According to the national student loan policy, students who apply for this loan do not need to pay interest during their normal study at school, but they need to bear the loan interest from September 1 day of the graduation year.

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, and shall not rise. The current annual loan interest rate is: one to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.

It is reported that the national student loan adopts the cumulative interest-bearing method, and the interest is calculated annually according to the actual number of days.

Product interest method formula: interest = accumulated interest product × daily interest rate.

Among them, accumulated interest product = total daily balance of the account.

The value date is the loan issuance date of the Development Bank, and the interest settlement date is 65438+ February 20th every year (the interest settlement date of the last year of the loan is September 20th).

The interest rate of student-origin credit student loan is the benchmark interest rate of the same grade announced by the People's Bank of China in the same period, 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).

National student loan interest

1 Interest on student loans of China Development Bank

First, the National Development Bank student loan interest is divided into the following two situations:

1. The interest of the interest-free student loan of China Development Bank during the school period is borne by the state during the student's study period, that is, there is no need to bear interest during the school period.

2. charge interest after leaving school. After graduation, one-time repayment is interest-free, and installment repayment requires interest repayment. The longest repayment period of student loans is longer than that of national student loans. To put it bluntly, the total principal and interest is greater than the student loan, and the repayment pressure is heavier than the national student loan.

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 funds are mainly used for students to pay tuition and accommodation fees during their school days. Student-origin credit student loan is an important part of national student loan.

Two, the National Development Bank student loan interest calculation method:

For loans within six months (including six months), the annual interest rate is (%)5. 10.

For loans from half a year to one year (including 1 year), the annual interest rate is (%)5. 10.

For loans of one to three years (including three years), the annual interest rate (%) is 5.50.

For loans from three years to five years (including five years), the annual interest rate (%) is 5.50.

For loans over five years, the annual interest rate (%) is 5.65.

2. The college's student financial aid policy

Which students can apply for national student loans on campus?

Full-time college students (including vocational college students), second-degree students and graduate students with financial difficulties can apply for national student loans from the handling bank through the Student Financial Assistance Office of our school.

How many national student loans can students apply for on campus each academic year?

According to the relevant provisions of the national student loan policy, the loan amount per student per academic year should be the difference between the total annual income of students (including financial assistance from families and relatives) and the sum of tuition, accommodation and basic living expenses stipulated by local authorities. The maximum annual loan amount for junior college students is not more than 8000 yuan, and the maximum annual loan amount for graduate students is not more than 12000 yuan.

How is the national student loan interest rate stipulated on campus?

The interest rate of national student loans in schools 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.

Do you need interest on student loans?

If there is interest, although you don't need to pay interest during school, you need to pay interest after graduation.

First, the definition of national student loans

The national student loan is a credit student loan led by the government and provided by financial institutions to students with financial difficulties in colleges and universities to help them solve their tuition and accommodation expenses during their school days. The national student loan interest rate shall be based on the benchmark interest rate of the same grade in the same period announced by the People's Bank of China, and shall not rise. The national student loan interest of the loan students during their school days is paid by the finance, and the interest after graduation is paid in full by the borrower. In order to encourage financial institutions to undertake national student loans and establish a loan risk sharing mechanism, finance (universities) will give certain risk compensation to the handling banks. 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. According to the different application places and work processes of students, national student loans are divided into two modes: national student loans in schools and credit student loans in students' places of origin. Full-time college students are not allowed to apply for national student loans and student-origin credit student loans repeatedly in the same academic year, and they can only choose to apply for one of them. In principle, full-time graduate students apply for national student loans on campus.

Second, you need to pay interest after graduation.

1. During school: the national student loan enjoys the financial discount policy, and the borrowing students do not need to pay interest. If you are an undergraduate or an undergraduate, you don't need to pay interest as long as you apply for a loan extension.

2. After graduation: After graduation, students need to start paying interest. There is usually a two-year grace period after graduation. During this period, students only need to pay interest, and they need to repay the principal and interest from the third year.

Reminder: the national student loan has interest, but the interest is free during students' study, and only after graduation. It is undoubtedly wrong to understand the national student loan as an interest-free loan.

Third, the calculation of interest expenses after graduation

After graduation, according to the contract, the benchmark interest rate of RMB loans of the same grade in the same period announced by the People's Bank of China will be implemented and will not rise. Therefore, the current loan interest rate is:

1. Loan within six months (including six months): the interest rate is 4.35%.

2. Loan for six months to one year (including 1 year): the interest rate is 4.35%.

3. Loan for one to three years (including three years): the interest rate is 4.75%.

4. Loan for three to five years (including five years): the interest rate is 4.75%.

5. Loans for more than five years: the interest rate is 4.90%.

The annual loan interest of loan students is: the loan interest rate of the unpaid amount; If the loan is less than one year, the interest will be calculated according to the number of days of loan, and the loan interest rate for the number of days of outstanding loan is /360.

Does the student loan need interest?

There is no interest during school, but after graduation, that is, after leaving school, the interest will be calculated.

1. After graduating from school, the student loan needs to be repaid, but in the five years before graduation, the student loan only needs to repay the interest once a year, and there is no need to repay the principal, so the repayment pressure is very small. Students don't need to repay their loans while they are at school. The loan interest is subsidized by the government, and the whole process is interest-free. If the student loan is settled in one lump sum before graduation, the loan will be more affordable without interest, but the repayment pressure is great. Usually once a year after graduation. For the credit investigation of student loans, we must remember the repayment date and repay on time after graduation, so as not to affect the credit investigation.

2. Student loan is a kind of loan provided by the state to college students, not a state grant. This money is to be paid back, and it cannot be defaulted. Students who fail to pay back after graduation or fail to pay back within the time limit will leave a bad record in their personal credit information. Even if the loan is repaid in the future, the personal bad information record cannot be cancelled. Therefore, students who apply for student loans should repay in time to avoid adverse effects on personal credit information. Students do not need to repay student loans during their school days; Students begin to pay interest in September after graduation. Generally speaking, if a loan contract is signed and it is agreed to repay once a year, then it is ok to repay once a year; If you agree to pay back the money every month, you can't just pay it once. It must be repaid within the specified time of each month.

The specific repayment method depends on how you signed the contract with the lending institution at that time. If the student has not graduated, there is no need to bear interest at this time. Don't worry about repayment. Generally speaking, student loans are not repaid until after graduation. Of course, if you get good grades in college, work-study program, and you have enough ability to repay the loan in advance, you can repay it in advance, which has no influence on you. However, many people can't be financially independent when they study, and loans can enjoy interest-free treatment during their studies, so many people begin to repay after graduation.

Student loan is a kind of loan provided by the state to college students, not a state grant. It is repayable and cannot be defaulted.

Don't you have to pay interest on student loans this year?

As we all know, due to various reasons of the current epidemic, the economy of ordinary people is relatively difficult, and many loans overdue are common. Therefore, the state has also begun to relax various credit policies, especially for lenders who have difficulties in housing payment, extending the repayment period and not pushing personal credit information. Under the impact of this year's epidemic, more than10 million college graduates are facing many difficulties and challenges, and many graduates are facing great economic pressure in repaying the principal and interest of the national student loan. No, the state has also introduced a bail-out policy for this purpose. .

The Ministry of Finance, the Ministry of Education, the People's Bank of China and the China Banking Regulatory Commission issued the Notice on Doing a Good Job in Interest-free and Deferred Repayment of the Principal of the National Student Loan in 2022. According to the notice, the loan students who graduated in 2022 and before will be exempted from the national student loan interest that should be repaid in 2022. For the national student loan principal that should be repaid in 2022 by the loan students who graduated in 2022 or before, the repayment can be postponed 1 year upon the independent application of the loan students, with no penalty interest and compound interest, and the risk classification will not be reduced for the time being. In addition, overdue ones are not included in personal credit information.

Moreover, this interest-free adjustment, students do not need to apply, directly handled by the undertaking bank. For loan students who graduated in previous years, the interest on national student loans due in 2022 and the penalty interest arising from overdue loans before 2022 are exempted. Some students in previous graduation years may have repaid the national student loan interest this year, and the undertaking bank will refund the deducted interest to their personal accounts. There is no need to apply for interest-free national student loans, but the deferred repayment of the principal requires the students to apply through the relevant channels of the undertaking bank, otherwise the loan principal will be repaid in default according to the original contract this year. At present, the relevant application channels of the undertaking bank are being opened, and the loan students will be informed in time after opening, so please pay attention to the relevant information!

This notice is simply good news for borrowers of student loans. It is not easy to enter the university and finish school. However, if the personal credit record is affected by student loans overdue, all previous efforts will lose value. I hope every overdue student will cherish his personal credit record, which is priceless compared with overdue loan funds and interest. On the other hand, it also shows the country's concern and attention to the employment of key groups such as college graduates.

From this adjustment, we can see that the current employment problem is more severe, especially graduates, who are already a part of the economically disadvantaged groups. If a relatively loose credit policy is not introduced, their confidence will be severely hit and their studies will be affected. Some graduates have not entered or are about to enter, and all aspects of preparation are not ready yet. Therefore, the introduction of this policy is really timely, and I hope that more will be introduced in the future.