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China Scholarship and Loan System
In July 1986 the State Council announced that the stipend
system for university and college students would be replaced with
a new scholarship and loan system. The new system, to be tested in
selected institutions during the 1986-87 academic year, was
designed to help students who could not cover their own living
expenses but who studied hard, obeyed state laws, and observed
discipline codes. Students eligible for financial aid were to apply
to the schools and the China Industrial and Commercial Bank for
low-interest loans. Three categories of students eligible for aid
were established: top students encouraged to attain all-around
excellence; students specializing in education, agriculture,
forestry, sports, and marine navigation; and students willing to
work in poor, remote, and border regions or under harsh conditions,
such as in mining and engineering. In addition, free tuition and
board were to be offered at teachers' colleges, and the graduates
were required to teach at least five years in primary and middle
schools. After graduation, a student's loans were to be paid off by
his or her employer in a lump sum, and the money was to be repaid
to the employer by the student through five years of payroll
deductions.
Data as of July 1987
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