Revolutionary Measures to Prevent Student Loan Defaults in America and China
The article discusses how America has successfully reduced student loan default risk by improving student education on honesty, offering flexible loan repayment options, encouraging banks to actively collect loans, holding universities accountable for defaults, establishing a credit system, and imposing stricter penalties on defaulters. These measures have been effective. The article suggests that China should speed up legislation for higher education support and implement hometown student loan methods to ensure the smooth operation of student loans in Chinese universities.