Tools: Save | Print | E-mail | Most Read
China Offers 19 Bln Yuan in Interest-free Loans to College Students
Adjust font size:

China's state loan system has assisted 2.3 million college students from poor families by issuing 19.09 billion yuan (about US$2.39 billion) in interest-free loans since 1999, Chinese Ministry of Education said on Tuesday.


Since June 2004, the Chinese government has granted interest-free loans to 1.441 million college students by issuing around 1.211 billion yuan (US$151 million), the ministry said.


China introduced a pilot state education loan system in 1999 in eight major cities, including Beijing, Shanghai, Tianjin, etc. The system was extended to the rest of the country in 2004.


By April 2006, 15.4 percent of the students studying in colleges and universities sponsored by the central government departments had received loans, according to Yuan Guiren, vice minister of education, at a signing ceremony between the Bank of China and the ministry on the loan management for the next five years.


In China, families have to pay at least 8,000 yuan (US$975.6) every year for their child's college education, which means farmers have to shell out years of income.


Statistics from the ministry show China now has 15.62 million college students, of which three million come from poor families.


A new policy dubbed as "Green Channel" will be put into practice to ensure that every poor student can go to school, the ministry said.


(Xinhua News Agency July 13, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
Loan Scheme Must Improve
Project to Benefit Poor Students in Yunnan
9.6 Billion Loans Yuan Granted to Students
China Offers US$520 Million in Loans to Students in 2004
University Students Get Support
Loan Applications Go Online
State Council Issues Order on Loans for Needy Students
New Lending Plan Aids Needy Collegians

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
Copyright © All Rights Reserved     E-mail: Tel: 86-10-88828000 京ICP证 040089号