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What does it mean that the loan academic year is 2019-2020?

The loan application period is 2019-2020. The 2019-2020 loan period in student loans refers to the student loan repayment period from the borrowing date to the repayment date. National student loans are a major measure taken by the Party Central Committee and the State Council under the conditions of the socialist market economy to use financial means to improve my country's general university funding policy system and increase financial support for students from poor families in ordinary universities.