Market competition, coupled with the dragons and fishes jumbled together, lax supervision, resulting in part of the platform to expand their business, such as lowering the threshold for rush into danger, lax audit, high interest rates, collection and other violent situations have occurred, some of the platform is also Its loopholes appeared one after another. black production, use, become a profit-making tool fraudsters. Regulators have now taken note of the root causes of the problem. Social criticism of our bank credit services for college students is not in place, they can not find local loans to find the network or social usury.” Recently, Guo Shuqing, chairman of the China Banking Regulatory Commission (CBRC), pointed out the issue of campus network loans. He said that the CBRC is studying how to make banks better loan services for college students, “open the main entrance.””.
In China, due to the legal compliance of the “campus loan products lack of campus consumer finance have not yet been effectively support the students to complete their studies, to achieve self growth, but because of rampant individual local usury caused all sorts of chaos. Insiders said that in the United States, set up jointly by the federal government, private lending institutions, net loan platform diversified student consumer credit system, is an important mechanism to support and promote the sustained and steady expansion of student loan services, this practice should follow the example of china.
The report also shows that about 19% of student loans come from banks and other commercial institutions, in addition to federally supported student loans. This part of the loan is a supplement to the state aid system in the United States. It supports the necessary expenses for tuition and living expenses. This part of the loan rate is relatively high. According to statistics, in 2015, 68% of American college students completed their studies with the aid of loans. In addition, in the United States, some schools, communities and credit unions in addition to issuing credit cards to students, you can also directly support students to buy mobile phones, computers and other products consumer loans.
From the point of view of the experience of the United States, is the campus financial significance, so that young people will not lose growth aspirations to get paid skills promotion opportunities due to financial distress and, this is to build a type of equal opportunity society. In addition, the proper use of financial instruments is also a required course of life, and only by allowing students access to moderate quality financial services, can we better learn to control this tool.
According to the “China higher education quality report” shows that in 2015 the number of college students China has more than 37 million, the same year in 2 million 500 thousand poor students issued 16 billion yuan loans (only 6700 yuan per capita), coverage of the population accounted for only 6.7%. The present situation in China is that the government loans provided by the government are stretched, and the traditional financial institutions such as commercial banks are absent for a long time. Although there is a market mechanism that joyhonest provide public student loan for students, but on the whole, all kinds of net loan platform, to occupy the market, but because of the lack of strict supervision, the emergence of many industry chaos.
Over the past few years, China “campus loan” from scratch, at present can be verified more than hundreds, plus other cash loans or even net loan platform to enter the campus form of usury field, it is difficult to calculate the number of.
The report points out that consumer credit in the United States can be subdivided into student loans, , credit card loans, and so on. After the financial crisis in 2008, credit card loans showed a downward trend, and its share of consumer credit has dropped from 37.6% in 2008 to 26.5% in 2016.
The day before, financial innovation China report jointly issued by the consumer Chinese Academy of Finance and Development Bank and national laboratory research center “(hereinafter referred to as the” report “) show that as of the end of 2016, the United States special consumer credit (excluding mortgage) $3 trillion and 760 billion, which exceeds the credit student loans have become the first big consumer credit category.
On the contrary, student credit and automobile credit grew explosively. Student credit, in particular, increased from $25 billion 300 million in 2003 to $123 billion 200 million in 2015, an increase of 386.96%. As of 2016, the proportion of student credit in the United States has risen to 37.3%, becoming the largest volume of consumer credit in the United states.
China: open the front door and improve the student credit system
The United States: nearly 70% college students rely on student loans to graduate
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