The Ministry of Education has announced a list of about 35 financially-unstable Universities (18 universities, 17 colleges), out of 337 higher education institutions, these universities will get cuts in central funding. Furthermore among these universities, 14 universities (6 universities, 8 colleges) will get limited student loans. Institutions were rated according to their financial status, employment rate of their graduates and other key data. Universities and colleges in the list are expected to take steps for reconstructing system and strengthening competitiveness in their education quality.
| Name of Institution | |
| University | Sungkyul University |
| Sungkonghoe University | |
| Shingyeong University* | |
| Gyeongju University* | |
| Far East University | |
| Deagu University of Foreign Studies | |
| Daegu Haany University | |
| Dongyang University | |
| Baekseok University | |
| Sangji University | |
| Seonam University* | |
| Silla University | |
| Woosuk University | |
| Jeju International University* | |
| Hanlyo University* | |
| Hanseo University | |
| Hanzhong University* | |
| Honam University | |
| College | Soongeui Woman's College |
| Woongji Accounting and Tax College | |
| Kyongbuk Science College | |
| Koguryeo College* | |
| GwangYang Health College* | |
| Kungjang University College | |
| Daegu Technical University* | |
| Daegu Future College* | |
| Kunjang University College | |
| Byuksung College* | |
| Busan Art College* | |
| Sohae College | |
| Songho College* | |
| Youngnam Foreign Language College* | |
| Jeonbuk Science College | |
| Pohang College | |
| Hanyeong College University |
*Institutions with limited student loan