Legislator Wan Meiling pointed out that 50,000 student loan graduates who could not repay their loans were sent for enforcement. The Ministry of Education stated today that if they have difficulty repaying their loans, they can apply for deferred payment of principal and interest for up to 8 years.

(Photo by reporter Lin Xiaoyun)

[Reporter Lin Xiaoyun/Taipei Report] Legislator Wan Meiling, according to the Judicial Yuan Judgment Inquiry System, indicated that since the establishment of the student loan, there have been more than 50,000 cases where banks have applied for compulsory enforcement due to outstanding student loans. 50,000 graduates have been petitioned by banks for enforcement because they cannot repay their student loans. The proposal requires the Ministry of Education to study a full interest-free plan for student loans.

Regarding the student loan graduates who are already repaying the loan, the Ministry of Education stated that those who have difficulty in repaying the loan, as long as they meet the conditions of an average monthly income of less than 40,000 yuan, can apply for a deferred payment of principal and interest for up to 8 years. Graduation during the deferred payment of principal and interest Students are exempted from paying principal and interest, and all interest is subsidized by the Ministry of Education. All current students and graduates who apply for school loans will not increase their interest burden due to interest rate hikes.

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Enforcement is a matter of repayment between the bank and the student. The Ministry of Education has asked the bank to provide relevant information. In recent years, it has applied to the court for a payment order. The payment order must be issued first. If the student still does not repay the loan or negotiate with the bank, the bank will issue a payment order. The court petitioned for enforcement.

As for the student loans of current students, the Ministry of Education stated that currently 93% of the interest on student loans during their studies was originally fully subsidized by the Ministry of Education; the remaining 7% of students on student loans originally had to bear half or the full amount of interest on their own. The Ministry of Education will still assist in subsidizing the increased interest due to the rate hike.

Legislator Wan Meiling mentioned that according to the survey conducted by the yes123 job search website, only 25.9% of young people under the age of 39 in my country have income greater than expenditure, and 36.3% have income less than expenditure. , the proportion of zero deposits is increasing every year, showing that the general environment is not friendly to young people.