More than half of Wall Street English students have taken out loans to pay their tuition fees. Now they cannot attend classes. Do students still need to repay their loans?

Wall Street English enrolls a large number of students, and many students even pay their tuition fees through loans from major banks. Under normal circumstances, training courses at tutoring institutions cost a lot of money. Some people cannot pay the tuition funds of tutoring institutions immediately, so these people will choose to borrow money from banks and major financial platforms.

Many Wall Street English stores in Shanghai have been closed, and students are unable to attend classes normally. However, students still need to repay loans taken out through financial platforms or banks. Students can safeguard their personal rights and interests through formal channels, and before Wall Street English officially declares bankruptcy, the company should repay part of the students' tuition fees. Students take loans from banks or financial platforms and need to repay them on time

Generally, banks will set different loan amounts according to different situations, and many people will be exposed to school loans. Some students have different family situations, so schools and banks will open student tuition loan services. Students can obtain the amount of the loan in advance, and after the students work, they can make up for the amount owed on the loan by making regular payments to the bank. In addition, students gain certain knowledge and room for improvement through tutoring institutions, but these tutoring institutions are not responsible for repaying students' loans. 52% of students still need to repay their loans themselves

With the news of Wall Street English’s bankruptcy, many students are very worried about personal tuition fees, and some have even just obtained loans through banks or financial institutions. If students have paid part of the funds in accordance with the relevant regulations of Wall Street English, they can seek help from the relevant departments and obtain part of the compensation. Before most tutoring institutions declare bankruptcy, these tutoring institutions will provide certain refund measures to students to minimize students' learning expenses. But this phenomenon does not mean that all tutoring institutions will take the perspective of students, especially companies that are about to go bankrupt. In order to protect their personal interests, companies will do things that harm the rights and interests of students.

In general, student loans through banks and financial institutions are students’ personal behavior, and these students should repay the loans they owe. If students do not receive a response and compensation from Wall Street English within the stipulated time, then students have the right to safeguard their personal legitimate rights and interests through legal and relevant departments. What's more, some students have just finished paying the money, and there are rumors of bankruptcy of Wall Street English, which will inevitably lead to a very poor learning experience for the students. Most tutoring institutions will start from a personal perspective, but ignore the overall feelings of the students.