Student-origin student loans begin to bear interest in September of the year when students graduate.
The national student source credit student loan refers to the counties (cities, districts) where the National Development Bank handles eligible freshmen in ordinary colleges and universities before they enter school and where their household registration is located.
Student loans are credit loans, and students and their parents (or other legal guardians) are * * * the same borrower, * * *
Financial institutions of student-origin credit student loans are mainly undertaken by China Development Bank, and other banking financial institutions are encouraged to carry out this business. The specific undertaking bank shall be determined by the local finance, education, banking supervision departments and the state.
Second, how long does it take to calculate interest on student loans after graduation?
Interest will be calculated in September of the year of graduation. For example, I graduated in June 2020 and began to calculate interest in September 2020. The method of calculating interest is to calculate interest by day and by year. Suppose your loan expires in September 2024: 1. If the repayment interest is less than one year, the interest will be calculated on a daily basis. For example, September-65438+February of graduation year is less than one year, during which interest is calculated on a daily basis; The last year, that is, 65438+10-September in 2024, is also less than one year, and the interest is also calculated on a daily basis; 2. When the repayment interest expires, the interest shall be calculated on an annual basis. That is, from 202 1 to 1 to 2023, the interest will be calculated annually. If a student can pay off the principal immediately after graduation, that is, before September 1 of the graduation year, no interest will be generated. The student loan stipulates that students will repay the principal and interest from the fourth year of graduation (the first year of graduation), and the repayment date of the principal is the same as that of the interest. If you continue to study for a degree during the repayment period after graduating from college, such as continuing to study for a graduate student after graduating from college, you can temporarily not repay the loan and apply to the county-level funding center in time and provide relevant written proof. After passing the postgraduate examination, you can continue to enjoy financial discount during your study at school. The principal of the student loan needs to be paid off within five years after graduation at the latest, which can be paid off in advance or on schedule. According to the cumulative interest method, the national student loan will receive interest on an annual basis according to the actual number of days. The value date is the loan issuance date of Development Bank, and the interest settlement date is 65438+ February 20th every year (the interest settlement date of the last loan year is September 20th). The calculation method is as follows: interest = cumulative interest product x daily interest rate, where daily interest rate = annual interest rate-360; Accumulated interest product = total daily balance. If the repayment is not made within the agreed time limit, default interest will be charged according to the actual overdue amount and the number of overdue days, and the default interest rate will be 130% of the normal loan interest rate, excluding compound interest. The repayment period of national student loans is different, and the calculation method of repayment interest is also different, but in general, this calculation method is suitable for the calculation of repayment interest of national student loans and student-origin student loans.
3. When does the student loan start to bear interest?
Generally, interest will begin to accrue from July 1 of the year of graduation, but students who have graduated from university or admitted to graduate school can apply for an extension, and they can still enjoy national preferential treatment during their stay at school until they leave school.
4. When does the student loan count as interest?
After graduation, interest will be calculated from September. Because loan students usually start school in September, regardless of the application for 4 years, 5 years or even longer, the loan will end in September. Therefore, the repayment interest in the first year after graduation is calculated from September 1 year to February 20 18, with a period of 8 1 day, and the interest is calculated according to the number of days.
After that, the interest is calculated on an annual basis, and the repayment interest in the last year is less than one year. Interest is calculated from 65438+February 2 1 to-September 20, and interest is also calculated on a daily basis.