The Japan Student Services Organization (JASSO) has posted a leaflet on its website that guides on the "income-linked refund method" for the first-class scholarships newly introduced in April 2017.
The "income-linked refund method" is a system in which the amount of refund is determined each year according to the annual income after graduation, and even when the annual income is low, it can be refunded reasonably.It is now possible to select the "fixed amount refund method", which has been used for a long time and automatically determines the monthly amount to be returned according to the amount borrowed when I was a student.
The "income-linked refund method" is applicable to those who borrow a first-class scholarship (after 2017) at a university, graduate school, junior college, college of technology, or vocational school, and receive an institutional guarantee (guarantee fee). It is a condition that the Japan International Education Support Association plays the role of a joint scholarship by paying) and submits an individual number (my number).
If you use the "income-linked refund method", the monthly refund will be about 200 yen for an annual income of 4,700 million yen and about 300 yen for an annual income of 8,900 million yen. Although it may be longer and you can use the refund deadline grace, you can use the reduced refund system (a system that allows you to reduce the monthly refund amount due to disaster, injury or other financial reasons). There are some points to keep in mind, such as not being able to do so.
In addition, the Japan Student Services Organization website also publishes a "scholarship loan / return simulation" that allows you to estimate future refunds and the number of refunds based on monthly loan amounts and statistical information.
