Different from the monthly repayment of medium and long-term loans, student-origin student loans are repaid once a year, and the annual repayment time is before 65438+February 20, and the interest settlement date of the last year is September 20. Student loan interest is the annual interest calculated according to the actual days. The student loan interest is calculated according to the benchmark interest rate, and the interest rate does not rise.
Extended data:
According to "Several Opinions on Improving the National Student Loan Policy":
(2) The longest loan period is extended from 14 to 20 years. The term of the national student loan in the original campus is the academic system plus 6 years, and the longest is no more than 10 years. The term of the student-origin credit loan is 14 years, and the longest is 14 years.
It is now uniformly adjusted to the academic system plus 13 years, with a maximum of 20 years. When the borrower graduates or terminates his studies, he shall confirm the repayment plan with the handling bank and agency, and the repayment period shall be implemented according to the contract signed by both parties.
(3) The grace period for repaying the principal is extended from 2 years to 3 years. Borrowing students who do not continue to pursue their degrees in the year of graduation may choose to use grace period to repay when confirming the repayment plan with the handling bank.
Students who borrow money during the grace period only need to repay the interest, not the loan principal. The grace period for repayment of principal is extended from 2 years to 3 years. The grace period for repayment of principal begins with the confirmation of repayment plan.
Calculated to the end of the 36th month after the borrower graduates. Borrowing students who continue to pursue their degrees during the repayment period can still enjoy a grace period of 36 months after graduation.
(D) the establishment of national student loan repayment relief mechanism. Provincial student financial aid management departments and universities should make rational use of the national student loan risk compensation balance reward funds, social donation student funds or student scholarship funds.
Establish a national student loan repayment assistance mechanism to help students with particularly difficult graduation loans. For graduates who have lost their ability to work due to illness, their families have suffered from major natural disasters, their family members have suffered from major diseases, and their economic income is particularly low.
If it is really impossible to repay the loan on time, you can apply to the agency for assistance and provide relevant written proof. After verification by the institution, the rescue mechanism can be started to compensate the principal and interest.
Baidu Encyclopedia-Student Source Credit Student Loan
Ministry of Finance-Some Opinions on Perfecting the National Student Loan Policy