1. What application materials should be submitted for the national student loan? To apply for a national student loan, you must first provide the following materials:
1, national student loan application; 2. Copy of my student ID card and resident ID card (minors must provide valid identification of legal guardians and written consent to apply for loans); 3. I explain the family's financial difficulties; 4. Proof of family financial difficulties issued by the relevant department where the student's family is located. The students themselves shall bear legal responsibility for the authenticity of the certification materials provided by them.
Second, what are the disadvantages of student loans?
The disadvantage of student loans is that students' failure to repay on time will affect their credit. Because the credit information systems of China Development Bank and China People's Bank are networked, the information of student loans will be recorded.
As long as students can repay their loans on time, student loans have no disadvantages, only benefits. Advantages: 1, discount during school. Students don't have to repay the principal while studying at school, and the loan interest is subsidized by the government, so they don't have to pay it themselves; There is a grace period of three years to repay the principal. Students only need to repay the loan interest in the first three years after graduation and the principal in the fourth year. Moreover, within three years of graduation, students should have found a job and have the ability to repay; 3. Low interest. The student loan interest is subject to the benchmark interest rate of CreditEase Loan of China People's Bank, and does not float.
3. Why is prepayment of student loans taboo?
The student loan does not need to repay the principal and interest during the school period, but only needs to repay the principal and interest in the first two years after graduation. The loan interest rate is implemented according to the benchmark interest rate of the same grade announced by the central bank in the same period and does not rise. Therefore, student loans are relatively cost-effective within two years after graduation, which can reduce the economic pressure of students after graduation. But it is also good to pay off in advance after graduation. One-time repayment can avoid installment interest, so if the funds are sufficient, you can also consider prepayment.