Title: Measures of Establishing a Virtuous Operating Mechanism for Student Loans
Abstract: Granting loans is a significant measure taken to perfect the financial-aid policy system of colleges and universities in China and to intensify the work of assisting impoverished students. The problems in operation of the system arise from the inadequacy of the present legal system for market economy and the loss of social credit. In order to establish a virtuous operating mechanism for student loans, it is necessary to set up a five-in-one safeguard mechanism involving the State, banks, colleges, students and society. What is the most important now is to establish, as an initial step to build up a national credit mechanism, a nation-wide college students' credit network with the students' ID numbers as soon as possible. And an atmosphere in which credibility is honored and cheating is despised should be created in whole society and those who are dishonest should be made to pay for their deeds. Besides, the practice of obtaining loans from local banks should be further developed.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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