There are two choices after entering colleges and universities.
1 You can continue to renew the loan or repay it directly.
Repay together after graduation from graduate school or junior college.
Note that if you choose the second point, you need to go to the local government to slow down student interest.
College student loans;
There are generally two kinds of student loans commonly used by college students: national student loans and student credit student loans. The national student loan is a bank loan led by the government, subsidized by the government, and operated by banks, education administrative departments and universities to help poor students 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. Student-origin credit student loan refers to the student loan issued by China Development Bank to eligible college freshmen and students with financial difficulties, which is handled in the county (city, district) where the students are registered before entering school. The loan funds are mainly used for students to pay tuition and accommodation fees during their school days. Student-origin credit loan is an important part of college student loan.
Loan form
There are four main forms of loans: national student loans; Student-origin credit student loan; Colleges and universities use state financial funds to issue interest-free loans to students; General commercial student loans. Among them, the national student loan has the largest funding strength and scale, and is the main content of student loan. [ 1]
classify
Commercial credit loan
(a), apply for student credit student loans should have the conditions
1. The lender has full capacity for civil conduct, is honest and trustworthy, and abides by laws and regulations.
2. Freshmen or students who have been officially admitted to full-time ordinary 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) and have obtained a true, legal and effective admission notice.
3. The borrower, * * and the borrower's pre-school household registration and their parents (or other legal guardians) household registration are all in the county (city, district).
4, family economic difficulties, in line with one of the following characteristics, and provide corresponding proof materials:
(1) Rural poor households and urban low-income households (proof materials: urban and rural low-income passbook or poverty proof materials issued by township civil affairs offices and neighborhood committees).
(2) Orphans and disabled families (certification materials: orphan certificate, disability certificate or certificate of township civil affairs office and neighborhood committee).
(3) Suffering from natural and man-made disasters, resulting in heavy losses, unable to afford the students' fees (certification materials: certificates from township civil affairs offices and neighborhood committees).
(4) Family members suffering from serious diseases (proof material: diagnosis certificate of hospitals at or above the county level).
(5) The creator of the family's main income loses the ability to work for some reason (proof material: certificate from the township civil affairs office and neighborhood committee).
(6) Single-parent families with no stable income (certification materials: certificates from township civil affairs offices and neighborhood committees).
(7) Families with unemployed parents or one of them (certification materials: certificates from township civil affairs offices and neighborhood committees).
(8) The total cash income of the family in the previous year was less than 8,000 yuan (proof material: certificate from the township civil affairs office and neighborhood committee).
(2) loan amount, term and interest rate
Not less than 1000 yuan and not more than 8,000 yuan per person per year; The application amount cannot exceed the total tuition and accommodation fees. The longest loan term shall not exceed 14 years. The interest rate is based on the benchmark interest rate of RMB loans stipulated by the central bank. The interest during the school period is fully subsidized by the finance, and the interest after graduation is borne by the borrower.
(3) Materials to be submitted for applying for student-origin credit student loans.
1. Freshmen apply for loans and submit the following materials:
(1) Application Form for Student-origin Credit Student Loan of China Development Bank (electronic form copied by U disk, 2 paper originals).
(2) The borrower's household registration book and valid ID card (show the original and hand in 2 copies).
(3) The borrower's admission notice (show the original and hand in 2 copies).
(4) Proof of family financial difficulties (1 original and copy).
(5) Bank card discount handled by the borrowing students at the local postal savings office (show the original for future reference and hand in 2 copies).
2, college students apply for a loan for the first time, submit the following materials:
(1) Borrower's household registration book and valid ID card (show the original and submit 2 copies).
(2)*** With the payee's household registration book and valid ID card (show the original and hand in 2 copies).
(3) Application Form for Identification of Poor Students in Colleges and Universities (1 original and photocopy).
(4) Proof of family financial difficulties (1 original and copy).
(5) Bank card deposited by the borrower in the local postal service (show the original for checking and hand in 2 copies).
(6) Borrowing students show their student ID cards and hand in 2 copies.
3. When college students apply for loans for the first time (in 2008 and 2009, and in 20 10, they apply for renewal of loans), they shall submit the following materials:
(1) Application Form for Student-origin Credit Student Loan of China Development Bank (electronic version of U disk, 2 original paper copies).
(2) The borrower's household registration book and valid ID card (show the original and hand in 2 copies).
(3)*** With the payee's household registration book and valid ID card (show the original and hand in 2 copies).
(4) Borrowing students show their student ID cards and submit 1 copy.
(four) matters needing attention in signing the student credit loan contract.
After submitting the application for student credit loan and related materials, if the county student financial assistance management center confirms that it meets the loan conditions, it shall sign a loan contract and improve the relevant procedures within the specified time. When signing a contract, you should pay attention to the following matters:
1, * * * The borrower should be the borrower's parents. If both parents go out to work, the parents can entrust their close relatives as * * * borrowers, but they need to issue a power of attorney (see the annex for a sample format, and submit 1 original and photocopy respectively, and parents of students should mail the power of attorney as soon as possible).
2. The borrower who fills in the application form and the borrower who signs the contract must be the same person.
3. The borrower and the borrower shall sign the loan contract at the same time. For college students who renew their contracts, if the borrower and the borrower cannot be present at the same time for some reason, one of them may entrust the other party to handle it on their behalf, but a power of attorney shall be submitted (see the annex for a sample format, with 65,438 originals and 0 copies).
4. To apply for contract renewal, the borrower in the application form must be the same as the borrower in the original contract. If the borrower changes, it is necessary to go through the new loan application procedures and submit the materials required for the new loan application.
5. Effective conditions of the loan contract. The signing of the loan contract can only take effect after the county rescue center receives the receipt of the loan contract of the student-origin credit student loan sent back by the university where the student is located. If the receipt is not received within one month after the contract is signed, the contract will automatically become invalid. The receipt must accurately fill in the name, line number and account number of the school bank. Go to the specific office and arrange full-time and part-time personnel to be responsible.
Note: Online application for student-origin credit loan has been implemented in Shandong and Fujian.
(V) Borrower and repayment obligation
Student-origin credit student loan refers to the student loan issued by financial institutions such as China Development Bank to eligible freshmen and students with financial difficulties (hereinafter referred to as "students"), which is handled in the county (city, district) where the students are registered before entering school. Student-origin credit student loans are credit loans, and students and their parents (or other legal guardians) are * * * the same borrower, and * * * is responsible for repayment.
government-subsidized student loans
(A) the national student loan application process
National student loan application process: student application → school preliminary examination → bank approval → both parties sign a contract → bank issues a loan → repay the loan after graduation.
Note: Banks do not directly accept students' loan applications. Students who apply for loans must apply for loans to the designated department of their school within 10 days before and after the start of the new school year, and receive and truthfully fill out the Application Form for National Student Loan, the Commitment Letter for Applying for National Student Loan and other related materials.
(B), the conditions for applying for national student loans
Conditions for applying for national student loans: full capacity for civil conduct (minors must obtain the written consent of their legal guardians); Honest and trustworthy, law-abiding, no violations of law; Study hard and be able to complete your studies normally; Due to family difficulties, the income earned during the school period is not enough to pay the basic expenses (including tuition, accommodation and basic living expenses) needed to complete their studies; Approved by the school; Meet other conditions stipulated in the General Rules for Loans published by the People's Bank of China.
(3), apply for national student loan materials
Materials for applying for the national student loan: provide the necessary information about my family's financial situation (generally including my written application, family financial situation questionnaire, proof of difficulties at street or township level or above, guarantor's guarantee and my actual performance, etc.). ), promise the repayment liability clause, and provide the repayment guarantor.
(D), the national student loan repayment method
What are the repayment methods of national student loans for college students?
(1) Before graduation, students will pay off in one lump sum or in installments;
(2) After graduation, the work unit will return all the loans to the loan issuing department;
(3) After the probation period expires, graduates will be deducted from their wages month by month within two to five years;
(4) Depending on its performance, the unit where the graduates work decides to reduce or exempt the loan repayment;
(5) For students who have borrowed money, if they are expelled from school, ordered to drop out of school or voluntarily dropped out of school for violating national laws and school discipline, the parents of the students are responsible for returning all the loans.
(five) the term, interest rate and amount of the national student loan.
The maximum per person per academic year is not more than 8000 yuan. The longest term is 10 year. The interest rate is subsidized by the government during school and borne by the borrower after graduation (according to the current central bank benchmark interest rate).
pay back
Alipay repayment
(1) Log in to the homepage of CDB student loan information network, and then enter the loan information page through the student login name and password (the default login name for online application for early repayment in 2006-2008 school year is the school code 1 1656+ student ID number, and the password is the 8th birthday; The login name and password of online loan repayment in 2009 and beyond are the login name and password when students apply for loans);
(2) Click "prepayment application" on the left to enter the prepayment application summary information page;
(3) Click the "Add" button at the lower left of the prepayment application summary information page to open the prepayment addition page;
(4) Select a loan contract record and click OK to save the prepayment application information.
(5) When logging in, if "There is something wrong with the security certificate of this website" appears on the webpage, please click "Continue to browse this website (not recommended)" in the penultimate line below to continue logging in.
Bank repayment
1. Before going to the bank, be sure to bring all the materials for handling student loans, as well as my ID card and bank card. You must remember the most important bank card password, otherwise it will bring more trouble to your handling process;
2. After entering the bank, queue up to get the number, then get the application form from the staff and fill in all the contents in detail;
3. Go to the counter to handle the loan repayment procedures;
4. Send the repayment voucher to the relevant person in charge.
payment arrears
If the borrower fails to repay the loan according to the time limit and amount agreed in the repayment agreement signed with the handling bank, his breach of contract will be recorded in the credit information system of financial institutions (if it is overdue for three months in a row, it will be recorded in the bad record of the personal credit information system of the bank), and the mortgage will not be approved.
Countermeasures to improve breach of contract
1. Strengthen media publicity and mobilize the enthusiasm of the government, banks, schools and individuals.
On the one hand, strengthening media publicity can let students and parents know about student loans and make rational use of their rights and interests; On the other hand, through media propaganda, governments, schools and banks at all levels that have carried out the student loan work well can get the social effects they deserve, and at the same time, they can also condemn the units that have carried out the work poorly. This will help to form a correct social orientation and mobilize the enthusiasm of governments, banks, schools and individuals at all levels. In addition, governments, schools and banks at all levels should correctly understand the significance of national student loans, not only considering immediate interests, but also starting from the long term. In fact, student loans are beneficial to the government, schools and banks, which embodies social equity. For colleges and universities, national student loans will play a positive role in attracting outstanding students. From the bank's point of view, banks can cultivate excellent customers in the future and expand other business contacts with universities through loans.
2. Establish a national student loan guarantee fund to provide risk guarantee for the national student loan.
Establish a national student loan compensation mechanism shared by the state, local governments, universities, society and banks, such as establishing a student loan guarantee fund composed of financial, university or social donations to compensate the risk of national student loans and alleviate the high risk of national student loans. When a commercial bank cannot recover the loan, it shall be returned by the guarantee fund, which shall be responsible for recovering the arrears. Because the guarantee fund is also responsible for the hierarchical management of loan information and the establishment of credit files for loan students, it is more conducive to recovering loans than banks.
3. Establish a loose and flexible national student loan system.
Extend the loan term and ease the repayment intensity. We can learn from the experience of other countries and re-formulate our repayment system according to our national conditions. In July, 2004, the State Council forwarded "Several Opinions on Further Improving the Work of National Student Loans", and adjusted the starting time of repayment to 0 to 2 years after graduation, and extended the repayment period from 4 years to 6 years. The adjustment of the student loan system this time is undoubtedly correct, which has alleviated the repayment pressure of the loan students to some extent, but the adjustment range is not enough, and the repayment pressure of the loan students is still great. Combined with the successful experience of other countries, the first repayment time will be extended to 2 1 year after graduation, and it will be paid off in 8 years or 10 years. The repayment amount can be increased in turn, with the lowest in the first year and increasing year by year thereafter. This design fully considers the employment and salary of graduates, greatly reducing the repayment pressure of graduates, thus reducing the passive debt ratio.
4. Strengthen honesty education and improve students' honesty and moral level.
Education authorities should take improving the honesty and credit quality of college students as an important public policy goal, and carry forward and cultivate the honesty and credit quality of college students through regulations or policy means. College students are relatively active in thinking, have judgment, have a good understanding of good public policies, and have relatively concentrated learning places, which can better publicize and popularize public policies. The education authorities should make full use of these favorable conditions, take the integrity education of college students as a breakthrough, and drive the whole social integrity construction project. Colleges and universities can offer honesty courses, so that students can form the concept of honesty in the form of credit evaluation. Course materials can be combined with typical social cases, so that students can understand the importance of honesty in case study and establish the concept of honesty.
interest rate
Adjustment time: 20 1 1.7.7.
deadline
Loan interest rate (annual interest rate,%)
Within half a year (including half a year) 6. 10 Half a year to one year (including one year) 6.56 One to three years (including three years) 6.65 Three to five years (including five years) 6.90 More than five years 7.05
Student loans shall be subject to the benchmark interest rate of the same grade in the same period announced by the People's Bank of China, and shall not rise. Students' interest during school is fully subsidized by the finance, and the interest after graduation is shared by the students and their parents (or other legal guardians). The interest actually repaid by students after graduation shall be implemented according to the interest rate of the same period of the year.
compensate
College graduates can enjoy tuition compensation and national student loan policy when they join the army. The amount of compensation for tuition fees or principal and interest of national student loans per academic year shall not exceed 6000 yuan; If the tuition fees actually paid by graduates or the principal and interest of national student loans are higher than 6000 yuan, compensation or compensation shall be made according to the amount of 6000 yuan per year; Less than 6000 yuan, in accordance with the principle of high tuition and national student loan principal and interest, the implementation of compensation or compensation.
The specific standards for tuition compensation and loan compensation during school before enlistment are the same as those for fresh graduates. At the same time, the state gives tuition subsidies to college students who apply for retirement and resumption of study. The maximum tuition fee is 6,000 yuan, the annual tuition fee is 6,000 yuan, and the actual subsidy is less than 6,000 yuan.