Japan to raise income cap for higher education aid

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Japan to raise income cap for higher education aid

STORY: Japan to raise income cap for higher education aid DATELINE: April 5, 2023 LENGTH: 00:01:04 LOCATION: Tokyo CATEGORY: ECONOMY/EDUCATION SHOTLIST: 1. various of cityscape in Tokyo STORYLINE: Japan's education ministry said Tuesday that it will raise the income cap for a public financial aid plan to help pay for higher education. The move, aimed at expanding support for middle-income households with multiple children, is slated to begin in fiscal 2024. The eligibility cap will be raised to an annual household income of 6 million yen (45,512 U.S. dollars) from the current 3.8 million yen, while the number of eligible students is expected to increase by about 200,000. The plan, a combination of tuition reduction and scholarships, was included in the Japanese government's draft of "unprecedented measures" to tackle the country's declining birthrate, which was announced last week. Xinhua News Agency correspondents reporting from Tokyo. (XHTV)

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