Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China Specifies Measures to Ease Burden of Student Loans !

China Specifies Measures to Ease Burden of Student Loans

Time:2024-05-08 03:11:57 source:Stellar Spectacle news portal
Contact Us News / Society

China Specifies Measures to Ease Burden of Student Loans

 April 21, 2023
China Specifies Measures to Ease Burden of Student Loans
Students of Anhui Agricultural University collect cole samplings at an agricultural experimental base in Hefei, east China's Anhui Province, March 26, 2023. [Xinhua/Zhang Duan]

 

BEIJING, April 19 (Xinhua) — China has issued a circular on waiving interest and allowing deferred repayment of state-subsidized student loan principal, the Ministry of Finance said Wednesday.

College students graduating in and before 2023 are exempt from paying the interest on loans for this year, according to the circular jointly released by the ministry and three other government organs.

These students can also apply to defer this year's repayments of the student loan principal for one year, said the circular, adding that no penalties or compound interest will be charged.

The measures followed a decision made in a recent State Council executive meeting to continue the policy of interest-free and deferred principal repayments for government-subsidized student loans.

The moves aim to alleviate the burden on college graduates from families with financial difficulties and improve employment services for the students, the circular added.

 

(Source: Xinhua)

32.3K

Please understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: [email protected]. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn.


Comments

Magazines

Projects

2023 Women Science and Technology Innovation Pioneer...

Photos

People Enjoy Blooming Tulips in Jinan, East...
Flowers Bloom Across China in Spring

Special Coverage

  • Happy International Women
  • Celebrating 13th National Women
Related information
  • Sabrina Ionescu fumes after Angel Reese's league debut wasn't broadcasted by the WNBA
  • China's Puyuan Ramps up Efforts to Develop Knitwear Industry
  • China's 14th National Winter Games heat up tourism in N China
  • Women's Team Helps Residents Improve Understanding of Laws
  • Overseas businessmen show confidence in Hong Kong's business environment
  • 45 killed in South Africa bus crash
  • Serial Short Videos Released to Raise Awareness About Children's Charities
  • Shanghai Women's Federation Prevents, Solves Family Disputes
Recommended content
  • Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
  • Across China: 'Village CEOs' Transforming Rural Dreams into Reality
  • 1 dead, 4 wounded after shooting at Nashville restaurant in US
  • Chongqing Establishes Family Education Guidance Mechanisms
  • These 15 AP photos capturing migrants' struggle were honored with a Pulitzer Prize
  • 2024 China Internet Media Forum Opens in Yunnan Province