they can’t pay off the debts in time, why can’t they contact the bank and explain the situation? The fact is that they are lacking in basic manners.

People with a bad credit record have to pay the price for their actions. Some argue that by exposing their personal information, including ID numbers, banks are infringing up debtors’ rights to privacy. But in the first place, the students have already breached the loan contract. Moreover, what better method is there for banks to get their money back? When their personal information is exposed to the public, the defaulters will realize the importance of sound credit. This punishment for student loan defaulters can also serve as a warning to other credit defaulters.

Zhu Zhengwei (www.chinavalue.net): The student loan constitutes part of the state’s assistance program for impoverished college students, but it is not policy welfare. Students who benefit from this policy must abide by the repayment regulations and try to set good examples for those who follow.

China is moving toward a market economy and such an economic system is based on sound credit and commitment. Those who benefit from the student loan policy are supposed to safeguard this helpful policy by keeping their promise.

Commercial banks need a strong system to protect their own rights and interests. College students who default on or even refuse to pay off student loans is related to the credit system in a market-oriented economy. Whether or not the problem of loan defaulting can be solved will tell us to what extent we can get on with the market economy transformation.

Hao Binbin (National Business Daily): It’s only natural that those who take out loans should repay their debts. The state’s student loan policy helps some students to finish their college education, but lenders have no obligation to support the students. The relationship between the banks and the students is based on the loan contract.

To repay a student loan is a reflection of sound credit management. For a college graduate, credit is part of life. Some college students believe that even if they do not repay their debts, there will be no negative impact on their lives, work and future careers. As far as these people are concerned, the blacklist is an effective way to enhance their sense of credit.

Guang Yan (www.southcn.com): China is trying to establish a sound social credit system, but there is too little punishment for the lack of credit, including the exposure of cases of discredit. Generally speaking, as long as it is conducted within the legal framework, it’s acceptable to expose the information of student loan defaulters.

After graduation, college students should have some degree of financial independence. Student loans helped them through college education, so it’s their duty to repay the debts. If they do have difficulty repaying on time, it’s necessary for them to make special arrangements with lenders to get a deferment or forbearance. As long as the students have a sincere heart and sound credit, there are many ways to deal with the issue. As a group that has received a higher education, college graduates are supposed to thoroughly fulfill their obligations and take due responsibility, instead of adding the loan issue to their bad credit record.

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Editor: Yao Bin