The Research On Student Loan Securitization Model In China

Since 1999, China began to implement the National Student Loan, Finance, People’s Bank of China Ministry of Education and other departments have been committed to improving the national student loan system and promote the work of the national student loan.. Before 2004, student loans are mainly undertaken by commercial banks, but the default rate on the high side, bank loan risk, such as problems, the bank appeared "credit crunch" phenomenon. In 2004, the state development bank stepped in student loan business, promoted the implementation of student loans work, and in 2005, with the cooperation and innovation in Henan Province department of education, successfully explored the national student loan "Henan model", and promoted to the whole country. But in the "Henan model" of particular concern is that university will follow to deal with the increase of student loan burden more responsibility, that lead to the university’s enthusiasm is not high. In 2007, our country has introduced from credit loans, but the loan supply and demand imbalance, the fiscal burden of big issues such as colleges and universities, student loan has not reached the expected target, lots of economic difficulties students still can not get funding. Therefore, national student loans still need to continue to improve to ensure the development of the higher education in China.Asset securitization in our country since 2005 start pilot, in various sectors such as housing, consumption, leasing is widely used, especially in 2012, asset securitization after the restart, it is accelerating. If this kind of financial innovation tool is introduced into the management of student loan in our country, it will contribute to the effective implementation of the student loans. Therefore, based on the student loan asset securities as the research object, and based on the theory of asset securitization, in view of the problems appeared in the process of student loan, expounds the necessity of the securitization, and its feasibility is analyzed, then the federal family education loan program in the United States securities into revelation, as "You Yuan 2014, the first phase of the personal housing mortgage loan securitization(You Yuan 2014 MBS)" the case mode, on the basis of student loan securitization is discussed and the similarities and differences between You Yuan 2014 MBS, puts forward the proposal of the pattern of student loan securitization in our country, finally smooth implementation for student loan securitization policy Suggestions are put forward. This paper tries to through the study of student loan securitization in our country, for the development of student loan in China to find a new effective way to promote the sustained and healthy development of the higher education in our country.