The handling bank will transfer the loan funds to the borrower's personal account, and the loan funds will be transferred from the personal account to the tuition account of the borrower's school. Student loans are credit loans, and students and their parents (or other legal guardians) are the same borrower, and both parties are responsible for repayment.

After the signing of the loan contract, if the borrower needs to change the personal account name or account number, or the borrower cannot repay the loan according to the repayment plan agreed in the loan contract due to reasons such as continuing his studies or dropping out of school, the contract can be changed upon the borrower's own application and the approval of the county-level funding center. In principle, the adjustment of the repayment plan can only be carried out within the loan period agreed in the contract and cannot be extended.

Precautions for application:

1. Frequency of signing loan contracts:

In order to standardize loan management and avoid unnecessary legal disputes, the Development Bank stipulates that student loan contracts should be signed once a year. When signing a loan contract for the first time, the borrower and the borrower must be present at the same time; When renewing the loan and signing the contract, the borrower or the borrower can handle it with the power of attorney.

From 20 1 1, the terms of the new version of the student loan contract stipulate that the borrower and the borrower authorize each other by default, and there is no need to sign a power of attorney.

2.* * * With the Borrower:

* * * In principle, the borrower is the parent or legal guardian of the borrower, and the household registration before enrollment must be consistent with the borrower's own household registration; * * * If the borrower is not a parent, he must be between 25 and 60 years old. If the borrower is over 60 years old, please change the borrower.

3. Materials required for the first application for student-origin student loan:

An application form stamped with the official seal, the borrower's and my ID card, the college admission notice (students holding student ID cards) and a copy of the above materials; I and the * * * borrower only need to produce the household registration book, without a copy; Other materials that need to be provided by the funding center. From 20 1 1, students only need to go to the university financial aid center to handle the electronic receipt online, instead of mailing the paper receipt.

Refer to the above? Baidu Encyclopedia-Student Source Credit Student Loan