The interest rate policy of the national student loan and the student source credit student loan is: the benchmark interest rate of the same grade in the same period announced by the People's Bank of China will not rise. The interest of students during their school days is fully subsidized by the finance. The interest actually repaid by students after graduation shall be implemented according to the interest rate of the same period of the year.

1The latest benchmark loan interest rate of 20 1010 was announced on October 20th.

Interest rate item annual interest rate (%)

I. Short-term loans

Six months (inclusive) 5. 10%

Half a year to one year (inclusive) 5.56%

Second, medium and long-term loans

One to three years (inclusive) 5.60%

Three to five years (inclusive) 5.96%

More than five years 6. 14%

Interest = principal × interest rate × term

According to the above interest rate, the total amount of your loan is 12000 yuan, and the interest during the university period will be paid by the government without interest. The interest after half a year's graduation is 6 12 yuan, so you have to pay back 12 yuan.