What is the national student loan? What is the main purpose?

The national student loan is a bank loan which is led by the government, subsidized by the finance, and compensated by the finance and universities at certain risks, and jointly operated by banks, education administrative departments and universities. Help students from poor families in colleges and universities pay for tuition, accommodation and living expenses during their studies.

The national student loan is a credit loan. Students do not need to apply for loan guarantee or mortgage, but they must promise to repay on time and bear relevant legal responsibilities. After receiving the letter of admission, students can consult the school to handle the national student loan. After students report to the school, they can apply for national student loans from financial institutions through the school.

What is a student loan? What's the difference between it and the national student loan?

Student-origin credit student loans are applied by students or their legal guardians to rural credit cooperatives, banks and other financial institutions where their families are located. There is no need for guarantee or mortgage, but it is necessary to promise to repay the loan on time and bear relevant legal responsibilities.

In 2007, the state launched student-origin credit loan business in Jiangsu, Hubei, Chongqing, Shaanxi, Gansu and other provinces and cities. At present, the relevant departments are studying and formulating ways to further expand the coverage of student-origin credit loan. Students can consult the local county-level education administrative department for specific matters concerning the handling of student-origin credit student loans.

In a big way, the national subsidized student loans during school are all national student loans. The student loan applied for in colleges and universities is called college student loan, and the student loan applied for by the bank where the household registration is located is called student loan. There is no difference between them. In the end, it is to help students from poor families solve their tuition and accommodation expenses. You can apply before and after school. Students admitted to colleges and universities in this province mainly recommend student loans.

How many national student loans can a student apply for each academic year?

According to the relevant regulations, in principle, the maximum per person per academic year is no more than 6000 yuan. So is the student loan.

Which universities have carried out the work of national student loans:

Public full-time colleges and universities should actively implement the national student loan policy and cooperate with students from poor families in colleges and universities to handle national student loans. In addition, some private colleges and universities have launched national student loans, and students should pay attention to the relevant instructions in the school enrollment brochure or admission notice.

Which students can apply for national student loans:

The recipients of the national student loan are full-time undergraduate students (including vocational college students), second-degree students and graduate students with financial difficulties in People's Republic of China (PRC) (excluding Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan Province Province).

How do students apply for student loans? What about student loans?

Students must apply for a loan from the bank through the school after the start of the new school year (the specific time is clearly stipulated by each school), and the bank does not directly accept students' personal loan applications. In principle, the handling bank accepts an application for a national student loan once a year.

Students' credit student loans are applied, approved and issued on an annual basis. Before the start of the new semester, students apply for loans from the county (city, district) student financial assistance management center where their families are located. The county-level student financial assistance management center is responsible for the qualification examination of the applications submitted by students. The bank is responsible for the final approval and issuance of loans.

What are the requirements for applying for a national student loan? What about student loans?

(1) Undergraduate students (including vocational college students), second bachelor's degree students and graduate students with financial difficulties;

(2) Persons with China nationality and 16 years of age or older must hold Chinese identity cards;

(3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians);

(4) Honest and trustworthy, law-abiding, no illegal behavior;

(5) study hard and be able to complete their studies normally;

(6) Due to the family's financial difficulties, the funds that I and my family can raise are not enough to cover the basic expenses of their study and life during their study.

The application conditions for student-origin student loans are the same as above, and one item is added:

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

Materials required for applying for national student loans:

1. Apply for a national student loan;

2. Copy of my student ID card and ID card (minors must provide valid identification of legal guardians and written consent to apply for loans);

3. I explain the family's financial difficulties;

4 township, town, street civil affairs departments and county-level education administrative departments to identify their family financial difficulties. The students themselves shall bear legal responsibility for the authenticity of the certification materials provided by them.

5. Other supporting documents and materials required by the bank or school.

How long is the repayment period of the national student loan?

Loan students should start to repay the loan principal within 1-2 years after graduation and pay off the loan principal and interest within 6 years. The state encourages loan students with good income after graduation to pay off the loan principal and interest in advance. The loan contract signed before August 2004 (including graduate repayment agreement) generally stipulates that the loan student will pay off the loan principal and interest within four years after graduation.

What's the interest rate for student loans?

The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies. In case of interest rate adjustment, it shall be implemented in accordance with the relevant provisions of the People's Bank of China. The same is true for student-origin student loans.

How does the state finance subsidize the interest on student loans?

The student loan interest of the loan students during their study in school is all subsidized by the financial department and paid directly to the handling bank by the relevant departments. The interest of the loan student after graduation shall be paid in full by the lender himself. In case of repayment default, the resulting penalty interest must be fully borne by the lender himself.

For the students who signed the loan contract before August 2004, the interest during the school period and after graduation until the final repayment shall be borne by the financial department and the students themselves.

The interest on the student loan from the student source is fully subsidized by the finance, and the interest after graduation is shared by the students and their parents (or other legal guardians).

What should I do if I don't need a loan halfway?

◇ How do borrowing students who transfer to other schools apply for national student loans?

The second step: the preliminary examination of the school

Auditing principle: School institutions organize students to apply for loans and accept student loan applications within the annual loan quota and control ratio issued by the National Student Loan Management Center.

School preliminary examination

School institutions shall examine the qualifications of the national student loan application materials submitted by students, and be responsible for their completeness, authenticity and legality. The preliminary examination will be completed within 20 working days after receiving the application for student loan.

After the completion of this work, the school organized a five-day publicity and corrected the problematic application.

After the initial examination is correct, the school institution will confirm the qualified loan application and affix its official seal within 10 working days, inform the students of the audit results, and prepare the National Student Loan Audit Information Form.

Step 3: Bank approval

Bank approval

The handling bank shall complete the signing work within 15 working days after receiving the loan contract and iou submitted by the school, and deliver the signed loan contract to the school institution within 5 working days. The school institution will return the loan contract and IOU to the borrower for safekeeping within 5 days after receiving it.

Who will examine and approve the national student loan application?

The relevant departments of the school are responsible for the qualification examination of the national student loan application submitted by the students, and checking the authenticity and completeness of the materials submitted by the students; The bank is responsible for the final examination and approval of student loan applications.

Step 4: Sign the contract.

After the loan application is approved, the school will organize students to fill in, sign loan contracts and IOUs within 10 working days according to the loan student roster provided by the handling bank, and submit them to the handling bank.

Sign a contract with the handling bank

The handling bank shall complete the signing work within 15 working days after receiving the loan contract and iou submitted by the school, and deliver the signed loan contract to the school institution within 5 working days.

How to sign a national student loan contract with the handling bank?

After the student loan application is reviewed by the school and approved by the bank, the school will organize students to fill in, sign loan contracts and IOUs. The school shall promptly notify the parents or legal guardians of the loan student's application or loan information.

Step 5: issue loans.

The bank will handle a debit card or current passbook for each student.

How to issue national student loans?

The national student loan is in the form of one application, one credit and installment payment, that is, students can sign loan contracts with the bank for multiple academic years at one time, but the bank will issue them in different years. The bank should pay the tuition and accommodation loan for one academic year in one lump sum; Banks (or schools) will provide students with living expenses loans every month according to 10.

Who will supervise the use of student loans?

The school is responsible for supervising the use of student loans, and the handling bank can learn about the issuance and use of loans from the school.

Under what circumstances can loan students apply for termination of loan issuance?

During the period of studying at school, if the family's economic situation has obviously improved, or if other large grants and donations are obtained, and there is no need to continue the loan, the students should submit a written application to the bank to terminate the loan issuance through the school 10 days before the loan in the current year. With the consent of the bank, students go to the bank to go through the formalities for changing the loan contract.

Under what circumstances can banks stop issuing national student loans?

The loan student has one of the following acts, the bank can stop issuing loans and pay off the loan principal:

(1) Failing to use the loan as agreed in the contract;

(2) Violation of laws and regulations is subject to administrative punishment by the school or criminal punishment by relevant departments;

(3) Dropping out of school, being expelled from school or canceling school;

(4) poor academic performance, unable to complete their studies;

(5) Studying abroad or settling down;

(6) Being declared missing, dead or losing full capacity for civil conduct or labor.

Step 6: Repay the loan.

Borrowing students should pay attention to their own credit and repay on time after completing their studies with student loans.

60 days before graduation every year, the school will organize the borrowing students to go to the handling bank to go through the repayment confirmation procedures, and the handling bank will send people to provide on-site service to explain the repayment related matters to the borrowing students and answer their inquiries.

What is the national student loan compensation system?

In order to guide and encourage college graduates to work in grass-roots units in the western region and hard and remote areas, and reduce the repayment burden of students from poor families, from 2006 onwards, full-time undergraduates (including higher vocational colleges), graduate students and fresh graduates with second bachelor's degrees from ordinary colleges and universities affiliated to the central government voluntarily work in grass-roots units in the western region and hard and remote areas. If the service period reaches more than 3 years (including 3 years), the principal of the national student loan and the interest generated before it will be fully repaid.

When did the borrowing students start to repay the national student loan?

Borrowing students need to pay the loan interest in full after graduation. The handling bank allows the borrowing students to repay the loan principal in any month within 24 months after graduation according to their employment and income level. Specific repayment matters, by borrowing students in the repayment confirmation procedures to the handling bank for approval.

How do borrowing students repay the national student loan?

Banks usually design two repayment methods for borrowing students: equal principal and interest repayment method and average capital repayment method. Matching principal and interest repayment method: the amount of principal and interest in each period is equal, and the repayment pressure is evenly distributed; The repayment method of average capital, the repayment amount in each period is more at the beginning, and the repayment amount in each period is less later, and the repayment pressure is tight before it is loose. The total principal and interest paid by the equal principal and interest repayment method is slightly higher than that by the average capital repayment method.

What is the repayment period and repayment method of the student-origin credit student loan?

In principle, the term of student-origin credit student loans shall be determined according to the full-time undergraduate academic system plus 10 years, and the longest term shall not exceed 14 years. For those who have studied for more than 4 years or continue to study for a postgraduate degree or a second bachelor's degree, the repayment period after graduation will be shortened accordingly. The two-year grace period is for students at school and after graduation. After the grace period is over, students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract.

What procedures do I need to go through with the bank after graduation?

1. Before the borrower leaves school, the school should organize the borrower to go through the repayment confirmation formalities at the handling bank, make the repayment plan and sign the repayment agreement. After the borrower and the handling bank go through the above procedures, the school can go through the graduation procedures for them.

2. Borrowing students who continue to pursue their degrees in the same year after graduation should apply to the original school for extension before graduation, and provide relevant certificates for continuing to pursue their degrees. After the approval of the original school, the original handling bank will handle the extension formalities for it.

Can borrowing students repay in advance?

Borrowing students can repay part or all of the loan in advance during the loan period, but they must submit a written application to the bank in advance. Interest is charged on the principal repaid in advance according to the interest rate agreed in the contract and the actual use days.

What will happen if a student breaks the contract?

1. If the borrower of the national student loan fails to repay the loan within the time limit and amount stipulated in the repayment agreement signed with the handling bank, the handling bank will charge a penalty interest on the amount of default repayment.

2. The handling bank will input the personal basic information and repayment of the graduated students into the basic database of personal credit information of the People's Bank of China for all financial institutions in China to inquire according to law. If the graduates of the national student loan break the contract seriously, it will affect them to apply for other personal consumption credit from financial institutions.

3. After entering the repayment period according to the repayment agreement, the relevant administrative departments and banks will publish their names, citizenship numbers, graduation schools, specific breach of contract and other information through news media, internet and other information channels.

4. The defaulter shall bear relevant legal responsibilities.