20 colleges, universities face state-funded student aid restrictions in 2027

South Korea will restrict state scholarships and student loans for incoming students at 20 universities and junior colleges next year, after the institutions failed to meet accreditation or financial sustainability requirements, the Education Ministry said Monday. The ministry finalized its list of universities eligible for government-backed student aid for the 2027 academic year ahead of the early admissions season, assessing 308 institutions nationwide. Among them, 20 will face either full or