According to the "Regulations on the Administration of National Student Loans", there are corresponding provisions: Article 21 The principal and interest of loans borrowed by students must be paid off within four years after graduation. In order to ensure the recovery of the national student loan, students must reconfirm or change the loan contract with the handling bank before graduation, and go through the corresponding guarantee procedures. After this procedure is completed, the school can go through the graduation procedures for students. Borrowing students can not repay the loan principal and interest on schedule, according to the relevant provisions of the People's Bank of China, penalty interest.
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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 colleges and universities in China and increase the financial aid for students from poor families in colleges and universities under the conditions of socialist market economy. The national student loan is a bank loan led by the government, with financial subsidies and certain risk compensation from the finance and universities. It is jointly operated by banks, education administrative departments and universities to help students with financial difficulties 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. Borrowing students apply for loans from the bank through the school to make up for the lack of expenses during their school days and repay them in installments after graduation. 20 12 On August 8th, the new student loans of the Development Bank will exceed1200 million yuan.
2065438+On July 20th, 2005, the Ministry of Education and other departments jointly issued "Several Opinions on Perfecting the National Student Loan Policy". According to the Opinions, in order to effectively reduce the financial burden of borrowing students, the longest loan period is extended from 14 years to 20 years, and the grace period for repayment of principal is extended from 2 years to 3 years. The loan interest of students during their studies will be fully subsidized by the government.
On July 2 1 2020, the Ministry of Education, the Ministry of Finance, the People's Bank of China and the Insurance Regulatory Commission of the Bank of China jointly issued the Notice on Adjusting and Perfecting the Relevant Policies of National Student Loans (J.J.F.F. [2020] No.4), clearly proposing to adjust the relevant policies of student loans from three aspects: grace period for repayment, loan term and loan interest rate.