The national student loan is a key measure taken by the Chinese government to use financial means to subsidize college students with financial difficulties.Since1999,this work has made remarkable achievements.By the end of 2021,the national student loan has been issued more than 300 billion yuan,benefiting more than 50 million students.As the only paid aid in the general university student financial aid system,the national student loan funds need to be repaid and recovered.The recovery efficiency of the national student loan funds will directly affect the operation of the whole project.Therefore,this thesis focuses on the recovery efficiency of the national student loan and provides suggestions to promote the recovery of loans.First of all,it combs the evolution of the national student loan and its recovery effect.First,according to the context of the policy text,the evolution of the national student loan is divided into three stages,namely,the initial exploration period,the model innovation period and the improvement and upgrading period,in which the evolution characteristics of the main components of the policy in each period are emphatically sorted out.Secondly,it summarizes the implementation effect of the national student loan recovery policy from three aspects: the continuous reduction of the loan interest rate,the gradual extension of the repayment period,and the effective control of the repayment default.On this basis,it lays the foundation for the following to explore the recovery efficiency of the national student loan and its factors..Secondly,it explores the recovery efficiency of the national student loan and its main influencing factors.First,using the measurement method of loan repayment ratio and loan recovery ratio,based on the actual loan interest rate and inflation rate and other data,we measure the recovery efficiency of the national student loan since1999.It is found that the repayment ratio and recovery ratio of it have been higher than 80% and 55% for more than 20 years,exceeding the world average of 61% and39%.Secondly,from the perspective of repayment ratio and recovery ratio,the main factors affecting the recovery efficiency of it are explored,and it is found that the preferential interest rate is insufficient and the implicit subsidy for students is low;The repayment period continues to extend,and the risk of fund recovery increases.At the same time,repayment default and management costs will have a significant negative impact on recovery efficiency.Thirdly,it analyzes the capital cycle of the national student loan policy and its main influencing factors.First,based on several assumptions,a certain model is built to calculate the results of the fund cycle of the national student loan policy.It is found that the total cumulative recovery of the national student loan in 2020 exceeded its total cumulative release for the first time,indicating that the project operation does not need to invest new loan principal,and the national student loan has realized its self-cycle.Secondly,from the perspective of loan repayment rate and recovery rate,the paper analyzes the main factors that affect the fund cycle of national student loan,and finds that with the continuous decline of interest rate and the gradual extension of repayment period,the fund cycle of national student loan is more difficult to realize;The more serious the repayment default and the higher the management cost,the longer the cycle of the national student loan fund cycle.Finally,in view of the overview of the evolution of the national student loan,the measurement of the recovery efficiency of the national student loan and the multidimensional analysis of its influencing factors,and the calculation and analysis of the financial cycle of it,this thesis puts forward suggestions for promoting the effective recovery of the national student loan from four aspects: further reducing the interest rate,moderately extending the repayment period,comprehensively preventing the default and comprehensively reducing the management cost. |