As we all know, student loan is a loan business launched by the state to help poor students. Students who have no money to go to school can apply for a student loan directly from the state through the school. There is no interest on the national student loan when going to school, which can greatly reduce the pressure on students. So, what does the conversion of student loan pricing benchmark mean?

What does the conversion of student loan pricing benchmark mean?

The conversion of the pricing benchmark of student-origin student loans refers to the stock of student-origin student loans, which can be converted into a quotation after deducting 30 basis points from the loan market interest rate LPR of the same period and grade, and can be converted into a fixed interest rate or a floating interest rate. Loan students can log on to online banking, find student loans, click to convert LPR interest rate, and then choose fixed interest rate or floating interest rate. Among them, the conversion scope is student-origin student loans that have been issued with loan funds and signed contracts before July 3, 20201,but have not been issued with loan funds.

Generally speaking, students applying for student loans need to follow the requirements stipulated by the state. The interest of student-origin student loan shall be calculated from September of the graduation year 1. Not interested in paying off all the loans before graduation. You can pay off a part at a time, but you need to pay interest after graduation.