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“I just want to study” 30% of loan-type scholarships are overdue, 10% of personal bankruptcies 10% citizen group announces questionnaire results: Tokyo Shimbun TOKYO Web

“I just want to study” 30% of loan-type scholarships are overdue, 10% of personal bankruptcies 10% citizen group announces questionnaire results: Tokyo Shimbun TOKYO Web
“I just want to study” 30% of loan-type scholarships are overdue, 10% of personal bankruptcies 10% citizen group announces questionnaire results: Tokyo Shimbun TOKYO Web

On the 21st, citizens’ groups working on poverty issues among young people announced the results of an online questionnaire that said that 30% of former students who borrowed scholarships experienced delays in repayment. At a press conference held at the Ministry of Education, Culture, Sports, Science and Technology in Kasumigaseki, Tokyo, on the same day, members of a civic group explained the current situation surrounding young people, saying, “Even university graduates are not in a situation where they can find good jobs, and many people are struggling to pay back their loans.” He said he would like the government to review the repayment grace system and exempt the repayment.

The survey was conducted by the NPO POSSE and the “Scholarship Cancellation Project,” an initiative of the labor union’s General Support Union. We asked a former student who received a scholarship from the Japan Student Services Organization between July and September. Of the 2,697 responses, 80% were in their 20s and 30s. About 60% of the loans amounted to 2 million to 5 million yen.

Twenty-eight percent of the respondents said they had arrears, and 67% of the respondents cited “low income” as the reason (multiple answers allowed). There is a system that allows repayments to be deferred for up to 10 years for those with an annual income of 3 million yen or less, but 21% of those with an annual income of 3 million yen or more experienced delinquency. 10% of respondents considered bankruptcy, and 34 answered that they went bankrupt.

A former high school teacher talks about the difficulty of paying off her scholarships, saying, “I just want to study, but it’s strange to have millions of dollars in debt.”

A 25-year-old former high school home economics teacher who attended a press conference held by a civic group borrowed 4 million yen to attend a private university. After she graduated, she became a teacher, but she retired due to ill health and is currently unemployed. She reduced her monthly repayment from 17,000 yen to 6,000 yen through a reduction system. She complained that the woman said, “It’s crazy if she just wants to study and she has to borrow millions.”

In addition to collecting online signatures, the project will hold an online workshop for those who are still repaying from 1:00 pm on October 1st. Details on the homepage. (Tetsuya Enomoto)

Tags: study loantype scholarships overdue personal bankruptcies citizen group announces questionnaire results Tokyo Shimbun TOKYO Web

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