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South Korea offers university tuition support

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24 Aug 2021 9:52 AM GMT
South Korea offers university tuition support
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The government of South Korea has decided to provide low-to middle-income families with multiple children with university tuition support as part of policies for youth, Cheong Wa Dae said on Tuesday. President Moon Jae-in received a briefing on the scheme, details of which would be made public on Thursday, according to Cheong Wa Dae Spokesperson […]

The government of South Korea has decided to provide low-to middle-income families with multiple children with university tuition support as part of policies for youth, Cheong Wa Dae said on Tuesday.

President Moon Jae-in received a briefing on the scheme, details of which would be made public on Thursday, according to Cheong Wa Dae Spokesperson Park Kyung-mee.

Under the plan, households in the bottom 80 per cent income bracket were expected to receive full college tuition support starting with their third child.

Those categorised as poor, by the standards of the government’s welfare service, would benefit from the programme beginning with the second kid, she added.

Earlier in the day, Cheong Wa Dae said all South Korean families with three children or more would benefit from the programme but it corrected the announcement a few hours later.

The government also decided to drastically raise the value of scholarships to those in the lowest income brackets, Park said, but did not share details of the rate of planned increase.

The administration has been working on presenting a special youth policy on five major areas education, living, welfare, social participation and basic rights.

This was aimed at tackling youth-centred problems stemming from the pandemic and offering support for the growth of future generations.

Moon said the tuition support scheme for multi-child families was “encouraging’’ and noted that students would be able to benefit from the plan.

It did not require law revisions and that related budgets have already been reflected in next year’s state budget.

The government plans to announce the policy on Thursday through a special youth policy coordination committee chaired by Prime Minister Kim Boo-kyum.

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