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  1. Grace period urged over student loans

    Posted May 25th 2009, 12:00am by Amy Nip

    ... Amy Nip The government should allow university students to defer loan payments for a year, the youth faction of the Democratic Alliance for the Betterment and Progress of Hong Kong said yesterday. All tertiary students who held loans through the Student F ...

  2. Moves to ease student debts

    Posted Nov 09th 2011, 12:00am

    ... Dennis Chong Dennis.chong@scmp.com The student loans agency has proposed measures to tackle what the government says is the increasingly worrying problem of bad debts. They include lowering interest rates and lengthening the period of repayment to as long as 17 years. The Student Financial Assistance Agency has also suggested the credit data of those who cannot repay ...

  3. Casino sues university trustee for HK$2.4m debt

    Posted Aug 13th 2011, 12:00am

    ... Stuart Lau and Austin Chiu A Macau casino has filed a legal bid to reclaim HK$2.4 million in gambling debts from a 'distinguished entrepreneur' serving on Chinese University's board of trustees. According to a writ filed in the High Court yesterday, Richard Liu Shang-chien, a member of the university's New Asia College board of trustees, entered ...

  4. Minister takes blame for universities' debts

    Posted Mar 15th 2008, 12:00am by Raymond Li

    ... Raymond Li In a rare show of leadership, authorities have taken the blame for more than 200 billion yuan (HK$219.6 billion) in debt amassed by mainland universities in their reckless expansion efforts in the past decades, with authorities pledging to work with the institutions to settle the debts. 'The 200 billion yuan in debts is partially the result of the university ...

  5. Debt said to be taking toll on universities

    Posted Aug 16th 2007, 12:00am by Raymond Li

    ... Raymond Li Spiralling debts have begun to take their toll on the daily operation of universities, the National Development and Reform Commission has warned. In a social development report, the top planning agency said universities had amassed 200.1 billion yuan in debts by the end of 2005. It was the first time mainland authorities had revealed such figures and offered a rare ...

  6. Help for debt-ridden universities pledged

    Posted Mar 27th 2007, 12:00am by Raymond Li

    ... Raymond Li The central government has promised to bail out the mainland's universities as they struggle with mounting debt from overborrowing in the late 1990s to fund rapid ... week appealed desperately to teachers and students for suggestions on how to handle mounting debts and tight finances. In a notice posted on the university's intranet, authorities admitted ...

  7. Universities saddled with heavy debts

    Posted Mar 12th 2007, 12:00am by Staff Reporter

    ... and they were saddled with heavy debts, said NPC deputy Wang Wu, who is also vice-president of Southern Yangtze University. Debts of universities in Shandong and Jiangsu provinces have exceeded 10 ... in interest payments each year. I don't know how many students they have to enrol if they want to repay the debts with the tuition fees alone,' he said. The delegates yesterday warned ...

  8. Debt forces university students to find work

    Posted Nov 13th 2004, 12:00am by Judy Ngao, Linda Yeung

    ... to pay their way. It reveals 42.2 per cent of university students in debt and 23.9 per cent saying they faced financial difficulties. Eleven per cent had average monthly credit card debts ... for many families. She said she was worried students would work even longer hours as they accumulated more debts, particularly from credit cards. 'This will limit their time spent on campus ...

  9. Debt closes mainland rural schools

    Posted Sep 04th 2004, 12:00am by Linda Yeung

    ... Linda Yeung Some dilapidated centres operate in the dark because they can't afford to pay their electricity bills Rural schools in the mainland are being forced to close because of excessive debts, a survey by the China Education Daily has found. The survey of 174 officials from cities and counties from 30 provinces found that more than half of the rural schools had ...

  10. Bureau seeks views on student loan reform schemes

    Posted Mar 16th 2010, 12:00am by Elaine Yau

    ... Elaine Yau The government has launched a consultation on how to change a student loan scheme after a rising number of cases involving defaults and loan cheats. Education concern groups called for an overhaul of the non-means-tested loan scheme, administer ...




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