Student-origin student loans generally refer to national student loans, which are bank loans led by the government, subsidized by the government, jointly compensated by finance and universities, and jointly operated by banks, education administrative departments and universities to help poor students in colleges and universities.
Borrowing students do not need to apply for loan guarantee or mortgage, but they must promise to repay on time, repay in installments after graduation, and bear relevant legal responsibilities.
Student loans shall be subject to the benchmark interest rate of the same grade in the same period announced by the People's Bank of China, and shall not rise. Students' interest during school is fully subsidized by the finance, and the interest after graduation is shared by the students and their parents (or other legal guardians). The interest actually repaid by students after graduation shall be implemented according to the interest rate of the same period of the year.