Student loans generally need to be repaid regularly. If you forget to renew the loan, you can contact the school finance office as soon as possible for consultation, and they will arrange repayment plans for you according to the actual situation, such as delaying repayment. At the same time, you can also apply to the school finance department for deferred repayment under special circumstances to reduce the burden and apply for partial fee reduction.
I don't want to renew my loan after one year. How can I repay it? Mine belongs to China Agricultural Bank.
You can wait until after graduation to repay; (1) Within the first two years after graduation, interest shall be calculated and paid quarterly, and the 20th day of each quarter shall be the interest date (March, June, September, 65438+February). (2) Starting from July of the third year after graduation, repay the principal and interest in the same amount every month, and the repayment date is the corresponding day of the loan date (3 1 corresponding day is 30 days). For example, Wang, a student of Grade 2006, borrowed 5,000 yuan on June 8, 2007, and his graduation year was 20 10, so the first repayment date of interest was September 20 10, and the first repayment date of equal principal and interest was July 8, 2065438. (3) Repayment can be made in advance, but all principal and interest must be paid off in one lump sum at the counter of our Agricultural University Branch. (4) Before leaving school, you must sign a repayment confirmation letter with Agricultural Bank of China. At present, there are two repayment methods for student loans of Agricultural Bank of China. First, installment repayment, that is, normal repayment; The second is early repayment, which only accepts one-time repayment from the bank at present. Borrowing students can choose the appropriate repayment method according to their actual situation. To put it in more detail, installment repayment means that the borrower goes to any branch of China Agricultural Bank before the 20th of each month (or at the end of each quarter) and deposits in the Jinsui Card (ABC Debit Card) account or its corresponding passbook account indicated in the national student loan contract, and the bank automatically transfers the money. You can also repay the student loan by remittance or transfer. If you can't repay the loan due, you can apply for the extension of the agricultural bank's student loan. To apply for extension, the approval form for loan extension application and a copy of the applicant's ID card shall be submitted. Direct repayment means that the money is directly remitted to the designated repayment account before the repayment date, and the borrower needs to take the original ID card to the counter of the Agricultural Bank of China for one-time settlement. It should be noted that: (1) The debit card number of the Agricultural Bank of China Jinsui provided when applying for the loan is bound for automatic deduction and installment repayment of interest after graduation, and the loan is directly transferred to the school charging account without being credited to this card; This card must be valid for a long time, and it must be avoided that there is no deposit balance on the card for a long time or the balance is too small to pay the annual card fee and small account management fee, resulting in sleep stagnation and loss of repayment function. In case of accidental damage or loss, the new card must be replaced in time, and the copy of the new card and ID card and the application for change shall be submitted to the Student Financial Assistance Management Center of the school for verification before going to China Agricultural Bank to change the binding repayment card number. (2) Keep the bank debtor's loan voucher, repayment confirmation, collection notice and other materials. (3) In the first two years after graduation, if the interest and debt are overdue for more than three consecutive times, or within two years after graduation, the borrowing college students will face serious consequences. For example, this behavior will be included in the personal credit report, and the Agricultural Bank of China will charge a penalty interest on the borrower's default repayment amount.
What if the student loan is not renewed? If you don't renew the loan, do you want to pay it back immediately?
Student-origin loans can help poor students realize their dream of studying, but they don't apply for several academic years at a time. After the first loan, they have to renew the loan once every academic year to get the loan of that year. Many people don't intend to renew their loans, and they will ask students what will happen if their loans are not renewed. If you don't renew the loan, should you pay it back immediately? Let's briefly introduce it today.
What if the student loan is not renewed?
There is no mandatory requirement for students to renew their loans, so it depends on their wishes. Students don't renew their loans, they don't issue loans that year, and they need to raise money to pay tuition and living expenses themselves. The rest won't have any effect.
If you don't plan to renew your loan, students don't have to submit an application for renewal in the student online system. Once the loan is not renewed beyond the time limit, this year's student loan will be automatically abandoned by default.
If you don't renew the loan, should you pay it back immediately?
If the student loan is not renewed, it will not be repaid immediately. The previous loan will be repaid after graduation. Because student loans have a five-year grace period for principal, that is, from the first year to the fifth year after graduation, as long as the loan interest is repaid, the interest and loan principal will be repaid from the sixth year.
The interest shall be calculated from September 1 of the year in which the student graduated, and the repayment date shall be February 20th of each year. If the student pays off the student's home loan on September 1 day, he only needs to repay the loan principal, and does not need to repay the interest. Normal repayment, if it is not paid off on the repayment date, will be regarded as overdue, which will not only generate overdue fees, but also affect personal credit.
The above is the relevant introduction of "What will happen if the student loan is not renewed". In short, students will not issue loans without renewing their loans, but they don't have to repay them immediately. After graduation, loan students can deposit money into the designated Alipay account.
What should I do if I don't want to renew my student loan?
Introduction: The state has a good financial aid policy for students in poor areas. As long as you can keep going to school, the state and local governments have 100 ways to help you continue your education and afford to go to college. Most poor families will apply for student-origin loan before entering school. This kind of loan has low interest rate and will not be repaid until several years later. Let's take a look at the student loans in Bian Xiao and see if they don't want to continue to borrow. What should I do?
First, students' origin loans
Student-origin loans belong to the nature of poverty alleviation. Before 18, students need to find a community to issue a poverty certificate as application materials. However, in practice, it is found that communities in most areas are very lenient in issuing poverty certificates, especially in urban areas, where students often apply for student loans. Student-origin student loans are subsidized by the state, which is equivalent to no interest. After graduating from college, there will be a three-year grace period. After graduation, the lender only needs to increase the interest for three years and repay the principal and interest every year as planned.
Second, the loan process
The loan period of students' origin is no more than 20 years. During the study period, students can apply for an extension if they have a declaration or other special circumstances. After graduation, students can apply for early settlement at any time according to their repayment ability. As far as the current college tuition is concerned, ordinary undergraduate graduates can afford it as long as they have a normal job after graduation, and they only need to pay interest for the first three years after graduation, which is several hundred yuan a year. There is no burden on the family, and at the same time, students' awareness of credit investigation is cultivated and enhanced.
Third, the issue of loan extension.
Student loan is a loan once a year, and online registration is required every year. When applying for the student loan for the first time 1 time, you must go to the local bank to apply for the loan or service department. In the future, each loan only needs to be submitted and registered online. If you don't want to renew the loan, you don't have to apply. At present, the government has many policies to encourage and help students with student loans.