US EUROPE AFRICA ASIA 中文
    Business / Industries

    Loans are double-edged sword for students

    (Xinhua) Updated: 2016-03-24 07:43

    Loans are double-edged sword for students

    A student in Beijing uses her iPad to search for information. Some students are turning to loans to supplement their lifestyles. [Photo/China Daily]

    Zheng Dexing died on March 9. The college student from Henan province committed suicide after accumulating loans worth 589,500 yuan ($91,000) to pay for his gambling addiction.

    Yang Bo, a junior in Southwest China's Guizhou Normal University, wanted to go on vacation to Guangdong province, so he resorted to a loan of 5,000 yuan.

    "The loan makes it a lot easier to travel," Yang said. "I just pay 500 yuan or so monthly to pay it back."

    More and more college students are turning to loans to supplement their lifestyles. To apply, students must disclose certain information about themselves and their parents for the loan to be verified.

    Should a monthly repayment be missed or late, the interest rate is increased.

    "It took me less than an hour to complete the application online," said Zhang Zeming, a freshman from eastern China's Fujian province. "For new applicants, the loan is interest free."

    Students from more than 50 universities were surveyed by Capital Campus Press Union in January, of the respondents, 63 percent have applied for loans online, 85 percent of which did not want their parents to be involved.

    "It feels awkward for me to ask my parents for that much money because I am a student," admitted Zhang, who applied for a loan to buy a laptop computer.

    Apart from travel and shopping, loans have also been used to start or invest in businesses. Li Hailang, a college student from the Ningxia Hui autonomous region, used his loan to open a restaurant near his school.

    "Online loans can stimulate consumption," said Li Yuansheng, an economics professor at Fujian Normal University. "College students tend to spend more on digital devices, but lack the spare funds, this is where loans can help."

    Also, from a lender's perspective, college students are a huge market, with a preference for short-term purchases, according to Kang Jun, a professor at Hunan University.

    However, loans are not all about benefits: Take the sad story of Zheng Dexing. He was just one of a number of students who rely on loans to live beyond their means.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    国产成人无码a区在线视频| 伊人久久精品无码二区麻豆| 久久人妻无码中文字幕| 亚洲 欧美 中文 在线 视频 | 最近中文国语字幕在线播放视频 | AAA级久久久精品无码区| 日韩精品无码视频一区二区蜜桃| 中文字幕无码乱人伦| 精品无码人妻一区二区免费蜜桃 | 少妇无码一区二区三区免费| 亚洲中文字幕无码专区| 亚洲一区二区三区无码中文字幕| 蜜臀av无码人妻精品| 日韩国产精品无码一区二区三区| 无码人妻久久一区二区三区蜜桃| 日韩欧美一区二区不卡中文| 漂亮人妻被中出中文字幕久久| 精品亚洲成α人无码成α在线观看| 日韩精品无码专区免费播放| 亚洲va中文字幕无码久久| 无码八A片人妻少妇久久| 久久久久亚洲精品中文字幕| 日本中文字幕电影| 91视频中文字幕| 无码人妻少妇久久中文字幕蜜桃| 无码人妻丰满熟妇啪啪 | 中文字幕亚洲码在线| 久久无码国产| 无码国模国产在线无码精品国产自在久国产| 久久人妻少妇嫩草AV无码专区 | 亚洲中文字幕无码爆乳av中文| 潮喷失禁大喷水aⅴ无码| 刺激无码在线观看精品视频| 国产亚洲情侣一区二区无码AV| 人妻少妇看A偷人无码精品视频| 无码精品蜜桃一区二区三区WW| 亚洲 日韩经典 中文字幕| 欧美在线中文字幕| 免费看成人AA片无码视频羞羞网| 久久无码AV一区二区三区| 无码精品久久久天天影视|