What is a college student loan is as follows:

National student loans for colleges and universities are government-led, fiscal interest subsidies, finance and colleges and universities jointly provide banks with certain risk compensation. , a bank loan operated jointly by the education administrative department and the university government to help students from financially disadvantaged families in universities pay for tuition, accommodation and living expenses during their studies at school.

College student loans are handled by colleges and universities and issued by financial institutions; student credit loans are handled by county (city, district) funding agencies and issued by the China Development Bank.

Definition

China has established and implemented a policy system for supporting poor college students in colleges and universities, including national scholarships, grants, national student loans for colleges and universities, tuition exemptions and other forms, to solve poverty. Tuition, accommodation and living expenses for college students after enrollment. At the same time, Chinese universities have also opened “green channels” for enrollment to help poor students successfully enroll.

Under the conditions of the socialist market economy, the Party Central Committee and the State Council have used financial means to improve my country’s general university funding policy system and increase financial support for students from poor families in ordinary universities.

Social Support

The education department, financial department, etc. jointly launched financial assistance for qualified college students who lack family funds and cannot complete their college studies, so that they can successfully complete their studies. Through university higher education, applied talents are exported to society, and the student aid is provided in the form of bank loans at low interest rates for students to work without interest for several years during their studies.

Student loans issued by the China Development Bank and other financial institutions to eligible freshmen and current students of ordinary colleges and universities from families with financial difficulties, and applied in the county (city, district) where the student's registered residence was before enrollment.

There are problems

However, these forms of student aid in the past cannot fully cover all families with financial difficulties. Students who drop out of school on their own because they cannot afford to pay tuition fees and living expenses before entering school, every year It still happens in China. In addition, the procedures are cumbersome and need to be stamped at the township or county level, and the students need to bring the materials to the corresponding department for stamping.

The interest while students are in school will be fully subsidized by the finance department, and the interest after graduation will be borne by both students and parents.