A Study On The Debt Risk Control Of Local Colleges And Universities In China

With the transformation of higher education from elitism to popularization in China,since 1999,the state has implemented the policy of enrollment expansion,and colleges and universities have begun to expand the scale of running schools to cope with the growth of the number of students.Colleges and universities are faced with the problems of infrastructure construction,research facilities construction and the introduction of excellent teachers.The cost of running schools has increased substantially.In order to solve the problem of "Wantong" faced by colleges and universities in enrollment expansion However,public universities are not profit-making organizations,most of which are funded by the government.With the development of colleges and universities,the investment of government education funds can not meet their capital needs gradually,so colleges and universities will choose the method of borrowing to solve the capital gap,but with the passage of time,colleges and universities need more funds,and the capital gap gradually increases,making colleges and universities have a lot of liabilities,which has become a common mode of development of domestic colleges and universities While the development mode of debt management can solve the problem of university funds in a certain period of time,but with the passage of time,it will also cause a huge debt risk,which is not conducive to the sustainable development of universities.In this paper,through case study,y Province,which has a large debt scale,is chosen as the research object to explore the causes of debt of local public universities.Based on the public finance theory,quasi public goods theory,cost sharing theory and risk management theory,combined with the debt risk situation of colleges and universities across the country,this paper analyzes the current situation,finds that the debt risk problem of colleges and universities is very common in the country,at the same time,it finds out the causes of the debt of colleges and universities across the country.The most basic reason is the debt of colleges and universities The policy of debt expansion leads to the large-scale expansion and infrastructure construction ofcolleges and universities.Secondly,the insufficient investment of the government also affects the debt situation of colleges and universities.In addition,the commercial banks are willing to lend large-scale loans to colleges and universities.Finally,the internal control of colleges and universities is not good,which leads to the problems of large-scale debt and high debt risk.After finding out the national problems,we return to the case score Based on the analysis of the reasons for the formation of the actual debt of Y province and the similarities and differences of the debt situation of the public colleges and universities in the capital and non capital cities of Y Province,this paper sums up and analyzes the debt problems,and finds that the problems of the debt of the Colleges and universities in Y province include limited income and high investment cost,while the problems faced by the colleges and universities in Y province are not the same as those in non capital cities of Y province Cities are mainly faced with the problems of large scale debt and urgent time to repay debts,while non capital cities in Y province are faced with the problems of fast debt growth and narrow financing channels.Through the discussion and sorting out of these problems,combined with the causes and analysis of the national debt problems of colleges and Universities,the paper puts forward the control of the debt risks of these colleges and universities,and the overall level needs to define the main body of debt repayment of colleges and universities,We should increase the government's investment in education,reasonably adjust the tuition structure,and increase social donations.In view of the large-scale debt problems faced by provincial capital colleges and universities,we need to promote land replacement,establish special debt repayment funds,and increase the income of colleges and universities.The control measures for non provincial capital colleges and universities include widening the financing channels of colleges and universities,improving the internal control system,and improving the popularity of colleges and universities In order to control the debt risk of colleges and universities,we hope to give some suggestions to solve the debt problem of Y Province,as well as some corresponding countermeasures to solve the debt problem of colleges and universities nationwide for reference.This paper analyzes the reasons for the formation of the debt risk of colleges and universities in different situations by comparing the capital colleges and universities in Y province with those in non capital colleges.Combined with the actual problems in Y Province,I hope to get the situation and risk problems of the debt of colleges and universities in different regions in the same province under the influence of the same policy,so as to help solve the problem of "raising debt to promote education" of colleges and universities.Through optimization The debt structure of colleges and universities can provide relevant solutions to solve the debt burden,reduce the debt risk and reduce the debt scale according to the actual situation,and provide some research materials for the research of national colleges and universities' debt,hoping to have a certain practical value.