Why should college students ＂spend ahead of time＂ on online loans, overdrafts and installment payments？
Beijing, Sept. 8 (Yang Yuqi)-Recently, the General Office of the Ministry of Education issued a notice, asking all local colleges and universities to guide students to establish the concept of financial management and financial security, promptly correct students’ wrong ideas such as ahead of consumption, excessive consumption and herd consumption, and guide students to cultivate a sense of thrift.
How do college students present their "advanced consumption"? What is affecting their consumption concept? Why have all kinds of "campus loans" become "campus hazards"?
A rich life is like a drug, you can’t stop from the beginning.
Nowadays, Cao Feng (a pseudonym) has added a lot of new clothes to his wardrobe. He wouldn’t have bought those clothes, shoes and hats that cost thousands of dollars a year ago.
Cao Feng is a college student. Since his second year in college, he likes to socialize, and his meals have gradually increased. He goes to KTV every three days and drinks on the table every five days. This kind of life has become commonplace for Cao Feng.
He has not yet set foot in the society, and the funds he relies on to survive every month are just the living expenses of 1000 yuan subsidized by his parents. His daily communication and food and clothing consumption make Cao Feng in an "overdraft" state every month.
"After reading the sophomore year, there are more and more class gatherings and student union dinners. Of course, if you want to make more friends, you should eat more with everyone." And become pay attention to dress, Cao Feng said, everyone in the dormitory wears famous brands, and if they don’t wear them, they will feel "fall in price".
Although the income and expenditure are often uneven, Cao Feng has not stopped spending money like water.
Cao Feng’s story is not uncommon in the current university campus. According to a survey of 2000 college students conducted by China Youth Daily, 77.8% of the college students surveyed believe that the phenomenon of over-consumption is common around them. "Moonlight clan" has spread all over the campus.
Low threshold campus loan: 20,000 yuan was borrowed and 60,000 yuan was paid back.
In the face of the sharp increase in daily expenses, Cao Feng did not choose to give up the current "overdraft" state, but turned his attention to the lending platform.
One day in April 2017, Cao Feng saw a loan advertisement on the computer. "That is an advertisement for an online loan platform, which probably reads slogans such as easy loan for 10 minutes and low interest." It is also this advertisement that Cao Feng began to contact online loans.
The reporter searched the online loan APP on the webpage and found that the introduction did say "the loan amount is 100,000 ~ 100,000, and the loan time is as fast as 10 minutes. With a credit card bill, you can easily borrow 100,000 yuan in 10 minutes. "
Just like the low threshold of advertising, Cao Feng’s borrowing process is very fast. Register your ID card and fill in the contact information and home address information of individuals and relatives. In less than half an hour, 1,000 yuan will be available. According to the negotiation, 1,000 yuan will be borrowed for half a year, and finally only 1,400 yuan will be repaid with interest.
The process is so simple The reporter got a similar answer after communicating with an online lending platform. The reporter said that he wanted to borrow 5,000 yuan from the institution and pay it off in half a year.
The platform person said that it is only necessary to check the credit score of Huayuan and Sesame, and said that the repayment with interest at maturity is only 5,100 yuan. Evenly spread, the interest is only a few cents a day.
Is this really the case? According to Cao Feng’s recollection, he borrowed no more than 20,000 yuan in total around last year, but he also went out with a total of more than 60,000 yuan.
He recalled his experience of being violently collected. Last year, he borrowed 1000 yuan from a certain platform, and when the payment was overdue, the other party told him to return 5,000 yuan with interest. The next day, the dunner came to the door and said that in addition to the repayment of 5,000 yuan, he had to pay another 2,000 yuan for running errands.
In this way, 1000 yuan’s principal, also 7000 yuan.
In order to repay the loan funds in time, Cao Feng had to "rob Peter to pay Paul". At the same time, he borrowed from multiple platforms to repay the funds. In this way, the "snowball" rolled bigger and bigger.
“Flower-white youth":this month is natural and unrestrained, and next month is tight.
Compared with Cao Feng, He Rui’s situation is much better. He has no contact with online loans, but is in the environment of flowers, borrowing and installment payment.
Since February last year, He Rui has opened a flower garden. He told reporters: "My Alipay page says that the available amount is 1,500 yuan, and then look at the following goods, as well as various interest-free and installment leasing businesses." He Rui thinks that interest-free is worth a try.
In this way, He Rui started a loan life. Up to now, his mobile phone still retains apps such as flower buds and borrowing buds, and his flower bud quota has also increased from the initial 1,500 yuan to the current 9,000 yuan.
Through various loan platforms, He Rui bought more and more high-priced products home. "As long as I think that I can pay in installments, I feel that I am not extravagant." He Rui said.
However, the good times did not last long. The ensuing repayment date brought He Rui’s superior life back to its original shape. "I will use the flower buds to borrow them first, and then use Baidu to pay back the flowers, and it will start again and again." He Rui said.
"In the past, I thought this kind of consumption was very good, which could provide me with more abundant liquidity. But after a long time, you will find that the funds at hand have not become abundant. If this month is better, it means that next month is important. " He Rui explained.
In fact, a similar phenomenon of credit loan has formed a trend among young people. According to the 2017 Report on Young People’s Consumption and Life released by Ant Flower Bud, among the nearly 170 million post-90s groups in China, more than 45 million people have opened flower buds. That is, on average, one in every four post-90 s uses flowers; When buying a mobile phone, 76% of young users will choose to pay by installment.
In view of this situation, Pan Helin, a postdoctoral fellow in applied economics at China Academy of Fiscal Science, analyzed that the so-called installment payment is a false concept. The wool is on the sheep, and the merchant will not be a living Lei Feng. Even if it is a low interest rate or interest-free installment payment, this part of the pricing has been included in the actual price of the product.
Excessive consumption in advance = overdraft in the future
Spending, borrowing, campus loans and other consumption patterns stimulate young people to buy in buy buy.
At the press conference held by the Ministry of Education on September 6th, Tian Zuyin, director of the National Student Financial Assistance Management Center, mentioned that in the process of carrying out student financial assistance, some college students were found to be too keen on consumption, and the "opening season" became a "burning season".
"Whether it is state funding, social donations or parents ‘ Hard-earned money ’ It’ s hard to come by, and you must know how distressed you are when you spend this money. " Tian Zuyin said that the majority of students should establish a rational consumption concept, do not blindly compare, do not covet pleasure, do not pursue luxury consumption, arrange their living expenses "within the limits of income", and be thrifty, rational and scientific.
Speaking of "campus loan", Ma Jianbin, deputy director of the National Student Financial Assistance Management Center, said that in the past two years, none of the vicious incidents caused by "campus loan" were due to the inability to pay tuition fees and living expenses at school, but more because of blind consumption in advance.
How can we keep the campus away from all kinds of unnecessary loans and put an end to the wind of luxury and enjoyment?
A few days ago, the General Office of the Ministry of Education issued a notice, requiring all local colleges and universities to focus on the risk warning education of bad online loans on campus, offer courses related to financial security, and guide students to establish financial management concepts and financial security concepts.
The Ministry of Education requires that colleges and universities promptly correct students’ misconceptions such as over-consumption, over-consumption and herd consumption, and guide students to cultivate a sense of thrift.
In Pan Helin’s view, excessive consumption in advance equals overdraft in the future. Only rational consumption in advance is socially acceptable consumption. "We need to guide consumer expectations. Consumer loans that trigger leverage and induce crimes must be regulated by economic (credit policy) and legal means." (End)