Full-time graduate students can apply for a loan of up to10.2 million yuan per year. If the sum of tuition and accommodation standards for graduate students in one academic year is less than 12000 yuan, the loan amount can be determined according to the sum of actual tuition and accommodation standards. The student loan applied by graduate students does not need to pay the loan interest during the study period, but only needs to pay the loan interest after graduation until the loan is paid off. Among them, for graduate students whose annual tuition and accommodation fees are less than 12000 yuan, the loan amount can be determined according to the sum of tuition and accommodation fees.
First of all, the application conditions for student loans are as follows:
1. The applicant must be a legal citizen of People's Republic of China (PRC), support the leadership of the China * * * production party, be honest and trustworthy, abide by the law, and have no bad records such as illegal crimes.
2. Applicants must be regular full-time undergraduate colleges, higher vocational schools and junior colleges (including private colleges and independent colleges, the list is subject to the announcement of the Ministry of Education), or undergraduate, junior college students, second bachelor's degree students and graduate students in ordinary colleges and universities who have been formally admitted according to the relevant provisions of the state.
3. The student's household registration before entering school, as well as the household registration of his parents or other legal guardians must be in the county or the city, and there is no migration.
4. The applicant's family is in financial difficulties, and the economic income obtained by the family cannot cover the basic expenses needed to complete their studies at school.
Second, students' credit student loans:
Full-time junior college students (including vocational college students), second bachelor's degree students and graduate students with financial difficulties in their families apply for national student loans through the student financial assistance management institutions in the counties (cities, districts) where their household registration is located (in some areas, they apply directly to relevant financial institutions). Students and parents are * * * borrowers, and both parties are responsible for repayment.
1, application conditions
(1) has China nationality;
(2) Honest and trustworthy, law-abiding;
(3) Freshmen who have been approved to set up full-time ordinary undergraduate colleges, higher vocational schools and junior colleges (including private colleges and independent colleges, and the list of schools is subject to the announcement of the Ministry of Education) to implement higher education according to the relevant provisions of the state, and have obtained a true, legal and effective admission notice, or undergraduates, second bachelor degree students and graduate students studying in colleges and universities;
(4) Students' pre-school household registration and their parents' (or other legal guardians') household registration are in the county (city, district);
(5) The family is in financial difficulties, and the income they can get is not enough to pay for the basic expenses needed to complete their studies at school.
2. Procedures
Students' credit student loans are applied, approved and issued on an annual basis. Before the start of the new semester, students apply for loans from the county (city, district) student financial assistance management center where their families are located (some areas directly apply to relevant financial institutions). The county-level student financial assistance management center is responsible for the preliminary examination of the qualifications of the applications submitted by students. Financial institutions are responsible for the final approval and issuance of loans.
3. Loan amount
The loan amount applied by the borrower for each academic year shall not exceed 6,000 yuan in principle.
4. Loan interest
The interest rate of student-origin credit student loan is the benchmark interest rate of the same grade announced by the People's Bank of China in the same period, and shall not rise. Students' interest during school is fully subsidized by the finance, and the interest after graduation is shared by the students and their parents (or other legal guardians).
5. Repayment period and repayment method
In principle, the term of student-origin credit student loan is determined according to the full-time undergraduate academic system plus 10 years, and the longest is no more than 14 years. Among them, students are determined according to the remaining years of study plus 10 years. For those who have studied for more than 4 years or continue to study for a postgraduate degree or a second bachelor's degree, the repayment period after graduation will be shortened accordingly. The two-year grace period is for students at school and after graduation. After the grace period is over, students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract.
How much can I borrow from a part-time graduate student loan?
You can apply for a loan at most 12000 yuan per year.
The maximum annual loan for part-time graduate students is 1.2 million, provided that the school has this part-time graduate loan channel. Part-time graduate students in some schools can apply for loans, but only if they have stable income and repayment ability. You can apply for a loan at most 12000 yuan per year. If the sum of tuition and accommodation standards for graduate students in one academic year is less than 12000 yuan, the loan amount can be determined according to the sum of actual tuition and accommodation standards.
The student loan applied by graduate students does not need to pay the loan interest during the study period, but only needs to pay the loan interest after graduation until the loan is paid off.
How much interest should I pay for the graduate student loan 10000 for five years?
576 yuan. As of February 27th, 2023, the interest rate of student loans issued by China Bank for 1 year to 3 years (inclusive) was 5.76%. Five-year interest of graduate students 100005.76%=576 yuan. So the interest of 10000 graduate student loan after five years is 576 yuan. Interest is the reward obtained by the fund owner for lending the fund, which comes from part of the profits formed by the producers using the fund to play its operational functions.
This is the end of the introduction about whether the graduate student loan needs interest and what conditions the graduate student loan needs. I wonder if you have found the information you need?