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What does a local student loan mean?
1. What do you mean by local student loans?

Also known as student source credit student loan, it refers to the student loan issued by financial institutions such as China Development Bank to eligible freshmen and students with financial difficulties. Students and parents apply to the student financial assistance management center or financial institution where the students are registered, to help students with financial difficulties pay the tuition and accommodation fees needed during their studies at school.

Second, the student loan is to help students with financial difficulties pay for their studies during their school years. ...

Tuition, accommodation and basic living expenses are subsidized for undergraduates (including higher vocational students), postgraduates and students with second bachelor's degrees in full-time colleges and universities. Students applying for national student loans should meet the following conditions: 1. Have China nationality and hold a Chinese identity card; 2. Have full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians); 3. Honest and trustworthy, law-abiding, reciting travel notes without reciting the law; 4. study hard and be able to complete your studies normally; 5. Due to the family's financial 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; 6. Meet other agreed conditions. View original post >>

3. What's the difference between college loans and student loans?

1, the responsible department is different.

Student loans are implemented by the financial department; University student loans are led by the government, subsidized by the government, and jointly carried out by banks and education departments.

2. Different application departments

If you want to apply for a loan from the county (city, district) education bureau, you should apply to the school.

3, the time is different

If the customer wants to study in the county (city, district) where his home is located before the start of the new semester. The local student financial aid management department will conduct qualification examination and then hand it over to the bank for loan.

If you want to apply for a loan from the bank through the school after the new school year starts. The school student financial assistance center will sort out the information and submit it to the handling bank.

4. What is the significance of college students' housing loan?

Student-origin loan means that college students who have been admitted to the university apply for student-origin loan in the bank where the candidates are born (generally referring to their student status and household registration).