BEIJING, July 21 (Xinhua) -- China has revised its state-subsidized student loan policy in a bid to further reduce the debt burden of college student borrowers, according to an official circular.
State-subsidized student loans are priced at 30 basis points below the loan prime rate (LPR) - a market-based benchmark lending rate - of the same class and same term, said the circular, made public on Tuesday on the website of the Ministry of Education (MOE).
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