News at Mason
Mason Korea and IBK to establish Covid-19 Emergency Fund for students
April 30, 2020
George Mason University Korea will provide ‘Covid-19 Emergency Fund’ to students who are going through financial difficulty due to Covid-19, in collaboration with the Industrial Bank of Korea (IBK). Mason Korea will also provide a Covid-19 Relief Grant to help continuing students successfully overcome this crisis.
The ‘Covid-19 Emergency Fund’, worth KRW 30 mil will be available to all Mason Korea students enrolled this Fall 2020 who are experiencing extreme financial difficulty as a result of the Covid-19 crisis. Students must meet all the qualifications for the relief grant and demonstrate evidence of extreme financial hardship as a result of the covid-19 emergency. Students who are approved will receive award up to KRW 2 mil. The IBK-Mason Covid-19 Emergency Fund is available to all students in addition to other scholarships they may already be receiving. Mason Korea students studying on the Fairfax campus are also eligible for this fund.
Gbemi Disu, Chief Business Officer of George Mason University Korea stated; “It is wonderful to have such a great partner in IBK. We have enjoyed working with them over the years and appreciate their commitment to corporate social responsibility as can be seen through their generous support of our students during this unprecedented time.”
In addition to this grant, Mason Korea has also allocated USD 400,000 to provide additional financial support to students. This ‘Covid-19 Relief Grant’ is available in the form of a USD 1000 tuition reduction. Continuing students who are registered as full-time students at the Mason Korea campus will receive USD 500 in Fall 2020 and Spring 2021. No application is required for this grant and all students who qualify for the grant will automatically receive it. The Office of Admissions and Enrollment will also launch need based scholarships in addition to the merit-based scholarships opportunities awarded to incoming freshmen students.
Robert Matz, Campus Dean of George Mason University Korea said, “I am happy to announce that, in consideration of the extraordinary situation created by the ongoing Covid-19 pandemic, Mason Korea and IBK have decided to provide various financial support opportunities for our students. At Mason, we promise to always make student success our first priority and we hope this support will go a long way in helping to alleviate some of the financial challenges our students and their families are facing at this time.