There are four main forms of loans: national student loans; Student-origin credit student loan; Colleges and universities use state financial funds to issue interest-free loans to students; General commercial student loans. Among them, the national student loan has the largest funding strength and scale, and is the main content of student loan.
8.2 National Student Loan Application Conditions
(1) Full-time undergraduates (including higher vocational students), postgraduates and students with second bachelor's degree from poor families;
(2) Having People's Republic of China (PRC) nationality and holding a People's Republic of China (PRC) identity card;
(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 be able to complete their studies normally;
(6) Due to the family's financial difficulties, the income earned during the school period is not enough to pay the basic expenses (including tuition, accommodation and basic living expenses) needed to complete their studies.
8.3 National student loan quota
The maximum loan amount per student per academic year does not exceed 6000 yuan.
8.4 Term of National Student Loan
The repayment period of the national student loan is 6 years, but different banks have different repayment requirements. Some banks have also relaxed the repayment time until graduation, but some students are still unable to repay on time. Easy Loan China reminds students who have applied for national student loans that if they can't repay in time, their personal credit will be affected, which is a lifelong event.
8.5 How to apply for a national student loan?
Generally speaking, students from poor families need to apply for national student loans from local banks through their schools. In principle, students apply once during their school days, and the bank issues national student loans by stages.
8.6 Which universities have carried out the work of national student loans?
Public full-time colleges and universities should actively implement the national student loan policy and cooperate with students from poor families in colleges and universities to handle national student loans. In addition, some private colleges and universities have launched national student loans, and students should pay attention to the relevant instructions in the school enrollment brochure or admission notice.
8.7 National Student Loan Application Materials
(1) national student loan application;
(2) A copy of my student ID card and resident ID card (minors must provide valid identity certificates of legal guardians and written opinions on agreeing to apply for loans);
(3) I explain the family's financial difficulties;
(4) Proof of family financial difficulties issued by the relevant department where the student's family is located. The students themselves shall bear legal responsibility for the authenticity of the certification materials provided by them.
8.8 Repayment of student loans
According to the policy, the student loan can be paid off within ten years from the beginning of the loan, and the interest will be paid quarterly after graduation, and the principal will be paid at any time within two years after graduation. However, due to the banking system or other problems, it often happens that the principal and interest must be changed after graduation, without the assistance of relevant departments. Generally, the sum of principal and interest is directly deducted from the lender's bank card without the lender's consent, and no principal or interest is deducted according to the relevant provisions of the repayment confirmation. Moreover, this shows that the school or the relevant bank departments have not given a reasonable solution to force the lender to repay the principal and interest.
What will happen to the loan business if the borrowing students drop out of school, drop out of school, transfer to another school, go abroad, and be expelled from school?
For example, borrowing students drop out of school, transfer, go abroad, and be expelled from school. The school will inform the bank in time, asking students to go to the bank to pay off the loan first, and then go through the relevant procedures for the borrowing students. After receiving the notice from the school, the handling bank will stop issuing loans that have not yet been issued, and take measures such as recovering the principal and interest of loans in advance to handle relevant procedures for students.
In addition, borrowing students who continue to pursue their degrees after graduation can apply for loan extension. Borrowing students should apply to the original school for extension 30 days before graduation, and provide relevant certificates to continue their degree study. After the approval of the original school, the handling bank will handle the extension formalities for it.
After graduation 1 year, the borrower may apply to the handling bank for adjusting the repayment plan, including adjusting the repayment method, and the handling bank will accept it and make reasonable adjustments according to the actual situation and relevant regulations.
Borrowing students studying abroad after graduation should take the initiative to inform the original handling bank to pay off the loan in one lump sum.
The handling bank will establish a loan repayment monitoring system for borrowing students, and announce the names, ID numbers, graduation schools, default behaviors and other information of borrowing students who have been in arrears for more than one year and have not actively contacted the handling bank.
If you apply for a loan, you can go to Easy Loan China, which is more detailed.