JASSO Type 1 Interest-Free Loan: Who Qualifies and What You Get
This interest-free loan provides monthly funds for living expenses for students with high academic standing and financial need in Japan.
This scheme provides an interest-free loan to help students cover their monthly living costs while studying.
Who it's for
This loan is designed for students who demonstrate both financial need and excellent academic records.
What you get
You receive a loan to help pay for your monthly living expenses. Because it is a "Type 1" loan, you will not be charged any interest on the amount borrowed.
What it costs you
While there is no interest, this is a loan that must be paid back. Repayment typically begins six months after you graduate.
The catch to know
Maintaining this loan is not automatic. You must meet strict academic performance requirements to keep receiving the funds. If your grades do not meet the required standard, you may lose eligibility.
How to apply
- Review your academic eligibility based on your current grades.
- Assess your financial need to ensure you meet the criteria.
- Check the official requirements for application periods.
- Visit the official JASSO website for specific application instructions.