If there is interest, although you don't need to pay interest during school, you need to pay interest after graduation.

First, the definition of national student loans

The national student loan is a credit student loan led by the government and provided by financial institutions to students with financial difficulties in colleges and universities, which is used to help solve the tuition and accommodation expenses of students during their school days. The national student loan interest rate shall be based on the benchmark interest rate of the same grade published by the People's Bank of China in the same period, and shall not rise. The national student loan interest of the loan students during their school days is paid by the finance, and the interest after graduation is paid in full by the borrower. In order to encourage financial institutions to undertake national student loans and establish a loan risk sharing mechanism, finance (universities) will give certain risk compensation to the handling banks. The national student loan is a credit loan. Students do not need to apply for loan guarantee or mortgage, but they need to promise to repay the loan on time and bear relevant legal responsibilities. According to the different application places and work processes of students, national student loans are divided into two modes: national student loans in schools and credit student loans in students' places of origin. Full-time college students are not allowed to apply for national student loans and student-origin credit student loans repeatedly in the same academic year, and they can only choose to apply for one of them. In principle, full-time graduate students apply for national student loans on campus.

Second, you need to pay interest after graduation.

1. During school: the national student loan enjoys the financial discount policy, and the borrowing students do not need to pay interest. If they are undergraduates or undergraduates, they don't need to pay interest as long as they apply for loan extension.

2. After graduation: After graduation, students need to start paying interest. There is usually a two-year grace period after graduation. During this period, students only need to pay interest, and they need to repay the principal and interest from the third year.

Reminder: the national student loan has interest, but the interest is free during students' study, and interest is charged only after graduation. It is undoubtedly wrong to understand the national student loan as an interest-free loan.

Third, the calculation of interest expenses after graduation

After graduation, according to the contract, the benchmark interest rate of RMB loans of the same grade in the same period announced by the People's Bank of China will be implemented, and it will not rise. Therefore, the current loan interest rate is:

1. Loan within six months (including six months): the interest rate is 4.35%.

2. Loans for six months to one year (including 1 year): the interest rate is 4.35%.

3. Loans for one to three years (including three years): the interest rate is 4.75%.

4. Loan for three to five years (including five years): the interest rate is 4.75%.

5. Loans for more than five years: the interest rate is 4.90%.

The annual loan interest of loan students is: unpaid amount * loan interest rate; If the loan is less than one year, interest will be calculated according to the loan days, unpaid amount * loan days * loan interest rate /360.

Is there interest on student loans?

I have no interest in school. When I say no interest, I mean that the loan has no interest, but the interest generated by the loan is paid to the lender by the state subsidy, and students do not have to pay it. After graduation, that is, after leaving school, even if interest is paid, it will be paid by the individual at the benchmark interest rate after graduation.

If the repayment is delayed after graduation, it will generate a lot of interest. The interest after graduation will be shared by the students and their parents (or other legal guardians). Naturally, it is best to pay off as soon as possible. After all, paying off as soon as possible will generate less interest.

Student loan interest rate: 1, within six months (including six months) 6.10%; 2, six months to one year (including one year) 6.56%; 3, one to three years (including three years) 6.65%; 4, three to five years (including five years) 6.90%; 5, more than five years 7.05%.

Not everyone can enjoy student loans. Applicants must have full capacity for civil conduct, be honest and trustworthy, abide by the law, be full-time undergraduate colleges, higher vocational schools and junior colleges (including private colleges and independent colleges, the list is subject to the announcement of the Ministry of Education) approved to set up and implement higher education according to the relevant provisions of the state, and obtain a true, legal and effective admission notice.

Interest is calculated from the 1 day of the month following the student's graduation certificate. The interest rate of student loans is consistent with the benchmark interest rate of the same grade published by the People's Bank of China in the same period. Interest = principal * annual interest rate. For example, the principal of the student source loan is 6,543,800 yuan, and the interest is 6,550 yuan at the annual interest rate of 6.55% after graduation.

The national student source 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 (city, district) where the students are registered before entering school.

The applicants of the Student Source Credit Loan of China Development Bank (hereinafter referred to as Student Source Loan) are students from poor families whose household registration is in the provinces and cities where the Student Source Loan has been opened. Students and one of their parents (legal guardian) form a student loan co-borrower.

The object of student loan support must meet the following conditions:

1. has People's Republic of China (PRC) (China) nationality;

2. Honest and trustworthy, law-abiding;

3. Freshmen or college students who have been formally admitted to full-time ordinary colleges and universities, higher vocational schools and institutions of higher learning approved to set up and implement higher education according to relevant state regulations, and have obtained a true, legal and effective admission notice;

4. Students' pre-school household registration and their parents' (or other legal guardians') household registration are in this city, county (city, district);

The family is in financial difficulties, and the income they can get is not enough to pay for the basic expenses needed to complete their studies when they were students.

Is there interest on the student loan for college students?

According to the national student loan policy, students who apply for this loan do not need to pay interest during their normal study at school, but they need to bear the loan interest from September 1 of the graduation year.

The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and shall not rise. The current annual loan interest rate is: one to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.

It is reported that the national student loan adopts the cumulative interest-bearing method, and the interest is calculated on an annual basis according to the actual number of days.

Product interest method formula: interest = accumulated interest product × daily interest rate.

Among them, accumulated interest product = total daily balance of the account.

The value date is the loan issuance date of the Development Bank, and the interest settlement date is 65438+February 20th every year (the interest settlement date of the last year of the loan is September 20th).

The interest rate of student-origin credit student loan is the benchmark interest rate of the same grade announced by the People's Bank of China in the same period, and shall not rise. The interest of students during their school days is fully subsidized by the financial department, and the interest after graduation is shared by the students and their parents (or other legal guardians).

National student loan interest

1 Interest on student loans of China Development Bank

First, the National Development Bank student loan interest is divided into the following two situations:

1. The interest of the interest-free student loan of China Development Bank during the school period is borne by the state during the student's study period, that is, there is no need to bear interest during the school period.

2. charge interest after leaving school. After graduation, the one-time repayment is interest-free, and the installment repayment needs to pay interest. The longest repayment period of student loans is longer than that of national student loans. To put it bluntly, the total principal and interest is larger than the student loan, and the repayment pressure is heavier than the national student loan.

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

This fund is mainly used for students to pay tuition and accommodation during their school days. Student-origin credit student loan is an important part of national student loan.

Two, the National Development Bank student loan interest calculation method:

For loans within six months (including six months), the annual interest rate is (%)5. 10.

For loans from half a year to one year (including 1 year), the annual interest rate is (%)5. 10.

For loans of one to three years (including three years), the annual interest rate (%) is 5.50.

The annual interest rate of loans for three to five years (including five years) is 5.50%.

The annual interest rate of loans over five years is 5.65%.

2. The college's student financial aid policy

Who can apply for a national student loan?

Full-time college students (including vocational college students), second-degree students and graduate students with financial difficulties can apply for national student loans from the handling bank through the Student Financial Assistance Office of our school.

How many national student loans can students apply for on campus each academic year?

According to the relevant provisions of the national student loan policy, the loan amount per student per academic year should be the difference between the total income of the students (including financial assistance from family, relatives and other channels) and the sum of tuition fees, accommodation fees and basic living standards stipulated by local authorities. The maximum annual loan amount for junior college students does not exceed 8000 yuan, and the maximum annual loan amount for graduate students does not exceed 12000 yuan.

How is the national student loan interest rate stipulated on campus?

The campus loan interest rate of national student loans shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies. In case of interest rate adjustment, it shall be implemented in accordance with the relevant provisions of the People's Bank of China.