In order to help college students with financial difficulties complete their studies, in June 1999, the People's Bank of China, the Ministry of Education, and the Ministry of Finance jointly issued the "Regulations on the Management of National Student Loans (Trial)" and decided to provide financial assistance to college students with financial difficulties. Student loans with subsidized interest from the state finance will be provided to poor students. Pilot projects will be carried out in Beijing, Shanghai, Tianjin, Chongqing, Wuhan, Shenyang, Xi'an, Nanjing and other cities, and will be gradually promoted when conditions are mature. After the introduction of this policy, many candidates and parents of candidates are very interested in knowing the relevant details. The following is an introduction to the loan application conditions, application procedures, recovery methods and current operations. \x0d\\x0d\1. How to apply for a student loan\x0d\\x0d\1. Application conditions National student loans are applicable to the People's Republic of China (excluding Hong Kong Special Administrative Region, Macao and Taiwan) Full-time undergraduate and junior college students who have financial difficulties in colleges and universities. Students who apply for loans at the same time should also meet the following conditions: ① Have full capacity for civil conduct (minors must have written consent from their legal guardian); ② Abide by the law and have no violations of laws and disciplines; ③ Have good academic performance; ④ Be in school The income earned during the period is not enough to cover the basic expenses required to complete the studies (including tuition fees and basic living expenses); ⑤ be honest and trustworthy; ⑥ be able to provide guarantees that meet bank requirements; ⑦ open current savings properties at the Industrial and Commercial Bank of China; ⑧ comply with the "China Other conditions specified in the Trial Measures for the Administration of National Student Loans of the Industrial and Commercial Bank of China. \x0d\\x0d\2. Application Procedure Students applying for loans should submit a loan application to their school with their valid documents within 10 days before and after the start of the new school year (loan applications should be submitted directly to the relevant departments of the school. Banks do not directly accept student applications. Personal loan application), collect the national student loan application form, the national student loan application commitment letter and other relevant materials, and fill them out truthfully. The school will review the qualifications of students applying for loans based on the difficulties of current students and the loan amount determined by the state. After submitting it to the handling bank for review and approval, the bank will sign a loan contract with the student. For some families who are particularly financially difficult and unable to Students who provide guarantees can apply for loans for extremely needy students. After the school submits the application to the student loan management department for approval, the handling bank will handle the loan procedures in accordance with regulations. \x0d\\x0d\Students applying for loans must also truthfully provide the following materials: \x0d\\x0d\① His/her valid ID card and copy (minors must provide the valid ID card of their legal guardian and written proof of consent to the loan) ) \x0d\\x0d\② Provide proof of income of main family members or other sources of income. \x0d\\x0d\③ If a natural person guarantee is used, the guarantor must provide the household registration book, valid identity document and copy, work unit, contact information, income certification materials and proof of agreement to guarantee the borrower: a corporate legal person guarantee is used If a pledge is used as a guarantee, a copy and copy of the guarantor's corporate business license, recent financial statements for the previous year and proof of agreement to guarantee the borrower must be provided; if a pledge guarantee is used, a list of pledges and pledges must be provided; if a mortgage guarantee is used, a Provide information such as a list of collateral and proof of ownership of the collateral. \x0d\\x0d\ 2. Loan amount and recovery \x0d\\x0d\ The amount of student loan is determined based on the following formula: Student loan amount = Tuition fees charged by the school Basic living expenses stipulated by the city where the person is located - Personal income (Including income provided by family, income supported by society and other sources). Among them, the maximum loan amount for tuition fees shall not exceed the tuition fee charging standard of the school where the borrowing student is located, and the loan amount for living expenses shall not exceed the basic living expenses standard in the area where the school is located. Since the tuition fee charging standards of each school and the basic living expenses standards of each region are different, the maximum amount of student loans is not exactly the same. Under normal circumstances, the annual upper limit of student loans is 8,000 yuan. \x0d\\x0d\The interest rate of national student loans is implemented in accordance with the legal loan interest rate announced by the People's Bank of China and the relevant national interest rate policies. 50% of the interest on national student loans borrowed by students will be subsidized by the state finance, and 50% will be borne by the individual student.

\x0d\\x0d\The borrowing student and the handling bank should agree on the repayment method and repayment time when signing the loan contract. The order of installment repayment should be the loan item first, repayment first, one by one. The repayment method is quarterly installments of principal and interest. The repayment time starts no later than the first year after graduation and must be paid off within 4 years after graduation. The 50% portion of the loan interest that should be personally borne by the borrowing student shall be subject to "interest paid with principal". When the loan principal is repaid, the loan interest for the same period shall be paid at the same time. Borrowing students can repay the principal and interest of the loan in advance in one lump sum or in installments after negotiating with the handling bank. When repaying a loan, the student borrower should deposit the loan principal and interest into the original current savings account before the agreed repayment date, and the handling bank will actively deduct it from the account on the agreed repayment date. If the student borrower fails to repay the principal and interest of the loan as stipulated in the contract, the handling bank will issue a reminder notice to the student borrower, investigate the liability for breach of contract in accordance with the law, and charge penalty interest. \x0d\\x0d\ Borrowing students should go through the repayment confirmation procedures with the handling bank before graduation, and re-go through the corresponding guarantee procedures according to the requirements of the handling bank. The loan guarantee method is guaranteed. If the borrower has made it clear where he will go after leaving school, he should submit to the loan bank the "Letter of Commitment to Assist the Industrial and Commercial Bank of China in Collection of National Student Loans on Schedule" issued by the receiving unit. The receiving unit will be responsible for assisting in collecting the national student loan on schedule. Collection of loans. If the borrower completes the confirmation procedures or submits the above-mentioned materials, the school may postpone the graduation procedures. \x0d\\x0d\Once the loan amount of a student borrower is determined, it generally remains unchanged during the loan term. If you request to suspend the loan midway, the borrowing student can apply to the handling bank through the school to suspend the loan disbursement. If additional loan amount is required under special circumstances, additional loan and guarantee procedures can be handled separately. \x0d\\x0d\If a student needs to transfer during the loan period, the school and the handling bank will complete the debt transfer procedures for the student loan with the school to be transferred and the corresponding handling bank, or after the student has paid off the loan. Only after the principal and interest of the loan have been paid, the school can handle the transfer procedures. \x0d\At the same time, during the period of using the loan, if the borrower violates the relevant regulations of the handling bank, the borrower commits illegal and disciplinary acts, the borrower drops out of school, drops out of school, is expelled from the school, has his student status cancelled, or uses the loan for the purpose specified in the contract, etc. , the handling bank may stop issuing loans and may require the borrower and guarantor to repay all loan principal and interest within the specified time. \x0d\ All major commercial banks in my country can apply for student loans. Students who are not extremely poor but have real financial difficulties can apply for student loans (see above for application conditions).