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Rising Interest Rates Increase Loan Burdens for Japanese University Students
Higher rates on loan-type scholarships may add more than ¥1 million to some repayment balances. In fiscal 2024, 51.1 percent of day-class university students received such aid from JASSO and companies.
Jul 14, 4:03 AM·1m read1 source
The Japan TimesAudio version
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Rising interest rates are leading to higher interest rates on loan-type scholarships for university students in Japan, The Japan Times reported. Higher rates on such scholarships may cause some people’s repayment balances to increase by more than ¥1 million ($6,160). The increase coincides with inflation and tuition rises, The Japan Times reported.
In fiscal 2024, which ended in March 2025, 51.1 percent of Japanese university students attending day classes received loan-type scholarships from the Japan Student Services Organization, or JASSO, and companies. The share of students receiving these loans rose from about 20 percent in the late 1990s.
It has stood at around 50 percent since fiscal 2010, according to JASSO data cited by The Japan Times.
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