The use control and management system of student loans abroad is relatively perfect, which is worth learning from relevant domestic institutions.
United States of America
In the United States, there is no "campus loan" in the strict sense. Most platforms provide students with academic loans, and there are no loans specifically for students' consumption. Most American students apply for loans mainly to pay for courses, books and accommodation.
According to the latest research report "Lending and Repayment Trends of Student Loans" released by the Federal Reserve Bank of new york on 20 16, the total amount of student loans in the United States is $65,438 +0.23 trillion, most of which is provided by the federal government, and the proportion of loans from private institutions is extremely low. The diversified student consumption credit system established by the federal government, private lending institutions and online lending platforms is an important mechanism to support and promote the continuous expansion and steady service of student loans.
At the same time, American college students have a complete personal credit information system. FICO credit score (a credit scoring system developed by Fair Isaac) is usually used as the main standard to measure students' credit quality on American campus loan platforms. The platform gives different loan interest rates according to students' credit scores.
From the experience of the United States, the significance of campus finance lies in that young people with growth aspirations will not lose the opportunity to obtain paid skills upgrading because of family embarrassment, which is the significance of building an equal opportunity society. In addition, the correct use of financial tools is also a compulsory course in life. Only by giving students moderate access to high-quality financial services can they learn to better control this tool.
Britain, England
Installment loan originated from P2P loan model and was first established in Britain. Britain can be said to be the "originator" of college students' installment loans, and it is also the only country that has special legislation on the supervision of peer-to-peer lending. In March 2005, the world's first P2P peer-to-peer lending platform (Zopa) came out in Britain. After 10 years of exploration, Britain has gradually formed a relatively perfect system in this field.
Compared with the violent collection and vicious escalation of domestic campus loan default, campus loan in Britain can be said to show a rationality full of "human touch". Britain has not only established a repayment mechanism of "campus loan repayment automatically matching income", but also introduced many supporting measures to promote this mechanism. Determine the monthly repayment amount according to the actual income, that is, more income is more, less income is less. This practice prolongs the repayment time of the lender, thus preventing students from taking risks because of the huge repayment pressure in the short term.
The prerequisite for the implementation of this mechanism is a strict information auditing system and an information updating system. Students with loans must update their information as required, including graduation or graduation time, address, income and job changes. If they can't do this, the punishment will be very severe-no matter what the current income situation is, they must increase the original interest payable by 3%, which is a great burden for students.
Singapore
Campus loans in Singapore are mainly tuition loans provided by the government and some commercial banks. Some of these loan projects do not require students to pay interest during their studies, and an ordinary Singaporean college student can basically complete 90% of the repayment tasks. In order to protect students' economic rights and avoid unnecessary losses, commercial banks will take the way of automatic deduction for repayment to prevent students from missing the repayment time. In addition, banks will also launch loans related to campus loans to further reduce academic-related expenses.
The scope of study abroad loans of the National University of Singapore can cover all undergraduate courses and provide various loan methods according to different needs. To apply for these loans, you must provide a domestic guarantor. After successful application, you can enjoy interest-free loans for up to 5 years and affordable interest loans for up to 20 years, and you can also enjoy tuition subsidies provided by the Ministry of Education.
With the development of financial technology, emerging P2P platforms such as MoolahsSense have emerged in Singapore. Through cooperation with large commercial banks, the platform provides loan services for students, which is beneficial for students to quickly obtain their own loan funds through peer-to-peer docking. In addition to applying for campus loans, students can also get financial services through summer activities provided by the college.