How to repay college student loans

National student loans do not need to be repaid during the period of study, and the interest is subsidized by the government. Students who borrow the loans only need to agree with the bank when they graduate. Any day in the next 24 months is the first repayment date, and the loan must be repaid within 6 years from the first repayment date. The loan repayment method can be the equal principal and interest repayment method or the equal principal repayment method. The advantage of the equal principal and interest repayment method is that the monthly repayment amount is relatively small and fixed, and the repayment pressure is small. The disadvantage is that the interest paid during the entire repayment period is relatively large; the interest paid during the entire repayment period of the equal principal repayment method is It is relatively small, but the total amount of principal and interest in the early repayment is relatively large, and the early repayment pressure is high, so it is not suitable for college graduates who have just started working. After choosing one of these two repayment methods, if your repayment ability increases significantly (such as winning the lottery, haha), you can also pay off all the money in advance. In addition, the interest between the 1st of the first month after graduation and the first repayment date must also be paid by the borrower. You can choose to pay it off in one go on the first repayment date or amortize it in subsequent months.

How to repay national student loans?

The longest period of national student loans shall not exceed 6 years after graduation. No interest will be paid on student loans while in school, and the full amount will be paid from the 1st (inclusive) of the month following the date of obtaining the graduation certificate. Interest. When loan students complete, drop out of school, drop out of school, or have their student status canceled in accordance with the school's student status management regulations, they will pay interest from the 1st of the month following the date of handling the relevant procedures. (1) National student loans are implemented by the financial Interest discount (that is, the borrowing students do not need to pay interest while they are in school). The borrower's loan principal, interest and penalty interest will be paid in full by the borrower after graduation. (2) Before the borrowing students graduate and leave school, the school organizes the borrowing students to handle the repayment with the loan bank. Complete the loan confirmation procedures, formulate a repayment plan, sign a repayment agreement, and repay the loan after graduation. The borrower can start repaying the loan 1 to 2 years after graduation and repay it in full before the loan expires. The details are determined by negotiation between the borrower and the borrower. (3) If the loan term is less than one year (including one year), the principal and interest of the loan will be paid off in one go when the loan matures; if the loan term is more than one year (exclusive), flexible principal and interest payment methods can be adopted , determined by negotiation between the borrower and the lender. (4) The bank deducts the loan principal and interest repayable from the borrower's personal account opened with the bank on the 20th of every month. (5) Students can repay part or all of the loan in advance. There is no need to apply to the bank for early repayment. (6) Borrowing students can apply to the bank to adjust their repayment plan within 1 year after graduation, including adjusting the repayment method.

How to repay student loans

If it is a national student loan handled in the school, there will usually be a repayment agreement when you graduate. You only need to follow the agreement every month on the designated bank card. Just deposit enough amount.

How to repay the China Development Bank student loan

There are currently two repayment methods for student loans:

1. Alipay repayment.

Early repayment of China Development Bank student loans

Before the 10th of each month.

Login - China Development Bank Student Loan Information Network [1]

Find the personal account login platform on the page you visited, enter the account number, password, and verification code, and then Log in.

Find the early repayment application

Follow the requirements to apply for early repayment. The application date for early repayment is from the 1st to the 10th of each month (except November)

Requirements:

1. If you need to perform early repayment, please click "Add" button to enter the new page for early repayment.

2. In the new page, select the corresponding contract number, and the system will display the information that needs to be filled in. After confirming the information, click the "Submit" button to complete the new addition operation.

3. If you use Alipay to repay, please log in to the Alipay system to recharge your Alipay account.

4. The accounting processing period begins after the 10th of each month. Fees will be automatically deducted from Alipay on the 20th of each month. The repayment information may not be updated in time. Please check the system for accurate repayment results at the beginning of next month.

5. After applying for early repayment, please ensure that your repayment account balance is sufficient. Whether the repayment is successful, please log in to the system at the beginning of next month and check in the "Early Repayment Application". If early repayment is unsuccessful, please apply again.

For specific repayment records, please check your loan background repayment records.

2. Bank repayment.

1. Before going to the bank, you must bring all the information for applying for a student loan, as well as your ID card, bank card, etc. The most important bank card password must be remembered, otherwise you will be charged Your application process will bring more trouble;

2. After entering the bank, queue up to get a number, then go to the staff to get the application form and fill in all the contents in detail;

3. Go to the counter to complete the loan repayment procedures;

4. Submit the "Repayment Certificate" to the relevant person in charge.

How to repay national student loans

National student loans do not need to be repaid during the period of study, and the interest is subsidized by the government. Students who borrow the loans only need to agree with the bank when they graduate. Any day in the next 24 months is the first repayment date, and the loan must be repaid within 6 years from the first repayment date. The loan repayment method can choose the equal principal and interest repayment method or the equal principal repayment method. The advantage of the equal principal and interest repayment method is that the monthly repayment amount is relatively small and fixed, and the repayment pressure is small. The disadvantage is that the interest paid during the entire repayment period is relatively large; the interest paid during the entire repayment period of the equal principal repayment method is It is relatively small, but the total amount of principal and interest in the early repayment is relatively large, and the early repayment pressure is high, so it is not suitable for college graduates who have just started working. After choosing one of these two repayment methods, if your repayment ability increases significantly (such as winning the lottery, haha), you can also pay off all the money in advance. In addition, the interest between the 1st of the first month after graduation and the first repayment date must also be paid by the borrower. You can choose to pay it off in one go on the first repayment date or amortize it in subsequent months.

How to repay the national student loan in one lump sum

This can be repaid in advance. Just take your Bank of China card and deposit the loan principal and the next one or two into it. Monthly interest, go to the bank where the card is opened (usually a loan bank) to apply for early repayment. For a 6-year term, the principal is usually repaid with interest in the first 2-4 years, and the principal and interest are repaid in equal installments in the next two years

How to repay the China Development Bank student loan with Alipay

National Development Bank student loans have been repayable via Alipay since June 2011. The traditional repayment method is to submit a repayment application in the student loan online system on the 1st to 10th of each month in every month except November. Recharge the principal and interest payable in full into your Alipay account before the 20th of the month when you apply for early repayment, and the China Development Bank will deduct the amount on the 21st. Now the China Development Bank and the Alipay platform have launched a new Alipay active repayment method under the premise that the traditional repayment method is still running. The description is as follows:

The first thing to remind is that Alipay recharge is The funds can still be used, and according to the settings of the Alipay platform, the funds recharged into the student repayment Alipay account with a bank card cannot be withdrawn or consumed, and can only be returned to the recharged bank card through "recharge return" (i.e., use Zhang San Li Si's online banking recharged Li Si's repayment Alipay account. The funds could not be consumed or withdrawn by Li Si, and could only be returned to Zhang San's online banking through "recharge and return").

1. Conditions and advantages of using Alipay’s active repayment

(1) Students applying for repayment still need to go to the student loan personal online website on the 1st to 10th of the month they apply for repayment. Submit a repayment application in the system;

(2) Funds using the active repayment method will be deducted directly without recharging and will be deducted until the 21st.

2. After submitting the repayment application, log in to your Alipay account after the 11th of the month (it can be the Alipay account for system repayment, the Alipay account you use daily, or someone else’s Alipay account), click In the "My Applications" column in the "Toolbar" on the right, select "Student Loan Repayment" in the application box and click "Finish";

3. Return to "My Applications" and click "Assistance" "Student loan repayment" - "I want to repay" - enter the loan student repayment Alipay account (repayment account in the online system) in the "Borrower Alipay account name" - enter the loan student ID number (ID number in the loan system) - enter the verification code - click "Query Loan Repayment Information"

Then the principal and interest of the student loan corresponding to the repayment Alipay account and ID number will be displayed in Wait for confirmation on the page. After confirming that the repayment information is correct, click "Next" to enter the cashier for payment;

4. At this time, there are two ways to repay, online banking or quick payment. Use online banking. Just choose online banking for the next step of repayment (recommended).

If you already have a quick payment bank card on Alipay, you can repay directly through quick payment. If you don’t have quick payment and online banking, you can directly use a savings card to complete quick payment repayment:

For the first payment, you need to fill in the bank verification information. First, select the name of the bank where the repayment savings card is located, such as "Industrial and Commercial Bank of China", click "Next", enter your repayment savings card number and mobile phone number according to the system prompts, and click "Get Verification" Code" and enter the Alipay payment password, click "Confirm activation and payment". The bank card will be set as a quick payment card. When repaying, you can directly use the quick payment and enter the payment password to complete the repayment.

How do you repay the national student loan after working?

Your situation is not very good. Student loans generally have to be repaid monthly according to bank regulations after graduation. Within 2 years after graduation, you only need to repay the interest at the central bank's loan interest rate every month, and you do not need to repay the principal; from the 3rd to 6th year after graduation, you need to repay both the principal and interest every month. Generally, a repayment agreement will be signed with the bank upon graduation, and the monthly repayment amount is basically a fixed number.

This is a general principle, mainly for situations where it cannot be repaid in one go. In your case, the loan amount is small and you can definitely pay it off in one lump sum now. However, if you can't pay it off in one lump sum when you just graduated, according to regulations, you should pay it back to the card you applied for at school every month after graduation. If you deposit interest in your account, the bank will automatically deduct it. Now that you have not repaid the loan as required after a year, generally speaking, it has had a negative impact on your personal credit record.

What you need to do now is to contact the school’s department responsible for student loans. There is usually a student loan office under the student office. Find them and ask for the contact information of the bank responsible for student loans, including where. Bank, branch name, contact number. Then call the bank, provide your name and ID number, and ask them to help you check whether there is any bad record on your personal credit, and ask about the repayment method.

Generally, one-time repayment needs to be made in person at a local bank (and a designated branch). If you cannot transfer or remit money through the bank, you'd better go there and pay off the money yourself. Ask questions about your personal credit record clearly, otherwise once a bad record is created, it will have an impact on your future home loan and car loan. Don’t worry about this little thing. If it is really inconvenient for you to go back, you can find a local friend to help you handle it, but it is very troublesome.

Be sure to pay attention to this matter and wish you good luck!

How to repay the China Development Bank student loan

To repay the loan in one go, log in to the China Development Bank student loan system and do it on the 15th of any year except November. Previously, I applied for "early repayment", then logged in to the bound Alipay account, transferred the money to Alipay, and waited for deduction or repayment by myself.

Can the China Development Bank student loan be paid off in one go?

Can it be paid off in one go? The school will probably notify you to return it as soon as you graduate in June.

If I haven't notified you, just check the date online and keep an eye on it. You can find it by entering "National Student Loan", and you can enter according to the number and password you used when you signed the contract. If you repay it in August of the year you graduate, no interest is required. The requirement is that the period from graduation to repayment cannot exceed five years at the latest. If you delay the repayment, you will be charged bank interest.