The national student loan is a bank loan led by the government, with financial subsidies and certain risk compensation from the finance and universities. It is jointly operated by banks, education administrative departments and universities to help students with financial difficulties in colleges and universities.
The national student source credit student loan refers to the student loan issued by the National Development Bank to eligible freshmen and students with financial difficulties, which is handled in the county (city, district) where the students are registered before entering school.
The student loan is a credit loan, and the student and his parents (or other legal guardians) are co-borrower, who are jointly responsible for repayment.
Financial institutions of student-origin credit student loans are mainly undertaken by China Development Bank, and other banking financial institutions are encouraged to carry out this business. The specific undertaking bank shall be determined by the local finance, education and banking supervision departments in consultation with the China Development Bank and other financial institutions.