Borrowing students apply for student loans from China Development Bank. When applying, the bank will provide students with an exclusive Alipay account, and the loan funds will be distributed to the account through Alipay platform. After the funds arrive, Alipay will transfer the funds to the school account according to the electronic receipt.

If the amount of the student loan is the same as the borrower's tuition, the system will automatically deduct it and pay it to the school, and there is no extra money.

If the loan amount exceeds the tuition fee, the rest of the student loan will remain in the borrower's Alipay account, and students can use this part of the funds as long as they complete the real-name authentication of Alipay.

If there are unavailable funds in the Alipay account of the borrowing student, it is generally the remaining funds of the student loan. If it is not cashed, it can also be used to repay the loan. When making repayment, the system will deduct the available balance first, and then deduct the unavailable funds.

If you don't know enough about the deduction of student loans, borrowing students can check the "balance income and expenditure details" through Alipay's "bill" to find out whether tuition fees have been deducted.

Second, where did all the money from student loans go?

The money from the student loan is transferred to the bank card of the student applying for the student loan, but there is generally a process. The loan will go to the finance department of the school first, and then be confirmed by the responsible teacher of the school, and checked with the class teacher, monitor and myself. Then the balance will be transferred to the lender's bank card. Student loans usually arrive around June each year 1 1, and the time varies slightly from region to region.

3. What are the conditions for student loans?

(1) application conditions

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

2. Honest and trustworthy, law-abiding;

(3) 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) that are approved to implement higher education according to the relevant provisions of the state, and graduate training units such as research institutes, party schools, administrative colleges and accounting colleges are officially admitted, and freshmen who have obtained a true, legal and valid admission notice or undergraduate, preparatory, graduate and second bachelor's degree students who are receiving higher education;

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

⑤ The family is in financial difficulties, and the income they can get is not enough to pay the basic expenses needed to complete their studies at school.