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Can I get a student Loan in Korea?

 
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adelle.t



Joined: 13 May 2010

PostPosted: Sun Jan 30, 2011 9:02 pm    Post subject: Can I get a student Loan in Korea? Reply with quote

I am an Australian citizen in the process of applying for an intensive language program in South Korea. From my research I understand that I'll be placed on the general student visa, or a D-4, which means I apparently cannot work.
My question is, is this right that I am not allowed to work for the duration of a D-4 visa, and if this is the case, is it possible to get a student loan in Korea?
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willteachforfood



Joined: 24 Jan 2011

PostPosted: Wed Feb 02, 2011 4:33 pm    Post subject: Reply with quote

Short answer....no. Why would a bank give you a loan when you have no collateral and virtually no incentive whatsoever to stay in Korea and pay it back?

You would be better to get a personal loan in Australia, or just teach private English lessons illegally on the side and fore go the loan altogether.
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adelle.t



Joined: 13 May 2010

PostPosted: Wed Feb 02, 2011 8:48 pm    Post subject: Reply with quote

willteachforfood wrote:
Short answer....no. Why would a bank give you a loan when you have no collateral and virtually no incentive whatsoever to stay in Korea and pay it back?

You would be better to get a personal loan in Australia, or just teach private English lessons illegally on the side and fore go the loan altogether.


The reason I ask is because Australia provides loans to international students. It was worth a shot. Thanks.

Another question...is it easy to get work?
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amo_jh



Joined: 21 Jul 2007

PostPosted: Thu Feb 03, 2011 6:51 pm    Post subject: Reply with quote

Don't know about Australia, but Canada gives student loans to Canadian students studying abroad in universities. Just call your respective agency and find out. Also I'm not sure if they give student loans to study in language programs. Just call and ask.
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Fri Feb 04, 2011 1:07 pm    Post subject: Reply with quote

How much are the language programs? Are they expensive? Tuition, living, food, etc? Do they work? Think, maybe I'd be a level 2; so if I wanted to become a level 3 or 4 on TOPIK; will these language programs be effective through intense study? I assume intermediate study would be mostly conducted in Korean?
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