According to the national student loan policy, students who apply for loans do not need to pay interest during their normal study at school, but are subsidized by the government. But from September 1 of the year of graduation, they have to bear the loan interest.
The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and shall not rise. The current annual loan interest rate is: 1 to 3 years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.
It is reported that the national student loan adopts the cumulative interest-bearing method, and the interest is charged every year according to the actual number of days.
The formula of cumulative interest method: interest = cumulative interest × daily interest rate.
Among them, accumulated interest product = total daily balance of the account.
The value date is the date when the Development Bank issues the loan, and the interest settlement date is 65438+ February 20th every year (the interest settlement date of the last year of the loan is September 20th).
Expand data
The credit loan interest rate of the students' origin is the benchmark interest rate of the same grade announced by the People's Bank of China in the same period, and does not rise. The interest of students during their school days is fully subsidized by the financial department, and the interest after graduation is borne by the students and their parents (or other legal guardians).
National student loan interest
1. National Development Bank student loan interest
First, the National Development Bank student loan interest is divided into the following two situations:
1. The interest of the interest-free student loan of China Development Bank during the school period shall be borne by the state, that is, there is no need to bear interest during the school period.
Earn interest after leaving school One-time repayment after graduation is interest-free and needs to be repaid in installments. The longest repayment period of student-origin student loan is longer than that of national student loan. To put it bluntly, the total principal and interest is greater than the student loan, and the repayment pressure is heavier than the national student loan.
Student-origin credit student loan refers to the student-origin credit student loan issued by China Development Bank to eligible college freshmen and students with financial difficulties, which is handled by the county (city, district) where the students are registered before entering school.
The funds are mainly used for students to pay tuition and accommodation fees during their school days. Student-origin credit student loan is an important part of national student loan.
Two, the National Development Bank student loan interest calculation method:
For loans within six months (inclusive), the annual interest rate (%) is 5. 10.
For loans from half a year to one year (including one year), the annual interest rate (%) is 5. 10.
For loans of one to three years (including three years), the annual interest rate (%) is 5.50.
For loans from three years to five years (including five years), the annual interest rate (%) is 5.50%.
For loans over five years, the annual interest rate (%) is 5.65%.
2. The student financial aid policy of this university
Which students can apply for national student loans on campus?
Full-time college students (including higher vocational students), second-degree students and graduate students with financial difficulties can apply for national student loans from the handling bank through the Student Financial Assistance Office of our school.
How many national student loans can a student apply for on campus each academic year?
According to the relevant provisions of the national student loan policy, the loan amount of each student in each academic year should be the difference of the students' total annual income (including family, relatives, other funding sources, etc.). ).) as well as school tuition, accommodation and local basic living standards. The maximum annual loan amount for this college is not more than 8000 yuan, and the maximum annual loan amount for graduate students is not more than 12000 yuan.
How is the interest rate of the national student loan on campus stipulated?
The interest rate of national student loans in schools shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies. In case of interest rate adjustment, it shall be implemented according to the relevant regulations of the People's Bank of China.
How much is the interest on the student loan?
According to the national student loan policy, students who apply for this loan do not need to pay interest during their normal study at school, but they need to bear the loan interest from September 1 day of the graduation year.
The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and shall not rise. The current annual loan interest rate is: one to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.
Application conditions
Full-time college students (including vocational college students), second bachelor's degree students and graduate students in ordinary colleges and universities may apply for national student loans if they meet the following conditions:
(1) Family financial difficulties;
(2) Persons with China nationality and 16 years of age or older must hold Chinese identity cards;
(3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians);
4. Honest and trustworthy, law-abiding, no illegal behavior;
⑤ Study hard and you can finish your studies normally.
Application material
After the start of the new school year, students apply for loans from banks through schools. The following materials are required:
(1) national student loan application;
(2) A copy of my student ID card and resident ID card (the minor provides a valid identity certificate of the legal guardian and a written opinion agreeing to apply for a loan);
(3) my explanation of the family's financial difficulties;
(4) Proof of family financial difficulties issued by the relevant department where the student's family is located.
Application amount
In principle, full-time undergraduates should not exceed 8,000 yuan per academic year, and full-time postgraduates should not exceed12,000 yuan per academic year.
Lending approval
The student financial assistance department of the school is responsible for the qualification examination of the national student loan application submitted by the students and checking the authenticity and completeness of the materials submitted by the students; The bank is responsible for the final examination and approval of student loan applications.
loan origination
The national student loan is in the form of one application, one credit and installment payment, that is, students can sign loan contracts with the bank for multiple academic years at one time, but the bank will issue them in different years. In a school year, the bank should provide a one-time loan for tuition and accommodation.
loan interest
The national student loan interest rate is based on the benchmark interest rate of the same grade published by the People's Bank of China in the same period. The national student loan interest of the loan students during their study in school is all subsidized by the government, and the interest after graduation is paid in full by the loan students themselves.
repayment period
The maximum loan period is 20 years, with a grace period of 3 years. During the grace period, only the interest needs to be repaid, not the principal.
What's the interest rate for student loans?
The national student loan interest rate is subject to the statutory loan interest rate announced by the People's Bank of China. The current annual interest rate of the loan is: 5.76% for one to three years; 5.85% for three to five years; More than five years is 6. 12%. The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy. Legal responsibility: Borrowing students apply for loans from the bank through the school to make up for the lack of tuition, accommodation and living expenses during their studies at school, and repay them in installments after graduation.
Introduction to student loans:
Application conditions
Full-time college students (including vocational college students), second bachelor's degree students and graduate students in ordinary colleges and universities may apply for national student loans if they meet the following conditions:
(1) Family financial difficulties;
(2) Persons with China nationality and 16 years of age or older must hold Chinese identity cards;
(3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians);
4. Honest and trustworthy, law-abiding, no illegal behavior;
⑤ Study hard and you can finish your studies normally.
Application material
After the start of the new school year, students apply for loans from banks through schools. The following materials are required:
(1) national student loan application;
(2) A copy of my student ID card and resident ID card (the minor provides a valid identity certificate of the legal guardian and a written opinion agreeing to apply for a loan);
(3) my explanation of the family's financial difficulties;
(4) Proof of family financial difficulties issued by the relevant department where the student's family is located.
Application amount
In principle, full-time undergraduates should not exceed 8,000 yuan per academic year, and full-time postgraduates should not exceed12,000 yuan per academic year.
Lending approval
The student financial assistance department of the school is responsible for the qualification examination of the national student loan application submitted by the students and checking the authenticity and completeness of the materials submitted by the students; The bank is responsible for the final examination and approval of student loan applications.
loan origination
The national student loan is in the form of one application, one credit and installment payment, that is, students can sign loan contracts with the bank for multiple academic years at one time, but the bank will issue them in different years. In a school year, the bank should provide a one-time loan for tuition and accommodation.
loan interest
The national student loan interest rate is based on the benchmark interest rate of the same grade published by the People's Bank of China in the same period. The national student loan interest of the loan students during their study in school is all subsidized by the government, and the interest after graduation is paid in full by the loan students themselves.
repayment period
The maximum loan period is 20 years, with a grace period of 3 years. During the grace period, only the interest needs to be repaid, not the principal.
Consequences of breach of contract
(1) If the borrower of the national student loan fails to repay the loan within the time limit and amount stipulated in the repayment agreement signed with the handling bank, the default repayment amount shall be charged with penalty interest;
② The handling bank will enter the default into the basic database of personal credit information of the People's Bank of China for all financial institutions in China to inquire according to law. Take restrictive measures against defaulting borrowers who maliciously default on loans and refuse to provide financial services such as housing loans and auto loans;
(3) For borrowers who are seriously in arrears in repayment, the relevant administrative departments and banks will publish their names, citizenship numbers, graduation schools and specific breach of contract through news media, internet and other information channels;
(4) Lenders who seriously breach the contract will also bear relevant legal responsibilities.
Let's stop here for the introduction of education loan interest.