In principle, the term of student-origin credit student loans shall be determined according to the full-time undergraduate academic system plus 10 years, and the longest term shall not exceed 14 years.
The national student source credit student loan refers to the student loan issued by the National Development Bank to eligible college freshmen and students with financial difficulties, which is handled in the county (city, district) where the students are registered before entering school.
Student loans are credit loans, and students and their parents (or other legal guardians) are the same borrower, and both parties are 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.
Student-born loan life
With the development of economy, the income of China residents has increased a lot, but there are still many families who can't afford the university fees. Therefore, China Development Bank has designed student loans for students with financial difficulties. Some students are very concerned about the loan period of student-origin student loans. Today, I will tell you something about it.
According to the regulations of China Development Bank, the loan period of student-origin student loan is "the educational system time is 10 year". That is to say, the loan term for college students is generally 13 years, and that for undergraduates is generally 14 years. However, this provision is not mandatory. You can choose the loan term according to your actual situation.
Although the loan period of student-origin student loan can be chosen independently, the loan period can not be less than 6 years or more than 20 years. That is to say, the loan period of student-origin student loan is: 6 years ≤20 years ≤
There are two other special situations that need your attention.
1. Continue to study after graduation;
2. Studying for a second bachelor's degree during the undergraduate period, resulting in a school system of more than 4 years.
In the above two special cases, the repayment period will be shortened correspondingly after graduation, but the loan period will remain unchanged.
Generally speaking, the loan period of student-origin student loans is still relatively long, so there is no need to worry about the pressure of repayment.
How long is the student loan?
The longest is not more than 22 years.
The latest regulation of student-origin student loan: the loan period is academic system plus 15 years, and the longest is no more than 22 years. The grace period is 5 years. The policy will be implemented in 2020. For the new contract in 2020, the grace period for repaying the principal is 5 years. Stock contracts before 2020, student loan contracts that have not started to repay the principal (that is, loans that students have not graduated or have graduated but have not started to repay the principal) can be applied by borrowing students, and the grace period can be extended to 5 years within the loan period agreed in the original contract.