1 Million RMB Cash Prize Given to Students who Get into Tsinghua or Peking University

1 Million RMB Cash Prize Given to Students who Get into Tsinghua or Peking University
Sep 10, 2014 By eChinacities.com

The town of Enping in Guangdong has come up with a new way to motivate its students, by setting up a reward fund for students who manage to get into the most prestigious universities in China.

The reward fund, totaling 30 million RMB will be awarded to students who gain entrance into Peking or Tsinghua University and their teachers, to be handed out according to this not at all confusing system:

The annual reward fund is 5 million. If 3 or more students get into either Peking or Tsinghua University, the fund will be increased by one million per student, then the total is divided between them; if only one student gets in, the student will receive 1 million RMB and their primary school, middle school, and high school teachers will get 600,000 RMB each, except the final year high school teacher, who will get 1.6 million RMB. Even the organisers themselves still seem relatively unsure of the final calculations.

The money is coming from a Macau business man who was born in Enping. He set up the Enping Fund to Promote Education Developmen in the hope of boosting the quality of education in the area which has apparently been declining in recent years.

Source: ifeng.com

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Keywords: Cash prizes for getting into Peking Tsinghua

4 Comments

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bill8899

It is a long shot bet.

Sep 11, 2014 20:35 Report Abuse

xerxes

instead of giving it as reward they shall design it as a scholarship and give it to the people who needed the most. they shall list top 20 universities at least where different students from different socio economic class can apply through this scholarship program. giving such big reward to teachers and student why not invest that on improving the creativity of the student and providing them with good standard of almost everything.

Sep 11, 2014 13:21 Report Abuse

Robk

This is a decent idea and all but it is funny how a country that is supposedly "socialism" and "communism" focuses on rewarding the individual rather than using the money to build better facilities and possibly attract better teachers for all the children there... Wouldn't it be better to just aid students in their education and let them find their own journey rather than HAVING to be accepted in to only those two universities? What if the kid's dream is to go to Harvard or something?

Sep 10, 2014 19:35 Report Abuse