Many Chinese colleges and universities are owed millions of yuan because students are unable to, or choose not to, pay back tuition loans, the Ministry of Education said on Monday.
“We have found that many universities and colleges have several million yuan of defaulted tuition fees, some have nearly a billion,” Cui Bangyan, a senior ministry official said at a press conference in Beijing….[Full Text]
Chinese Colleges Owed Millions of Yuan in Unpaid Loans – Xinhua
Posted by Sophia Cao | Jul 3, 2007