When the student loan is renewed, the fixed number of years is not selected, that is to say, it is selected according to the fixed number of years determined before. If there is no fixed number of years to choose from, you can choose the default, because the student loan can only be renewed after completing the formalities.

Calculation method of loan life (school time+repayment period).

According to the contract, the loan period is 3 years. In the normal three-year loan period, there is no need to renew the loan every year. Only when the three-year loan period has expired can you apply to the bank if you still need a loan. The premise is to pay off the previous loan.

Extended data:

Students applying for student-origin credit student loans must meet the following conditions:

1, with China nationality;

2. Honest and trustworthy, law-abiding;

3. Freshmen, postgraduates and students with a second bachelor's degree who have been formally admitted to full-time ordinary undergraduate colleges, higher vocational schools and colleges in the central and regional areas that have been approved to set up and implement higher education according to the relevant provisions of the state, and have obtained a true, legal and effective admission notice;

4. Students' pre-school household registration and their parents' (or other legal guardians') household registration are in the same county (city, district);

The family is in financial difficulties, and the income they can get is not enough to pay for the tuition and accommodation needed to complete their studies at school. ?

Baidu Encyclopedia-Student Source Student Loan