China increases amount of student loans this fall

Updated: Sep 15, 2023 By LUO WANGSHU Print
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China will increase the amount of national student loans available this fall semester, the Ministry of Education said on Friday.

According to a statement released by the ministry, each full-time university student can apply for national student loans, with an annual quota of 16,000 yuan ($2,200) since this fall. The amount has been increased from 12,000 yuan.

The student loan for full-time graduate student has increased from 16,000 yuan to 20,000 yuan.

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