Student loan applications drop due to falling birthrates

Taiwan News
Date: 2015-08-02
By: Ko Lin, Taiwan News, Staff Writer

The number of applicants filing for student loans has gradually been on a decrease in recent

Student loan applications decrease.  Central News Agency

Student loan applications decrease. Central News Agency

years, according to statistics provided by the Bank of Taiwan (BOT) on Sunday.

The drop in loan can be attributed to Taiwan’s falling birthrates, the bank noted.

Another report by the Ministry of Education (MOE) revealed that the number of student loans dropped to 621,476 applicants, or NT$24.732 billion in 2013, when compared to 664,895 (NT$25.784 billion) from the previous year.

The applicants and loan figures have been the lowest since 2003, the ministry said.

In 2009, the government received a record high of student loans in Taiwan with 817,000 applicants, or NT$30.202 billion.     [FULL  STORY]

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