Post Tagged with: "university"

Student Debt Remains Largely Foreign In China

The world of loans, interest rates and rising tuition costs is not entirely unknown in China. The Ministry of Education reported a total student debt from loan contracts totaling 52.41 billion RMB ($8.1 billion) since 1999. Yet according to the U.S. Federal Reserve, Americans have accumulated a total student loan debt of $900 billion, or nearly 111 times larger.

Chinese Students Target American Universities

Nelson Song, a senior at The University of Texas at Austin, is one of a growing number of China-born students who choose to further their education at American universities. The 23-year-old biology major from Changsha, Hunan China, transferred to UT after just one year of study at Wuhan University. Yet even in China, Song acquired paternal longhorn influences at a very young age.