The cumulative issuance of national student loans exceeds 400 billion yuan (new data points)

2023-06-12

Data source: Mapping by the Ministry of Education: Wang Zheping's national student loan, as an important part of China's university funding policy system, is an important measure to promote educational equity. The reporter learned from the Ministry of Education that since its implementation in 1999, more than 400 billion yuan in student loans have been issued, supporting over 20 million students from financially disadvantaged families. The loan limit is constantly increasing. In the early stages of policy implementation, the maximum loan limit for full-time regular undergraduate and graduate students is 6000 yuan per person per year; In 2014, the maximum loan limit was increased to 8000 yuan per person per year for undergraduate and vocational students, and 12000 yuan per person per year for graduate students; In 2021, the maximum loan limit for undergraduate and vocational students will be increased to 12000 yuan per person per year, and for graduate students, 16000 yuan per person per year. The loan term continues to extend. In the early stage of policy implementation, the term of the national student loan is 6 years after graduation to repay the loan principal and interest, which is an additional 6 years for the educational system and a maximum of 10 years. In 2020, the term of the student loan was extended to the length of education plus 15 years, with a maximum of 22 years. The scope of loans is constantly expanding. In 2017, the student loan has achieved full coverage of colleges, research institutes, party schools, administrative colleges, accounting colleges and other training units, and full coverage of full-time ordinary undergraduate and junior college students, graduate students, and preparatory students. Loan processing is more convenient. Education departments at all levels provide maximum convenience for students from financially disadvantaged families to apply for student loans through high school pre application, "one-stop" processing, and online processing. We will continuously improve the national student loan policy to help students from financially disadvantaged families study and grow with peace of mind, "said the relevant person in charge of the Ministry of Education. (Reporter Zhao Yana, Huang Chao) (Xinhua News Agency)

Edit:Luo yu    Responsible editor:Wang xiao jing

Source:people.cn

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