TY - JOUR
T1 - Student loans repayment in China
T2 - Designing a new model to ease the repayment burden
AU - Shen, Hua
AU - Shen, Hong
AU - Ziderman, Adrian
PY - 2009/7
Y1 - 2009/7
N2 - The relatively short repayment periods of four or six years after graduation under the Government-Subsidized Student Loan (GSSL), the main student loans programme in China, has, since its implementation in 1999, imposed considerable hardship in repaying loans. This paper presents a new diversified repayment model, the 'geometric proportion repayment' model in which the repayment ratio is kept within 10 per cent of income, thus both easing the burden of repayment and reducing subsequent default. The results of an ordinal regression model, based on data from a sample of university graduates, provides a method of estimating the (unknown) salaries of graduate borrowers on the basis of known information of their work/employment situation.
AB - The relatively short repayment periods of four or six years after graduation under the Government-Subsidized Student Loan (GSSL), the main student loans programme in China, has, since its implementation in 1999, imposed considerable hardship in repaying loans. This paper presents a new diversified repayment model, the 'geometric proportion repayment' model in which the repayment ratio is kept within 10 per cent of income, thus both easing the burden of repayment and reducing subsequent default. The results of an ordinal regression model, based on data from a sample of university graduates, provides a method of estimating the (unknown) salaries of graduate borrowers on the basis of known information of their work/employment situation.
UR - http://www.scopus.com/inward/record.url?scp=75149186889&partnerID=8YFLogxK
U2 - 10.1080/03797720902867641
DO - 10.1080/03797720902867641
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AN - SCOPUS:75149186889
SN - 0379-7724
VL - 34
SP - 281
EP - 290
JO - Higher Education in Europe
JF - Higher Education in Europe
IS - 2
ER -