In 223, the national student loan is interest-free and the principal can be deferred

Recently, the the State Council executive meeting decided to continue to implement the policy of interest-free and deferred repayment of the national student loan. Recently, the Ministry of Finance, the Ministry of Education, the People's Bank of China and China Banking and Insurance Regulatory Commission issued the Notice on Doing a Good Job in Interest-free and Principal Delay Repayment of National Student Loans in 223. The Notice points out that the national student loan interest that should be repaid by loan students who graduated in 223 and previous years will be exempted. According to the national student loan discount policy, the exempted interest will be borne by the central finance and local finance respectively. For the national student loan principal that should be repaid in 223 by the loan students who graduated in 223 and before, the repayment can be postponed for one year upon the independent application of the loan students. According to the relevant regulations, the term of the student loan is no longer than 22 years, and the deferred loan does not include penalty interest and compound interest, and the risk classification will not be lowered for the time being. The national student loan undertaking bank shall submit the credit information according to the adjusted loan arrangement, and those that have been submitted shall be adjusted.