my timesThe Korea Times

Student Loan Plan Shelved

Listen

By Bae Ji-sook

Staff Reporter

A plan to allow students to get loans without their parents acting as guarantors has been scrapped, the Ministry of Education, Science and Technology said Sunday.

The National Assembly recently withdrew the measure since Korean civil law does not allow adolescents to make legal decisions on their own, the ministry said.

The initial plan aimed to help students who were unable to get loans because their parents were divorced or were from single parent families.

``If necessary, we will seek a revision of respective civil laws. Since its purpose is to help poor students pursue higher education, student loans should be available to more students, without barriers,'' a ministry spokesman said.

bjs@koreatimes.co.kr