The University of Utah is going global and opening an institute in Songdo, South Korea in September of 2014.
The University of Utah Asia Campus will offer three undergraduate degrees and one graduate degree for students around the world.
The city of Songdo has recently been advertised as the city of the future. It’s a multibillion-dollar, privately-developed city built on land reclaimed from the Yellow Sea.
The South Korean government will provide University of Utah with at least $1.5 million per year for at least four years to help fund the new programs, as well as an interest-free $10 million loan without a contract to pay it back unless the campus makes money.
The university won’t use any public or state money to fund the campus.
It’s predicted that the campus population with be made of 40 percent Korean, 40 percent from other areas in Asia, and 20 percent from the United States and Europe.
Asian and Korean students will have the same admission requirements as Utah students. Applications will be accepted until July 1 for the fall semester.