Can the student-origin student loan be automatically extended?
First of all, we need to know what a student loan is. Student-origin student loan refers to the student loan funded by the financial department and provided by the local government for local students. Students can work in designated places after graduation, and loans can be reduced or exempted according to a certain proportion. The automatic extension of student-origin student loan mainly refers to whether the student loan can be extended automatically after it expires. In fact, the answer to this question is uncertain, because every region and every bank has different policies.
In Jiangsu province, student-origin student loans can be automatically extended. According to the regulations of Jiangsu Provincial Department of Education, after paying off the first loan, borrowers who meet the conditions for loan renewal can directly apply to the local education bureau for loan renewal. For other provinces, the situation is not necessarily the same.
For example, in Fujian, the repayment method of student-origin student loans is once a year, not once a month. If there is a certain amount of arrears in the process of loan repayment, it needs to be made up within the specified time to obtain the qualification for loan renewal. However, Zhejiang does not clearly stipulate whether the student-origin student loan will be automatically renewed, and it needs to be applied according to the policy of each academic year.
Judging from the above-mentioned local policies, the situation of automatic renewal of student loans is not the same, and it is necessary to apply and approve according to the specific circumstances. Therefore, when making a loan, we must carefully check the local policies and understand the changes of policies during the loan period, so as to apply in time before the repayment period comes.
Operation mode of student-origin student loan
In addition to the automatic extension of loans, the operation mode of student-origin student loans is also widely concerned. The operation mode of student-origin student loan mainly includes the following aspects:
1, loan application
The application for student-origin student loan needs to be submitted to the local education bureau or local bank, and a series of materials and certificates need to be provided, such as ID card, household registration book, admission notice, proof of family economic status, etc. In the process of handling the loan, the borrower needs to carefully check the loan amount, repayment time and other important information to avoid unnecessary troubles in the future repayment process.
2. Loan repayment
There are two main repayment methods of student-origin student loans: one is that after graduation, students can reduce or remit the repayment according to a certain proportion after working in the local area; The other is to repay the loan according to the agreed time and method before the repayment period comes. If the borrower encounters difficulties in the process of repaying the loan, he needs to contact the local education department or bank in time for help and solutions.
3. Loan extension
If the borrower meets the conditions for loan renewal after paying off the first loan, he can directly submit an application to the local education bureau to apply for loan renewal. However, the conditions and policies of renewal may be different in different regions, which need to be understood and applied according to the actual situation.
Generally speaking, student-origin student loan, as an important source of funds, is of great significance to many families and students. In the process of application and use, you need to know the policy carefully, check the contract and pay attention to all kinds of details, so as not to bring unnecessary troubles and losses to yourself.