What is the loan period in the student’s place of origin?

The loan period in the student loan application for the student’s place of origin refers to the maximum period of the student loan.

The term of credit-based student loans for students in their place of origin is in principle determined based on the full-time undergraduate and junior college program plus 10 years, and the maximum period shall not exceed 14 years. Among them, current students are determined based on their remaining years of study plus 10 years. If the schooling lasts for more than 4 years or if students continue to study for a postgraduate degree or a second bachelor's degree, the loan repayment period after graduation will be shortened accordingly. The grace period is the period during which the student is in school and two years after graduation. After the grace period, the student and parents (or other legal guardians) will repay the principal and interest of the loan in annual installments as agreed in the loan contract.

Credit-based student loans refer to financial institutions such as China Development Bank issuing to eligible freshmen and current students of ordinary colleges and universities with financial difficulties from their families (hereinafter referred to as students). Students and parents (or other legal guardians) ) Apply to the student financial aid management center or financial institution in the county (city) where the student is registered as a student loan to help students from financially disadvantaged families pay for tuition and accommodation fees during their studies at school.