--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar


Hot Links
China Development Gateway
Chinese Embassies

Stress Builds to Repay Tuition Loans

Donghua University will send student tuition loan records to their future employers after graduation -- a new measure taken to urge loan applicants to pay back money on time.

Starting this semester, Donghua students who apply for a government-subsidized bank loan should first sign a statement, as well as take an oath to promise repayment.

Loan beneficiaries are also required to complete 50 to 200 hours of volunteer work during their university life in return for the help.

A student's loan application and returning report will also be sent to future employers together with other personal documents so that the company can urge young employees to pay back the money on time.

Student loan records previously have been private with only the bank, the university authority and student having access to the information, Donghua officials said.

"We should convince students that financial problems are temporary. It's more important to cherish their credit," said Wang Kebin, director at Donghua's student affairs division.

Starting this semester, each local university student can apply for up to 6,000 yuan (US$723) in government-subsidized tuition loans each year.

The annual tuition for local university students ranges from 5,000 to 10,000 yuan.

Through June, about 12.4 percent of the city's tuition loans were reported to be nonperforming, according to the Shanghai Education Commission.

(Shanghai Daily December 1, 2004)

China Education and Research Network
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688