611 elderly Hongkongers default on student loans, owe HK$17,400 each on average

More than 600 Hongkongers aged 60 and above have failed to repay their student loans under five government schemes funding tertiary and post-secondary studies, with the average amount owed standing at HK$17,400 (US$2,220). In a reply to questions from lawmakers on Wednesday, the Education Bureau said it had recorded 9,838 default cases involving 8,494 individuals under the five schemes as of Janua