1 in every 5 college students in debt: data
Social affairsAug 5, 2013
One in every five college students in South Korea owes banks heavy debts to pay off their school fees and meet living expenses, data showed Monday, amid the government's push to ramp up financial support for the troubled young group. The portion of students who have taken out a loan from local financial companies for school and living expenses stood at 20.4 percent, according to a survey by the Financial Services Commission (FSC), the country's top financial regulator. The poll was based on indi