学生贷款资产证券化设计研究—基于工资比例还款模式

The Research of Design for Asset Securitization of Student Loan—Based on Income Contingent Loan

摘要: 工资比例还款模式学生贷款是指按照自身工资的一定比例偿还学生贷款的本息的一种学生贷款。其还款现金流的特殊性一方面保障了较高的还款率，另一方面也需要适合的融资模式才能保证正常运行。资产证券化作为一种灵活、低成本的融资模式较为适用。本文主要内容是设计一款针对工资比例还款模式学生贷款的资产支持证券，一方面有利于贷款的发放机构获得流动性，另一方面也为我国资产证券化市场增添新的活力。

Abstract: The income contingent loan is a kind of student loans that students repay the loans with a certain percentage of the salaries. The special cash flows of the income contingent loan result in higher repayment rate of the loans, and require the suitable financing models in order to ensure the sustainable operation of the loans. As a flexible, low-cost financing model, asset securitization is applicable. This paper attempts to design the asset securitization of the income contingent loan. On the one hand, it is conducive for the lending institutions to obtain liquidity. On the other hand, it can re-energize the asset securitization market.

文章引用：何林, 肖嘉亮, 郭世昆. 学生贷款资产证券化设计研究—基于工资比例还款模式[J]. 金融, 2017, 7(2): 67-76. https://doi.org/10.12677/FIN.2017.72008

参考文献

[1]	Friedman, M. (1955) The Role of Government in Education. Rutgers University Press, New Jersey.
[2]	Chapman, B. (2006) Government Managing Risk: Income Contingent Loans for Social and Economic Progress. Taylor and Francis e-Library.
[3]	赵中建. 学生贷款中拖欠偿还问题的比较分析[J]. 江苏教育, 1995 (5): 79-82.
[4]	Barr, N. and Crawford, I. (1998) Funding Higher Education in an Age of Expansion. Education Economics, 6, 45-70. httpss://doi.org/10.1080/09645299800000004
[5]	李应军, 等. 大学生缴纳学费的现状调查及分析[J]. 现代大学教育, 2004 (6): 83-87.
[6]	李文利, 刘芳. 学生贷款证券化在中国的适用性探索[J]. 教育发展研究, 2006 (9): 32-37.
[7]	2015年全国研究生招生数据调查报告. 中国教育在线. https://www.eol.cn/.
[8]	麦可思研究院. 2015届毕业生签约情况报告. 2015-04.