Extended information:
There is no need to calculate interest on the student loan after graduation. The provisions on student loan are as follows:
1. 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 students from poor families in ordinary colleges and universities under the conditions of socialist market economy.
2. The national student loan is a bank loan which is led by the government, subsidized by the finance, compensated by the finance and the university, and operated by the bank, the education administrative department and the university.
3. Borrowing students do not need to apply for loan guarantee or mortgage, but they need to promise to repay the loan on time and bear relevant legal responsibilities.
4. Borrowing students apply for loans from the bank through the school to make up for the shortage of various expenses during their school days and repay them in installments after graduation.
Students from poor families need to apply for national student loans from local banks through their schools. In principle, students will apply once and the bank will issue national student loans in installments during their school days. Students applying for national student loans usually need to provide the following materials:
1. Application for national student loans;
2. Copy of my student ID card and resident ID card (minors must provide valid identity certificate of legal guardian and written consent to apply for a loan);
3. My explanation of the family's financial difficulties;
4. A certificate of family financial difficulties issued by the relevant department where the student's family is located. The student himself shall bear legal responsibility for the authenticity of the certification materials provided by him.
Conditions for applying for national student loans:
1. Undergraduate students (including vocational college students), graduate students and students with second bachelor's degree who are in financial difficulties in full-time ordinary colleges and universities.
2. Have the nationality of the People's Republic of China, and hold the identity card of the People's Republic of China.
3. Have full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians).
4. Be honest and trustworthy, abide by the law and discipline, and have no violations of laws and regulations.
5. study hard and finish your studies normally.