1. What is the term of the ICBC national student loan?

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The maximum term of the national student loan is 10 years, usually Pay off the loan within 6 years after graduation. There can be a loan grace period of 1 to 2 years.

National Student Loan Process:

1. Students apply:

Students receive the "National Student Loan Application Approval Form" and other materials and fill them out truthfully and completely , and prepare relevant supporting materials and submit them to the school's national student loan agency

2. The school agency conducts preliminary loan review:

The school agency issues an application at the National Student Loan Management Center Organize students to apply for loans within the annual loan quota and control ratio, and accept student loan applications.

3. Loan approval by the handling bank:

After receiving the "Information Form" and application materials submitted by the school, the handling bank will complete the review within 20 working days.

4. Sign a loan contract with students:

After the loan application is approved, the school will organize students to fill in the loan application within 10 working days based on the list of borrowing students provided by the handling bank. Sign the loan contract and IOU and submit them to the handling bank.

5. Loan issuance:

The handling bank will issue the first-year tuition, accommodation and living expenses loan within 20 working days after signing the loan contract and IOU with the student borrower. All funds will be transferred to the designated account opened by the school at the handling bank.

6. Loan repayment.

2. National student loan period

Legal analysis: The maximum period of national student loan does not exceed 20 years, which is usually the period of study plus 13 years. For example, the period of undergraduate study is 4 years, then the loan period is 17 years. If the student continues to study for graduate school, it can be extended accordingly, but the time will not exceed 20 years. The maximum allowance per person per academic year for full-time undergraduate and junior college students shall not exceed 8,000 yuan, and the maximum allowance per person per academic year for full-time graduate students shall not exceed 12,000 yuan.

Legal basis: "Notice of the National Student Financial Aid Management Center on National Student Loans (Undergraduate and College Students)" (2) Credit Student Loans in the Place of Origin

5. Repayment Period and repayment methods

The term of credit student loans in the place of origin of students is determined in principle according to the full-time undergraduate and junior college system plus 10 years, and the longest cannot exceed 14 years. Among them, the remaining study years for current students are determined according to the remaining years of study plus 10 years. . If the schooling period exceeds 4 years or continues to study for a postgraduate degree or a second bachelor's degree, the student's loan repayment period after graduation will be shortened accordingly. The grace period is the period during which the student is in school and two years after graduation. After the grace period, the student and parents (or other legal guardians) will repay the principal and interest of the loan in annual installments as agreed in the loan contract.

3. What is the maximum period of national student loans?

1. National student loans

The maximum loan period is 20 years, with a grace period for principal repayment. 3 years, only need to apply for a national student loan during the grace period

2. Conditions for applying for a national student loan

1. Family financial difficulties

2. Possession of the People's Republic of China Nationality of the People's Republic of China, People's Republic of China resident identity card

3. Have full capacity for civil conduct (without the written consent of the guardian)

4. Behavior

5. Study hard and be able to

Expand information:

1. Application materials for national student loans

1. National student loan application

< p>2. Copies of my student ID card and resident ID card (minors must provide valid proof of identity of their legal guardian and proof of written consent to apply for a loan)

3. My explanation of my family’s financial difficulties< /p>

4. Proof of financial difficulties of the student’s family

2. Consequences of default

1. If a student borrowing a national student loan fails to repay according to the agreement signed with the handling bank, If the loan is repaid within the time limit and amount specified in the agreement, the handling bank will charge penalty interest on the default repayment amount

2. The handling bank will enter the default situation into the personal credit information basic database of the People's Bank of China for All financial institutions across the country conduct inquiries in accordance with the law.

Restrictive measures will be taken against defaulting borrowers who maliciously default on their loans and housing loans will not be provided

3. For borrowers with serious continuous defaults in repayment, the relevant administrative departments and banks will communicate through the news media and the Internet, etc. Information channels publish information such as their name, citizenship number, graduation school and specific breach of contract

4. Lenders who seriously default will also bear relevant legal liabilities

Reference information