Interest is fully subsidized by the state finance, and it is generally not charged until September of the year of graduation.

After graduation, college students can continue to renew their loans if they choose to pursue a higher degree (graduate, second bachelor's degree). After the loan renewal is successful, the student loan will continue to be interest-free.

We also need to note that the first five years after graduation is a grace period to repay the principal. Although interest is calculated, only the principal can be repaid during this period. Five years have passed, and the principal and interest can be repaid.

An Alipay account will be automatically generated after handling the student-origin student loan, and the interest to be repaid will be deposited into the Alipay account before 65438+February 20 every year.