undertaken by financial institutions such as China Development Bank. The national student loan in Henan Province is a credit loan issued by the National Development Bank and other financial institutions to eligible freshmen and students in colleges and universities with financial difficulties. Students and their parents (or other legal guardians) need to become * * * borrowers and * * * bear the responsibility of repayment. Students and parents apply to the student financial assistance management center or financial institution in the county (urban area) where the students are registered.

1. The specific process of student loan for college students:

1. Apply for a loan. Students are required to submit a loan request to the bank through the school after the start of the new school year (the detailed time is clearly stipulated by each school). The school will first check the qualifications of the materials submitted by the students for the national student loan request, and take charge of their completeness, authenticity and legality. The preliminary examination will be completed within 2 working days after receiving the student loan request.

2. The bank approves the loan application. The handling bank shall end the signing work within 15 working days after receiving the loan contract and the debt due from the school, and deliver the signed loan contract to the school within 5 working days. After receiving the loan contract and debt, the school will return it to the borrower within 5 days.

3. sign the loan contract. After the loan request is approved, the school will complete the work of arranging students to fill in, sign the loan contract and owe according to the roster of loan students submitted by the handling bank within 1 working days, and submit it to the handling bank. The handling bank shall complete the signing work within 15 working days after receiving the loan contract and the debt due from the school, and deliver the signed loan contract to the school for arrangement within 5 working days.

4. The borrowing bank issues loans. The bank applies for a debit card or current passbook for each student. The national student loan implements the method of one request, one credit and installment, that is, students can sign loan contracts with the bank for multiple academic years at a time, but the bank will issue them in different years. A school year tuition and accommodation loans, the bank should be a one-time payment; The bank (or school) will pay the living expenses loan to the students every 1 months.

5. repay the loan on time. Borrowing students should pay attention to personal credit and repay loans on time after applying for student loans to complete their studies.

ii. Consequences of student loan default

① If the borrower of the national student loan fails to repay the loan within the time limit and amount agreed in the repayment agreement signed with the handling bank, the handling bank will charge a penalty interest on the amount of default repayment.

② The handling bank will enter the default information into the basic database of personal credit information of the People's Bank of China for all financial institutions in China to inquire according to law. Take restrictive measures against defaulting borrowers who maliciously default on loans and refuse to provide financial services such as housing loans and auto loans.

③ The relevant administrative departments and banks will publish the names and citizenship of borrowers who are seriously in arrears in repayment.