Yes, under normal circumstances, before the repayment date, the borrowing student will deposit the full amount of interest into Alipay or the corresponding bank account. On the deduction date, Alipay or the bank system will withdraw the interest from the borrowing student. The corresponding funds are automatically deducted from the account and transferred to the China Development Bank. If the funds have not been deducted, the repayment will be unsuccessful; if the funds have been deducted, please log in to the loan system on the 1st of the next month to confirm whether the repayment is successful.

1. National student loans are measures taken by the Party Central Committee and the State Council under the conditions of the socialist market economy to use financial means to improve my country’s general university funding policy system and increase financial support for students from poor families in ordinary universities. A major measure. National student loans are government-led, fiscal interest subsidies, financial and university authorities jointly provide banks with certain risk compensation, and banks, education administrative departments and university authorities jointly operate bank loans to specifically help students from poor families in colleges and universities. Borrowing students do not need to apply for loan guarantees or mortgages, but they need to promise to repay on time and bear relevant legal responsibilities. Borrowing students apply for loans from banks through their schools, which are used to make up for various expenses while in school, and are repaid in installments after graduation. On August 8, 2012, the new student loans issued by the Development Bank will exceed 12 billion yuan.

2. All regions should continue to vigorously promote national student loans to meet the loan needs of undergraduate, junior college and graduate students. The financial department must fully arrange and timely allocate national student loan interest subsidy and risk compensation funds. The handling bank shall arrange in full and timely release the national student loan credit funds according to the loan demand. Universities must comply with the provisions of the "Notice of the General Office of the State Council on Forwarding Several Opinions of the Ministry of Education, Ministry of Finance, People's Bank of China and China Banking Regulatory Commission on Further Improving the Work of National Student Loans" (Guobanfa [2004] No. 51) and bear risk compensation for national student loans where the campus is located. 50% of the loan, and cooperate with the handling bank to approve the tuition and accommodation fee standards for students applying for loans.

3. After the adjustment of the national student loan funding standards, the "Notice of the General Staff Department of the Ministry of Finance and the Ministry of Education on Issuing the "Measures for National Funding for College Students Enlisted for Compulsory Military Service"" (Finance and Education [2013] No. 236), "Opinions of the General Political Department of the General Staff Department of the Ministry of Finance, Education, and Civil Affairs on the Implementation of Education Funding Policies for Retired Soldiers" (Caijiao [2011] No. 538) and "Opinions of the Ministry of Finance and the Ministry of Education on Issuance of Tuition Fees for College Graduates" The standards for tuition compensation, national student loan reimbursement and tuition assistance in the "Notice on the Interim Measures for the Reimbursement of National Student Loans" (Caijiao [2009] No. 15) have been adjusted accordingly to the maximum annual maximum for each undergraduate and junior college student. If the amount exceeds RMB 8,000, the maximum annual allowance for graduate students shall not exceed RMB 12,000. Tuition compensation, national student loan reimbursement and other tuition assistance matters will still be implemented in accordance with the original regulations.