College Graduates Get Extra Decade to Repay Student Loans

(Beijing) – College and graduate school graduates will have up to 10 more years to repay their student loans so they will be face less financial pressure, the top committee of the State Council, said after meeting on July 8.

Students will now have 20 years to repay the loans they take out to finance their higher education. The current terms are either 10 or 14 years, depending on where the loans are issued.