Loans are double-edged sword for college students
By Xinhua | China Daily | Updated: 2016-03-24 08:26
Zheng Dexing died on March 9. The college student from Henan province committed suicide after accumulating loans worth 589,500 yuan ($91,000) to pay for his gambling addiction.
Yang Bo, a junior in Southwest China's Guizhou Normal University, wanted to go on vacation to Guangdong province, so he resorted to a loan of 5,000 yuan.
"The loan makes it a lot easier to travel," Yang said. "I just pay 500 yuan or so monthly to pay it back."
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