The national student loan is a bank loan led by the government, subsidized by the government, compensated by the finance and universities, and jointly operated by banks, education administrative departments and universities. It helps students from poor families in colleges and universities pay for tuition, accommodation and living expenses during their studies. 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.
1. Application conditions. Students in public full-time colleges and universities can apply for national student loans if they meet the following conditions: ① undergraduates with financial difficulties (including higher vocational college students), second bachelor's degree students and graduate students; (2) Have People's Republic of China (PRC) nationality and People's Republic of China (PRC) national identity card; (3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians); 4. Honest and trustworthy, law-abiding, no illegal behavior; ⑤ Study hard and finish your studies normally; Due to family financial difficulties, the funds that students and their families can raise are not enough to pay for their basic study and living expenses during their study at school.
2. Application materials. After the start of the new school year, students apply for loans from banks through schools. Materials to be provided: ① application for national student loan; (2) A copy of my student ID card and resident ID card (the minor provides a valid identity certificate of the legal guardian and a written opinion agreeing to apply for a loan); (3) my explanation of the family's financial difficulties; (4) Proof of family financial difficulties issued by the relevant department where the student's family is located.
3. Application amount. In principle, the maximum per person per academic year is no more than 6000 yuan.
4. Loan approval. The relevant departments of the school are responsible for the qualification examination of the national student loan application submitted by the students, and checking the authenticity and completeness of the materials submitted by the students; The bank is responsible for the final examination and approval of student loan applications.
5. Loan issuance. The national student loan is in the form of one application, one credit and installment payment, that is, students can sign loan contracts with the bank for multiple academic years at one time, but the bank will issue them in different years. Tuition and accommodation loans within one academic year should be paid to students by the bank in one lump sum; Banks (or schools) will provide students with living expenses loans every month according to 10.
6. Loan interest. 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. The national student loan interest of the loan students during their study in school is all subsidized by the government, and the interest is paid in full by the loan after graduation. For the students who signed the loan contract before August 2004, the interest during the school period and after graduation until the final repayment shall be borne by the financial department and the students themselves.
7. Repayment period. According to the employment and income after graduation, students choose the time to start repaying the principal within 1-2 years after graduation, and pay off the loan principal and interest within 6 years. The loan contract signed before August 2004 (including graduate repayment agreement) generally stipulates that the loan student will pay off the loan principal and interest within four years after graduation.
8. Consequences of breach of contract. (1) If the borrower of the national student loan fails to repay the loan within the time limit and amount stipulated in the repayment agreement signed with the handling bank, the default repayment amount shall be charged with penalty interest; (2) The handling bank will enter the default information into the basic database of personal credit information of the People's Bank of China for all financial institutions in the country to inquire according to law; (3) For borrowers who are seriously in arrears in repayment, the relevant administrative departments and banks will publish their names, citizenship numbers, graduation schools and specific breach of contract through news media, internet and other information channels; (4) Lenders who seriously breach the contract will also bear relevant legal responsibilities.
9. Student Credit Student Loan. Student-origin credit student loans refer to student loans that students or their legal guardians apply to rural credit cooperatives, banks and other financial institutions where their families are located without guarantee or mortgage. Financial institutions in some parts of the country have started the student-origin credit loan business, which is an organic part of the national student loan. At present, the Ministry of Finance, the Ministry of Education and other relevant departments are studying and formulating measures to promote student-origin credit student loans nationwide.
10. Salary system. Since 2006, fresh graduates of full-time colleges and universities affiliated to the central government have volunteered to work in grass-roots units in western regions and hard and remote areas for more than three years (including three years). The principal of the national student loan and the interest generated before the full repayment are repaid by the central government.
Second, the national student loan application process
The whole application process is divided into six parts, taking a student who meets the application conditions as an example:
Step 1: Students apply.
Students apply to their school institutions within the specified time, receive the "National Student Loan Application Approval Form" and other materials, fill them out truthfully and completely, and prepare relevant certification materials to return to the school's national student loan agency.
Step 2: The school institution conducts the loan preliminary examination.
School institutions organize students to apply for loans and accept student loan applications within the annual loan amount and control ratio issued by the National Student Loan Management Center.
Step 3: The handling bank approves the loan.
The handling bank shall complete the audit within 20 working days after receiving the information form and application materials submitted by the school.
Step 4: Sign a loan contract with the students.
After the loan application is approved, the school will organize students to fill in, sign loan contracts and IOUs within 10 working days according to the loan student roster provided by the handling bank, and submit them to the handling bank.
Step 5: Borrow.
The handling bank shall, within 20 working days after signing the loan contract and iou with the borrowing students, uniformly transfer the first-year tuition, accommodation and living expenses into the designated account opened by the school in the handling bank.
Step 6: Repay the loan.
Borrowing students should pay attention to their own credit and repay on time after completing their studies with student loans.