When filling in the number of years of student loans, it is recommended to choose the highest number of years. On the one hand, it can reduce the repayment pressure of borrowers and students. If you choose a six-year loan term, it means that students need to complete the repayment in the first two years after graduation.
On the other hand, although the longer the loan term is, the more interest will be generated, but the student loan can be repaid in advance. In the case of sufficient economic conditions, the student loan can be repaid in advance, and no additional prepayment expenses will be incurred.
In short, when choosing the term of student loan, it is suggested to choose the highest loan term on the basis of one's own academic year. For example, when a student applies for a student loan in the first year of college, the longest loan period can be 14 years. If the full-time undergraduate program lasts for more than 4 years, or if students continue to study for postgraduate or second bachelor's degree, the repayment period after graduation will be shortened accordingly.
How long can a student get interest after graduation?
After graduation, the interest on student loans will be calculated in September this year. Because loan students usually start school in September, the loan will end in September regardless of whether they apply for 4 years, 5 years or longer. So from September 1 to February 20th 1 in the first year after graduation, the total number of days is ***8 1, and there will be interest every day.
Moreover, students repay 65438 on February 20 every year after the repayment begins, and overdue repayment will generate penalty interest.