2. According to media reports this week, the school introduced the scheme
in November last year for 49 students in an elite programme aimed at
grooming them for entry into US colleges. So far, 13 students have taken
part in the scheme. They incur a debt when they ‘borrow’ marks, and are
expected to repay it with marks scored in subsequent tests. To encourage
students to improve in their subjects, they can be charged ‘interest’ if they
do not repay their loans quickly enough. Students can also be ‘blacklisted’
from borrowing if they fail to repay their loans on time. And just like in a
real bank, the students will be given ‘credit scores’, based on their
behaviour records, school attendance and fulfilment of classroom cleaning
duties.