6. Scholarship Benefits
(1) Scholarship Period: March 1, 2016 ~ February 28, 2021
(2) Scholarship Benefits
① Airplane ticket or airfare: The grantees will receive an airplane ticket or be paid an economy class airfare of the shortest route between their country and Korea when they come to Korea, and, thereafter, when they leave Korea after completion of their study.
② Monthly Stipend: 800,000 won per month
③ Tuitions: The tuition fee up to 5 million won is exempted by the Korean Government, and if any, the tuition fee exceeding 5 million won and the entrance fee for the first semester by the host university.
④ Settlement Allowance: 200,000 won upon arrival
⑤ Repatriation Allowance: 100,000 won upon completion of studies
⑥ Korean Language Training Expenses: The full costs up to 1 year (NIIED pays directly to the language training institution)
⑦ Medical Insurance: The grantees will be provided with health insurance for major accidents and illnesses during their scholarship period.
⑧ The grantee who has level 5 or higher in TOPIK will receive 100,000 won per month after being enrolled at a two-year bachelor course