China Specifies Measures to Ease Burden of Student Loans
Time:2024-05-21 07:13:42 Source:businessViews(143)
- Home
- News
- People
- In-depth
- ACWF
China Specifies Measures to Ease Burden of Student Loans
April 21, 2023Students 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)
32.3KPlease 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
Previous:Who is Jacob Zuma, the former South African president disqualified from next week's election?
Next:OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
You may also like
- Children are evacuated from school 'during an exam' after threat made via email
- Alleged Rushdie attacker, awaiting trial in New York, could still face federal charges, lawyer says
- US appeals court says Pennsylvania town's limits on political lawn signs are unconstitutional
- Kansas' governor vetoes a bill for extending child support to fetuses
- The fightback begins: Boss of London's Queen Mary University tells pro
- Ozempic butt: Women report two MORE unflattering and scary side effects of weight
- Bethune scores early and the Spirit holds on for 2
- Patrick Corbin gets 1st win of season, Nationals beat Red Sox 5
- A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it