The nature of national student loans is commercial loans. The national student loan is a credit loan. Students and parents are the same borrower, and both have the responsibility to repay. Students should avoid overdue when the national student loan is connected to the personal credit information system of the People's Bank of China.
The national student loan is a student loan issued by the China Development Bank and other financial institutions to eligible college freshmen and students with financial difficulties. It is handled at the place where the students are registered before entering school.
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 ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy.
Borrowing students apply for loans from the bank through the school to make up for the lack of tuition, accommodation and living expenses during their studies at school, and repay them in installments after graduation. 1999 since the implementation of this measure, more than 400 billion yuan of student loans have been issued to help more than 20 million students from poor families. ?
administrative laws and regulations
1. The national student loan is applicable to full-time undergraduate students who are in financial difficulties in institutions of higher learning (hereinafter referred to as schools) in People's Republic of China (PRC) (excluding Hong Kong Special Administrative Region, Macau and Taiwan Province Province).
2. The national student loan is an important form to help students with financial difficulties pay their tuition and daily living expenses during school, support education by financial means, and help students with financial difficulties complete their studies.
3. China Industrial and Commercial Bank is a national student loan handling bank approved by the People's Bank of China. The specific measures for the administration of national student loans shall be formulated by the Industrial and Commercial Bank of China and implemented after being approved by the People's Bank of China.