Legal basis:
Measures for the administration of student loans
Article 1 In order to support the development of education and speed up the training of talents, commercial banks and urban and rural credit cooperatives (hereinafter referred to as lenders) may independently handle student loans according to the general principles of loans.
Second student loans can take unsecured (credit) student loans and secured student loans.
Article 3 Lenders provide unsecured (credit) student loans to college students (including junior college students, undergraduates and graduate students) (hereinafter referred to as borrowers), and unsecured (credit) student loans and guaranteed student loans to their immediate family members and legal guardians (hereinafter referred to as borrowers).
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