Students who default on student loans must bear the following consequences:

1. If students borrowing national student loans fail to repay in accordance with the time limit and amount agreed in the repayment agreement signed with the bank, For loans, the bank will charge penalty interest on the default repayment amount;

2. The handling bank will enter the default situation into the personal credit information basic database of the People's Bank of China for legal inquiry by financial institutions across the country;

3. Take coercive measures against defaulting borrowers who maliciously default on loans and refuse to provide housing loans, car loans and other financial services;

4. Lenders who seriously default will also bear relevant Legal liability.

Legal basis: Article 3 of the "General Principles of Loans"

The issuance and use of loans shall comply with national laws, administrative regulations and administrative regulations issued by the People's Bank of China, and shall abide by the efficiency principles of safety, security and mobility.

What are the precautions for loans in the student’s place of origin

1. Frequency of signing loan contracts: In order to standardize loan management and avoid unnecessary legal disputes, the Development Bank stipulates that the student’s origin Local student loan contracts are signed once a year. When signing the loan contract for the first time, the student borrower and *** and the borrower must be present at the same time;

2. When signing the loan contract for renewal, either the student borrower or *** and the borrower must hold the "Power of Attorney" 》You can apply;

3. *** Same as the borrower: *** The same as the borrower Pi Meipeng is in principle the parent or legal guardian of the student who borrowed the money, and the household registration must be consistent with the household registration of the student who borrowed the money before he entered school. ;

4. If the ***same borrower is not a parent, the age must be between 25-60 years old. If the ***same borrower is over 60 years old at the time of application, please change the ***same borrower ;

5. Materials required for initial application for student loans from the student’s place of origin: stamped application form, ID cards of myself and the borrower, admission notice from the university and copies of the above materials; I and ***You only need to present the household registration book of the same borrower, no copy is required; other materials need to be provided by the financial aid center.