Source| Fueling Finance (ID:rancaijing)
Author | Tang Yahua
Edit | Wei Jia
Title Map | Vision China
Educational institutions run every year, and this year is particularly large.
Online English learning platform “Langbo.com” is caught in arrears; the live-action online piano training organization is suspected of running on the piano; the online tutoring platform, one-on-one and one-on-one, have stopped operating, and still There are unpaid teacher salaries and student tuition fees; in October this year, the veteran English-language institution “Weibo English” was suspected of running, involving nearly 10,000 students, and the news of over 100 million yuan pushed the industry issue to a high point. .
The root cause of these institutions is the break of the capital chain, and education lending has increased this risk. When a user reports a class, the salesperson often persuades the instalment as a bait. Once the contract is signed, the student needs to repay the financial institution on time every month, and the financial institution will lend the loan to the educational institution.
This is a tool to lower the threshold of user decision-making and increase the sales conversion rate of educational institutions. However, many training institutions are unable to block the temptation of cash flow caused by huge prepayments, and use it for other purposes, such as expanding new stores or trying In the new business, once the setback is frustrated, the capital chain will break and the students will not be able to repay the loan on time.
After the educational institutions exploded, the financial institutions behind the lending also surfaced. For example, Weibo English involved Jingdong White Bar and Baidu. Some students questioned that they had opened an education loan without knowing it. The financial institutions did not fulfill their audit obligations, and there was a collusion between the financial institutions and the educational institutions. The educational institutions would return to the financial institutions.