What are the factors that affect the amount of student loans?
1. Personal credit status
Personal credit is one of the main factors affecting the amount of student loans. Students with good credit can get higher loan amount and lower interest rate. Therefore, students should pay attention to the establishment of personal credit and keep good credit records and repayment records during their college years.
2. Guarantee ability
Guarantee ability is also an important factor affecting the amount of student loans. Lending institutions usually require guarantees or guarantors when approving loan applications to ensure the safety of loans. Therefore, if students have reliable guarantee ability, the loan amount will be increased accordingly.
3. School type
The type of school also affects the amount of student loans. Generally speaking, students from prestigious schools, 985/21KLOC-0/universities and key disciplines can get higher loan quotas. Because students in these schools are more likely to find good job opportunities and have stronger repayment ability.
4. Compulsory major
The required major is also one of the factors that affect the amount of student loans. Some high-paying and high-demand majors, such as computer science, artificial intelligence and finance, can get higher loan quotas. Because the students of these majors have better employment prospects and income levels after graduation.
What are the repayment methods of student loans?
1, paid off in one lump sum before graduation.
During students' study, the interest on student loans shall be borne by the Ministry of Finance. Starting from September 1 of graduation year, students need to bear their own interest. Therefore, if you choose to pay off the loan in one lump sum before graduation, you can only repay the loan principal without paying interest.
2. Repayment by installments after graduation
If students are under great financial pressure, they can choose to repay by installments after graduation. This method requires repayment on schedule, and the principal and interest are regularly deposited in the bank card or Alipay account to ensure the deduction amount.
3. Advance payment
After graduation, you can apply for prepayment in the student source loan system every month except June 5438+065438+ 10. If prepayment is required, please submit your application before 15 every month as far as possible, so that you can pay less interest for one month. If the repayment fails in the current month, the application for prepayment will be submitted repeatedly in the next month.