Chinese student driven to brink of suicide after running up loans he could not repay
Young man was able to keep on borrowing from lenders that operate on campus
A college student was reportedly driven to the brink of suicide because he could not pay back loans of 110,000 yuan (US$16,500).
It was not the first time the student, who was identified by the pseudonym Xiao Zhang, had been in trouble for his failure to repay his debts, according to Yangtse Evening News.
He was found sitting at the roadside, in a highly distressed condition, near a subway station in Nanjing, the capital of Jiangsu province, on Sunday evening,
The student was taken to the police and told them he had been thinking about killing himself because of his debts.
He borrowed a total of 300,000 yuan in less than three years via online lending firms – some of them operating illegally – which typically target college students.
“I cannot help borrowing. I am the kind of the person who has a false sense of pride but suffers greatly,” he said.