Xingcai Scheme is a supplementary subsidy scheme for parents to apply for higher education for their children, which is launched by Xingye Consumer Finance Co., Ltd.

As a licensed formal financial institution approved by the China Banking Regulatory Commission, Industrial Consumer Finance has launched a "Talent Promotion Plan" within the existing household consumption loan product system for parents to apply for, with a maximum amount of 200,000 yuan for their children to receive higher education, and only interest needs to be repaid during school and within five years after graduation, with a maximum period of 20 years. Those who have applied for national student loans can also apply.

It is reported that the "Xing Cai Plan" has fully studied the student loan models in Britain, the United States and other countries, and made reference to the "parent loan" model in American student loans. Parents apply instead of students, and the use of funds is monitored throughout the process to prevent excessive consumption of funds outside of school. The second repayment person is also implemented, which enhances the certainty and sustainability of student loans.

The main contents of the plan:

1. "Top Talents Program" Scholarship: Scholarship is used to reward full-time college students (including freshmen enrolled in the college entrance examination) with outstanding academic performance, social practice, innovation ability and comprehensive quality; Scholarships are used to finance full-time college students (including freshmen enrolled in the college entrance examination) with financial difficulties or sudden temporary difficulties.

2. Scholarship for "Promoting Talents Program": It is used to reward teachers and staff of the education system who have made positive contributions to poverty alleviation through education.

3. Inspirational growth base of "Xing Cai Plan": it is used to subsidize developmental students, and the "three-line activity" of financial knowledge campus trip, financial aid policy rural trip and home-school care trip is used as the carrier to promote the internship and employment skills of students with financial difficulties.

4. "Xing Cai Plan" higher education loan: as a supplement to the national student loan, it is used for tuition, accommodation, living expenses, education and training of full-time college students (including freshmen enrolled in the college entrance examination) during their school days. During school and five years after graduation, you only need to pay interest, and the longest period is 20 years.