What Is a Funding Agreement?

According to the regulations for the administration of public study abroad, the national public study personnel (Party B) must sign the Agreement on Funding Study Abroad (hereinafter referred to as " Agreement ").

Signing and notarization of the "Agreement on Funding Study Abroad"

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According to the regulations for the administration of public study abroad, the national public study personnel (Party B) must sign the Agreement on Funding Study Abroad (hereinafter referred to as " Agreement ").

The Agreement must be notarized.

Nationally-sponsored overseas students should complete signing, notarization, and payment of security deposits before receiving the visa and air ticket from the country.

Chinese name

Signing and notarization of the "Agreement on Funding Study Abroad"

Place

Signing contract for overseas students

Nature

Signing and notarization measures

Explain

The party C guarantor must be two

Details

I. Requirements for signing and notarizing the Agreement

In order to facilitate the signing of overseas students, Party A has signed and sealed the Agreement. When signing and notarizing the Agreement, the overseas student should bring two guarantors (Party C's first guarantor and Party C's second guarantor) to the scene at the same time and fill out the Agreement in the presence of a notary The underlined part (that is, ______) must not be omitted or filled in by mistake.

2. Place for notarization of the Agreement

(1) Students studying in Beijing will go through the notarization of contract signing at the Beijing Chang'an Notary Office. The address of Chang'an Notary Office is: 7th Floor, Block B, Capital Building, No. 6, Chaoyangmen North Street, Dongcheng District, Beijing, China. Tel: omitted, Zip code: 100027;

(2) Students studying abroad outside Beijing handle notarization of contract signing at local provincial and municipal notary offices. The provinces, autonomous regions, municipalities directly under the Central Government's Education Department (Education Committee), and the Ministry of Personnel of the State Study Abroad Fund-accepting institutions to study abroad should accept necessary guidance and advice.

Third, the guarantee method

Regarding the guarantee of the Agreement, the Ministry of Justice issued the Notice of the Notary Office on the Guarantee Issue of the Agreement on Funding Study Abroad in September 1997. At present, the guarantee method for overseas students generally chooses joint liability guarantee.

Conditions of the Guarantor

Party C's guarantor as mentioned in the "Agreement for Funding Study Abroad" must be two persons. Party C guarantor shall meet the following requirements:

(1) Citizens aged 18 to 55 who have full capacity for civil conduct;

(2) It has the ability to pay on its behalf;

(3) The property on which the guarantee is based must be property that the guarantor can dispose of according to law.

Legal persons, other organizations, the spouse of Party B, and persons who are going to go abroad for a long time shall not be the guarantors referred to in this agreement.

The solvency means that the guarantor has personal property or stable income suitable for the amount of the guarantee. The guarantor should provide bank deposits or proof of formal work and a stable source of income, proving that it has the ability to settle debts on its behalf.

When notifying Article 8 of the Agreement, if two party C guarantors choose to use fixed salary income as guarantee, they should present to the notary department a certificate of fixed work and stable source of income issued by the personnel department of the unit; if they choose to use a bank As a guarantee for deposits, a bank deposit certificate with the corresponding amount of guarantee (that is, the original deposit slip) should be presented, so that the notary department can check the guarantor's credit status and solvency on his behalf.

Any guarantee in the name, reputation, or credibility, or the absence of blanks, will be considered invalid; any failure to fill in or incorrectly will affect the processing of public dispatch abroad and make it on time!

V. Guarantee amount

Regarding the financial guarantee amount of Party C's guarantor, refer to the following table for the average standards of funding for public study abroad. The guarantor should bear the difference after the deposit of the retained students (ie: guarantee amount = funding standard-guarantee amount). The total amount of the guarantee amount of Party C's first guarantor and the second guarantor plus the amount of the deposit paid by the student studying abroad should meet the funding standard. At present, the average funding standards for public education abroad are roughly:

currency: RMB

Duration of study	First class country	Tier 2 countries
Four years	550,000	400000
Three years	410,000	300000
Two years	280,000	200 thousand
One and a half years	220 thousand	150000
One year	150000	100,000
Half a year	80000	50000
Three months	50000	40000

(Note: Because national scholarships for public scholarships vary from country to country, the actual funding costs are based on the National Public Scholarship Expenses formulated by the Finance Department of the Ministry of Education.)

Six, notarization of the "Protocol"

Six copies of the notarized "Agreement": one for each of Party A, Party B, and two Party C guarantors, one for the notary office and one for the selection unit. A copy to be submitted to the Study Abroad Funding Committee (Party A), which will be sent to the relevant study abroad service center or training department of the Ministry of Education when they receive visas and air tickets before going abroad.

Six copies of the Notarized Agreement for the Western Project: Party A, Party B, and Party C guarantors, one copy from the notary office, and one from the Education Department (Education Committee) Serving. A copy to be submitted to the Study Abroad Funding Committee (Party A), which will be sent to the relevant study abroad service center or training department of the Ministry of Education when they receive visas and air tickets before going abroad.

Individuals who have not passed the study abroad service center or the training department must send a copy of the notarized Agreement to the Legal Affairs Department of the Secretariat of the National Study Fund Management Committee.