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China granted USD 8.96 billion in student aid last year- 26-Aug-2013
Beijing: China granted about USD 8.96 billion in aid to college students nationwide in 2012, officials said.
The grant of about 54.8 billion yuan (USD 8.96 billion) is an increase of 6.44 per cent year-on-year.
China has provided a full set of financial aid to college students, including scholarships, stipends, student loans as well as tuition waivers, in a move to boost education equality, Zhang Guangming, director of the China National Centre for Student Financial Aid, said.
According to official statistics, 1.4 billion yuan was granted to 95,000 students as national scholarship, 3.4 billion yuan was given to 683,100 students as national encouragement scholarships, and 13.6 billion yuan to 4.86 million students as stipends in 2012, state-run Xinhua news agency reported.
China also provided college loans of 14.9 billion yuan to 2.6 million students across the country in the same period, according to the centre.
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