Multiple freshmen and their parents apply for student loans in a local work office. [Chinanews.com]
Freshmen from poverty-stricken families in south China's Guangxi Zhuang Autonomous Region have benefited from the local government's credit loans.
According to officials from the Department of Education in Guangxi, there are an estimated 320,000 impoverished students who have applied for the aid loan in the province and the credit loan has reached around 2.2 billion yuan.
Pan Jing, a freshman, said that she just applied for a total of an 8,000 yuan (U.S.$ 1,200) student loan due to her economically-challenged family condition. "I only filed an application form online and it was very simple to deal with relevant procedures," Pan said.
Based on the introductions of local staff who worked in the student subsidies office, Chen Renshan stated that the shortest term of repayment was six years, while the longest term was up to 20 years.
Statistics show that around 648,700 underprivileged students got assistance from 2008 to the end of 2015 and 44.86 percent of freshmen had access to the locally-granted student loan, which is much higher than China's western regions.
Apart from this loan policy, Guangxi also made some practical measures to help such impoverished students further their education as well.
(Source: Chinanews.com/Translated and edited by Women of China)
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