Home>>
China waives student-loan interest, defers repayment for 2024
(Xinhua) 11:17, February 04, 2024
BEIJING, Feb. 2 (Xinhua) -- China has issued a circular on government-subsidized student loans, which waives this year's interest and allows postponed repayment terms, the Ministry of Finance said on Friday.
College students graduating in and before 2024 are exempt from paying interest on loans this year, according to the circular jointly released by the ministry and three other government agencies.
These students can also apply to defer this year's student loan repayments for 12 months, said the circular, adding that no penalties or compound interest will be charged.
The measures will help relieve the financial burden borne by graduates with financial difficulties and optimize employment services for the students, according to the ministry.
(Web editor: Zhang Kaiwei, Liang Jun)
Photos
Related Stories
- Urban green space positively correlated with schoolchildren's visual acuity: study
- Sino-US student exchanges vital for ties
- Chinese netizens wow at innovative fingerprint-enabled pencil box
- China to have 11.79 mln university graduates in 2024
- Chinese university students send toy bear into stratosphere, capturing rare picture of Earth
About People's Daily Online | Join Us | Contact Us
Copyright © 2024 People's Daily Online. All Rights Reserved.
Copyright © 2024 People's Daily Online. All Rights Reserved.