It's the school season in September again, and students are busy packing up and entering school, but besides being excited, they have to prepare tuition fees. Some students with less affluent family conditions will consider applying for a national student loan. The starting point of applying for student loans is good, but it is difficult to guarantee that some students will default on student loans in the future, which will have adverse effects in many aspects. There are many phenomena of high overdue rate and high bad debt rate in national student loans, which affect the enthusiasm of banks to provide student loans to some extent. Most importantly, for students who apply for student loans, defaulting on student loans is a trivial matter, and tarnishing credit records is a major event. Moreover, it may also affect the chances of successful application for younger brothers and sisters in the future. According to a central media report, a bank in Tongling City, Anhui Province issued 369 discount loans to a local college student 10 years ago, and 48 loans have not been returned yet. The rate of a batch of students in loans overdue in a western province is as high as 30%, so that the National Development Bank stopped the student loan business in the province's campus. Why drag the loan back? Some graduates are difficult to contact after leaving school, and some graduates ignore bank collection notices and letters. These are superficial phenomena, and the real reason is that some college students lack honesty. For students who have graduated for more than five years, the repayment amount of several thousand yuan or even ten thousand yuan should not be a problem. National student loans are divided into campus loans and student loans. Relatively speaking, campus loans are simple and easy. The high overdue rate and bad debt rate make campus loans shrink, and students in need have to take the road of student-origin loans more, and the procedures and processes of student-origin loans are more complicated. College students who don't keep their promises will not only lose their image, but also affect their younger brothers and sisters' way to further their studies. There are two options to solve this problem: hard constraint and self-constraint. Self-discipline in elections means keeping promises and keeping agreements. This is common sense and the bottom line for doing things for people. Mandatory hard constraints are not good for college students' reputation and credit records. At the same time, there is no need to make a fuss about small things. It really does not pay off. As an advanced group of national culture, college students should set an example in many aspects. If they apply for a student loan, they should try their best to pay it off on time so as not to waste the state's support for poor students.
Second, how to calculate the student loans overdue?
If the student-origin student loan fails to repay the loan principal on time as agreed in the loan contract, the default interest rate of the normal loan interest rate 130% shall be charged according to the actual overdue amount and overdue days. Need to remind you, loans overdue, students don't repay their loans. Loans overdue, malicious breach of contract, the student information and borrower information will be loaded into the personal credit information system of the People's Bank of China. Once the bad credit record is loaded into the personal credit information system, it will directly restrict the application and use of almost all financial products related to financial institutions, such as students and borrowers' personal credit cards, house purchases and car loans.
Third, what impact will the student loan default have on yourself?
Nowadays, the national personal credit system has been established and put into trial operation in some big cities. If there is something wrong with personal credit, it will be with you for the rest of your life, just like your ID number. Because your bad record has been stored in the details of your ID card.
Not only will your diploma be withheld, but it will also affect your life.
Market economy is a credit economy, without which it will be eliminated.
It's not alarmist, it's just that the market can develop in an orderly and stable way only if everyone pays attention to credit.
4. What will happen if the student loan is in arrears?
Student loan is an important measure for the state to increase financial assistance to students from poor families in colleges and universities. It is the best way for students with poor family conditions to obtain funds. Borrowing students do not need to apply for loan guarantee or mortgage, and they do not need to pay loan interest during their school days, but only need to repay the principal on time every month. For borrowers who have graduated from the country to the greatest extent, or have defaulted or defaulted after work, they are bound to be reported. If individuals maliciously default on loans, they will definitely miss financial services such as housing loans and auto loans in the future, and those who seriously default will also bear relevant legal responsibilities! In addition, it should be noted that students are subsidizing, but if you still haven't paid off the loan after graduation, you don't understand the student loan policy and ignore the phenomenon, then you haven't paid it off.