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How to pay the deposit for studying abroad
Q: After the implementation of the new policy of studying abroad at public expense, it is said that the students who are admitted need to pay the corresponding deposit. A: The new policy of studying abroad at public expense follows the new selection mechanism, implements the spirit of management according to law, and implements measures such as paying deposit, signing and dispatching, and compensating for breach of contract. Those who are admitted to study abroad at public expense must sign a study abroad agreement with china scholarship council, and pay a study abroad deposit of 1 10,000 to 40,000 yuan according to relevant regulations (see the attached table for different periods of going abroad and different amounts of deposit sent abroad). The deposit shall be deposited in a designated financial institution. The National Scholarship Fund Committee will refund all the principal and interest of the deposit to those who return to China on schedule. In addition, in order to ensure the effective implementation of the study abroad agreement, each national study abroad fund applicant must also have two financial guarantors. As a guarantor, you must be able to bear the financial responsibility that students who break the contract should bear. For those who break the contract, economic penalties shall be imposed according to the relevant provisions of the agreement. In addition to full compensation for the cost of studying abroad, the defaulter must also pay liquidated damages (see the attached table for the proportion standard of liquidated damages). When the defaulter uses the deposit paid before going abroad to offset part of the compensation expenses for studying abroad, he or his economic guarantor must also compensate the insufficient part of all the funding expenses and a certain percentage of liquidated damages.