According to the new Measures for the Administration of National Student Loans, the borrower must repay the loan within 6 years after graduation, and the loan period shall not exceed 10 years. If the loan student continues to pursue a master's degree or a second degree after graduation, during this period, if necessary, he can apply for an extension, which requires the consent of the loan bank.

What are the advantages and disadvantages of student loans?

1. Benefits: Before students graduate, the grant loan is interest-free. Students don't need to repay the principal while they are at school, and the interest is subsidized by the government. In addition, after successfully applying for a grant loan, users still have a three-year buffer period. In the first two years after graduation, students only need to pay interest, and in the fourth year, they have to pay principal.

2. Disadvantages: After applying for a grant, the loan needs to repay the principal. The loan principal is a sum of money, which will also increase the pressure on graduates. After graduation, students face not only the pressure of survival, but also a debt. If the student fails to repay the loan on time, it will affect the student's personal credit, and the student loan information will be recorded in the credit information.