There are two types of national student loans: 1, national student loans, and 2, student source credit student loans. The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy.

government-subsidized student loans

The national student loan is a bank loan led by the government, subsidized by the government, and operated by banks, education administrative departments and universities to help poor students in colleges and universities. Borrowing students do not need to apply for loan guarantee or mortgage, but they need to promise to repay on time and bear relevant legal responsibilities.

Commercial credit loan

Student-origin credit student loan refers to the student loan issued by the National Development Bank to eligible freshmen and students with financial difficulties, which is handled in the county where the students are enrolled before entering school.

The loan funds are mainly used for students to pay tuition and accommodation during their school days, and the student-origin credit student loan is an important part of the national student loan.