Business, Management and Accounting
8 years ago

Rising Default Rates Threaten Access to Higher Education for Poor Students

Journal of Shaoguan University
The Cause and Countermeasures for the Severe Default Rate of National Educational Loan
Huo Yong-gang

Paper Summary

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The national educational loan in China is facing a high default rate due to various reasons like flawed loan policies, poor credit reporting system, and students' lack of credit awareness. To address this issue, the suggested strategies include improving the credit reporting system, clarifying the roles of banks and the loan system, providing more policy support, and easing the repayment burden on college students.