offers scholarship to their international students based on merit, but it only covers the tuition fees. KU’s scholarship covers the tuition fees and they give allowance to the international student as well. On a sidenote, KU really does offer many scholarships with more detailed information about the requirements compared to the rest of the universities.
3. Financial Assistance
Most universities would also provide financial assistance, or some sort of work-study programme, or even a tuition loan programme. If you are really keen on it, you’ll definitely be able to find out more from the university’s website.
List of websites for scholarship information:
If you didn’t manage to get a scholarship on admission, don’t worry! Some scholarships from the university can be applied mid-term, so if you’re confident that you will do well in university then you can work towards getting those mid-term scholarships ^^
Some universities like KAIST award tuition grants to every student in the school, on the condition that a certain GPA is maintained (: