611 elderly Hongkongers default on student loans, owe HK$17,400 each on average

“More than 600 Hongkongers aged 60 and above have failed to repay their student loans under five government schemes funding tertiary and post-secondary studies, with the average amount owed standing at HK$17,400 (US$2,220). In a reply to questions from lawmakers on Wednesday, the Education Bureau said it had recorded 9,838 default cases involving 8,494 individuals under the five schemes as of January 31 this year, with outstanding amounts totalling nearly HK$126 million. The schemes provide...

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