Legal analysis: Although campus loans have the characteristics of simple and convenient procedures and rapid disbursement, excessive interest rates and liquidated damages will cause serious burdens on students. The bank loans students apply for are government-led loans with interest subsidized by the state. Banks, education departments, and universities work together to help college students from poor families pay tuition and accommodation fees. The interest rates are low and no guarantee or mortgage is required. After graduation, the loan must be repaid in installments as promised. If the loan is not performed on time, you will also bear legal responsibility.

Legal basis: Article 675 of the "People's Republic of China and Civil Code" The borrower shall repay the loan within the agreed time limit. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; the lender may urge the borrower to return it within a reasonable period of time.