The interest of the national student loan during the school period is subsidized by the government and calculated according to the actual interest after graduation.

①

During the school period, the national student loan is subsidized by the financial department at 100%;

②

Interest is paid monthly;

③

If you repay in advance at school, you need to pay back the interest that you have not paid in the current month;

④

Self-paid interest = annual interest rate ÷365× loan days in the current month;

⑤

The out-of-pocket interest after graduation is actually the same as the interest during school.

Second, how to calculate the interest on student loans?

Graduation year: September 1 Interest begins to accrue and will arrive on February 20th.11. Interest = principal (annual interest rate of the People's Bank of China for more than 5 years/360)11=?

One year after graduation: replace 1 1 1 day with 365 days or 366 days (if it is a leap year).

Third year of graduation: the interest is the same as that in the second year of graduation, and then the principal is repaid in equal amount.

From the fourth year of graduation to maturity: the repaid principal is deducted from the annual interest calculation.

You should be a student loan from the Development Bank. You can log in to the online student system of the Development Bank to inquire.

Three, how to calculate the repayment interest of the national student loan?

1. repayment time

Borrowing students will pay interest from the month after graduation 1 day (inclusive). If the borrower completes his studies, suspends his studies or is cancelled according to the regulations on student status management, he shall pay interest from 1 day following the date of handling relevant formalities. After the implementation of the credit system, the financial and academic systems discounted interest much more than normal. Borrowing students who have no financial interest subsidy due to breach of contract, the loan interest during the school period shall be paid by the college or university.

2. Under the new mechanism, can the national student loan be paid off in batches?

A: No. The loan should be paid in one lump sum.

Students who borrow the national student source credit student loan can choose to repay the loan interest in batches according to the repayment plan agreed in the contract. After two years, they will start to repay the loan interest in installments. Instead, they will apply for early repayment by repaying the principal and interest in advance, and the principal and interest of at least one contract must be paid off in one lump sum. For example, a student can repay the principal and interest of three contracts at one time, or only one or two of them, not just money.

For more information about student loan repayment, please refer to this article "National Student Loan".

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