After the student loan is issued successfully, the school will generally deduct the tuition and accommodation fees first, and the students can arrange the rest of the money themselves. The loan period of the student loan is academic system plus 15, and the longest loan period is no more than 22 years, so the repayment pressure is not great. During students' study, the interest on student loans is subsidized by the state finance, and students do not have to pay any fees. Five years before graduation, students can choose to pay interest first instead of principal. If the borrower pays off the student loan when he graduates from college, there is no need to pay interest. After students graduate, the student loan begins to calculate interest, and the state no longer gives subsidies. The repayment date of the student loan is not fixed, and the free repayment time is generally February 20th 1 1-65438+20 every year. As long as the repayment is made during this period, it is not overdue. Borrowing students need to apply for prepayment. Although it is a student loan, it will also be loaned. If the borrower repays the loan on time, it will help to accumulate a good credit record and apply for various credit products in the future; Once the repayment is overdue, it will affect personal credit information, leave overdue bad credit records and pay penalty interest. The above is about "can I pay interest on the student loan first?" If the economy is tight after graduation, you can choose to pay only interest, but the grace period for repaying the principal is only five years. After the time is up, you should still pay attention to repaying the principal.
The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy. The national student loan is a bank loan which is led by the government, subsidized by the finance, and compensated by the finance and universities at certain risks, and jointly operated by banks, education administrative departments and universities. Borrowing students do not need to apply for loan guarantee or mortgage, but they need to promise to repay on time and bear relevant legal responsibilities. Borrowing students apply for loans from the bank through the school to make up for the lack of expenses during their school days and repay them in installments after graduation. On August 8, 20 12, the new student loans of the development bank will exceed 1200 million yuan. 2065438+On July 20th, 2005, the Ministry of Education and other departments jointly issued "Several Opinions on Perfecting the National Student Loan Policy". According to the Opinions, in order to effectively reduce the financial burden of borrowing students, the longest loan period is extended from 14 to 20 years, and the grace period for repayment of principal is extended from 2 years to 3 years. The loan interest of students during their school days will be fully subsidized by the government. On July 2 1 2020, the Ministry of Education, the Ministry of Finance, the People's Bank of China and the China Banking Regulatory Commission jointly issued the Notice on Adjusting and Perfecting the Relevant Policies of National Student Loans (J.J.Z. [2020] No.4), clearly proposing to adjust the relevant policies of student loans from three aspects: repayment grace period, loan term and loan interest rate.