Research On Credit Evaluation Mechanism Of Campus Loan Borrowers From The Perspective Of Information Asymmetry

In recent years,with the rapid expansion and development of campus loan business,a large number of problems have arisen.From the high default rate of campus loan platform to the bad means of debt collection,it has brought a lasting,far-reaching and harmful influence on college students' physical and mental health as well as the whole society.However,the essence of a series of problems that exist in the development of campus loan has been seldom explored.Most of them just stay in the research on the surface phenomenon analysis,then directly demand for supervision and even banning on campus loan.Such views seem to be the mainstream as regulatory authorities have laid down the rules to ban campus loan services.However,the problems and appearances of campus loan reflect the fundamental problem that the credit repayment capacity does not match the lines of credit in the development of campus loan business,so we need to start from the root to solve the problem.Under the premise of rationality and necessity of campus loan business,the key to the healthy development of campus loan business lies in finding a way to judge the borrower's credit repayment capacity and reasonably match the lines of credit.Campus loans are essentially credit activities.Traditional credit activities have formed the relatively mature practice of credit evaluation mechanism of borrowers,so it is necessary to construct credit evaluation mechanism of borrowers which is suitable for campus development loan business,solve the fundamental problems of the present campus loan through the mechanism of operation.That's beneficial to long-term development of the campus loan business.In view of this,this paper takes information asymmetry in credit activities as a breakthrough point,analyzes the principles and components of the credit evaluation mechanism of borrowers,and concludes the important role of the mechanism in the development of campus credit business.Meanwhile it selects the relevant extraterritorial experience as a conditional reference,in order to put forward some useful suggestions to the construction of credit evaluation mechanism for campus loan borrowers in our country.This paper is divided into four parts(except introduction and conclusion).It focuses on the necessity and specific path to construct the credit evaluation mechanism of borrowers in the development process of campus loan business.The first part is an analysis of credit evaluation mechanism of borrowers.This part firstly introduces the credit evaluation mechanism of borrowers,including credit theory,information asymmetry theory and transaction cost theory.The core of the borrowers' credit evaluation is to solve the problem of information asymmetry.Based on the understanding of the credit evaluation mechanism of borrowers,it analyses the significance and function of the credit evaluation mechanism to different subjects and social credit system in the credit activities,and describes its elements,including subjects,objects and operation modes.The credit evaluation mechanism of borrowers is to collect and arrange borrowers' credit information and analyze information and data by scientific and reasonable means,so as to get the corresponding credit evaluation results and apply them to credit activities.The credit evaluation mechanism of the borrowers is also indispensable for the campus loan which is substantial credit activities.The second part,from the practical point of view,analyzes the reasons that credit evaluation mechanism of campus loan borrowers is lack,is mainly including the of the traditional credit data,the lack of a strong correlation of credit data failed to be used,the lack of mandatory norms,etc.According to the earlier development situation of campus loan business in China,this part sums up the negative influences,such as the high default rate and the alienation of the risk control means,that cause by the lack of credit evaluation mechanism of borrowers combined with the actual cases.The third part summarizes the factors which can be used for the credit evaluation mechanism of borrowers in our country by examining the development experience of the student loan in the United States.The American student loan business is different from ours,which faces more to the high school students that need to afford the high tuitions and fees.However,it fully considers of college students' credit in the business,gets more credit information conducive to judge students' credit repayment capacity,and accordingly determine the lines of credit.This approach can provide an important reference for the construction of credit evaluation mechanism of campus loan borrowers in China.The comprehensive and meticulous supervision of the student loan business in the United States also reminds us that our country should pay attention to its supervision in the development of campus loan business.The fourth part puts forward the concrete conceptions of constructing the credit evaluation mechanism of campus loan borrowers.The cores of the mechanism for the mandatory use of credit evaluation results,include loan credit inquiries,the lines of credit matching with the results,setting a reasonable limit,allowing an additional second source of repayment and other means,while clearly confirm the corresponding responsibility system in order to ensure the operation of the mechanism.The operation of the mechanism also depends on the establishment of the university student credit information database and requires the system of compulsory disclosure of the information of the loan transaction.Based on the basic construction of credit evaluation mechanism of campus loan borrowers,it puts forward a preliminary idea to open the campus loan business,and reintroduce the business developing in markets in the premise of perfect supervision and the operation of the mechanism.