1. High interest rate: Online loans usually charge high interest rates, especially for college students without credit background and guarantee, which are more likely to be set by lending institutions.
2. Rolling loan: After paying off the initial loan, college students may borrow again and continue to roll, forming a snowball effect of debt. This behavior leads to the accumulation of interest.
3. Lack of financial management knowledge: Many college students have insufficient knowledge of finance and lending, and are prone to high-risk lending behavior, so they cannot plan their repayment plans reasonably.
4. Consumption desire and pressure: Faced with social and consumption pressure, college students may use online loans to meet shopping and entertainment needs, but due to limited income, it is difficult to repay the loan in time.
To sum up, college students' online loan amount is small, interest rate is high, loans are rolling, and financial knowledge is lacking, which leads to a rapid increase in debt to 690 thousand. In order to avoid similar situations, college students should improve their awareness of financial management and lending, plan their consumption reasonably and try to avoid high-risk lending behavior.
Extended data:
Due to the lack of supervision and protection mechanism, there are some risks in the online loan market. The government of China has strengthened the supervision of the online loan industry and introduced a series of measures to regulate this market. College students should carefully understand the relevant policies and regulations before lending, and choose formal and legal lending institutions or platforms. At the same time, cultivating good financial habits and borrowing awareness can help them avoid getting into debt trouble.