The interest of student-origin student loan is calculated from September of the year when college students graduate. Before graduation, the interest of student-origin student loans is subsidized by the government. Students who borrow money do not have to pay interest. After graduation, students began to repay their loans every year. The loan interest after September 1 of graduation year shall be borne by the borrower, and the government will no longer subsidize the interest.
I. Concept and main uses of national student loan The national student loan is a bank loan led by the government, subsidized by the government, jointly issued by the finance and universities to banks, with certain risk compensation, and jointly operated by banks, education administrative departments and universities to help the development of universities. Students with financial difficulties pay tuition, accommodation and living expenses during their studies at school. The national student loan is a credit loan. Students do not need to apply for loan guarantee or mortgage, but they must promise to repay on time and bear relevant legal responsibilities. After receiving the letter of admission, students can consult the school about the specific matters of handling the national student loan. After arriving at the school newspaper, students can apply for national student loans from financial institutions through the school.
2. The concept of student-origin credit student loan The student-origin credit student loan is applied by the student or his legal guardian to the rural credit cooperatives, banks and other financial institutions where the family is located. There is no need for guarantee or mortgage, but it is necessary to promise to repay on time and bear relevant legal responsibilities.
In 2007, the state launched pilot projects of student loans in Jiangsu, Hubei, Chongqing, Shaanxi, Gansu and other places. Relevant departments are studying and formulating measures to further expand the coverage of credit student loans from students' places of origin. Students can consult the local county-level education administrative department about the specific handling of student-origin credit student loans. Generally speaking, the state-funded student loans during school are state-funded student loans. The student loan applied to colleges and universities is called a student loan, and the student loan applied to the management bank where the household registration is located is called a student loan. There is no difference between them. In the final analysis, it is to help students from poor families solve their tuition and accommodation expenses. You can apply before and after class. Students studying in colleges and universities in the province mainly recommend student-origin student loans.
Students can apply for national student loans every academic year. According to the relevant regulations, in principle, each student should not exceed 6000 yuan per academic year. The source of student loans is also.
Public full-time colleges and universities that carry out national student loans should actively implement the national student loan policy and handle national student loans for poor families with cooperative banks. In addition, some private colleges and universities have also launched national student loans. Students should pay attention to the relevant instructions in the school enrollment brochure or admission notice.
How long does it take for a student to graduate without interest?
When I was in college, I applied for a student loan and waited until I graduated. There is a grace period for repayment after graduation. During the grace period, you only need to pay the principal, not the interest.
As for the specific period of the grace period for repaying the principal, the Ministry of Education, the Ministry of Finance, the People's Bank of China and the China Banking Regulatory Commission mentioned in the Notice on Adjusting and Perfecting the Relevant Policies of the National Student Loan in July 2020 that the grace period for repaying the principal was extended from 3 years to 5 years.
In other words, after graduation, students do not need to pay interest for repayment within five years, but only need to repay the principal; Wait until five years after graduation, and then repay the principal and interest of the loan annually. As for the interest of students during their school days, they will be fully subsidized by the finance.
As for the interest rate of student loans, starting from June 65438+1 October1in 2020, the interest rate of newly signed student loans will be reduced by 30 basis points according to the LPR list price of the same grade in the same period (one basis point is equal to 0,01%). The loan period of student-origin student loan is academic system plus 15 years, and the longest is no more than 22 years.
If you don't understand the big data on your own network, you only need to search: Beijian Quick Check, click Query and enter information to find your own 100-line credit data. However, with the establishment of Baixing Credit Information, almost overdue online loans will affect personal credit in the future. You must pay attention to your ability when borrowing money.
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When will the interest on student loans be repaid after graduation?
Students who graduated in June and had student loans began to bear interest in September of that year, and then the first repayment date was 65438+ February 20 of that year. Borrowing students need to repay before 65438+February 65438+May (the money will be credited to the special Alipay account for student loans, and the system will automatically deduct it on the repayment date).
We should note that the student loan has a grace period of five years, so in the first five years after graduation, the borrower only needs to repay the interest, not the principal for the time being. After the five-year grace period, the borrower will repay the loan principal and interest on time and in installments according to the repayment plan agreed in the contract.
If you want to repay in advance, you can log on to the student loan information network of China Development Bank to apply. You can apply from 1 to 10, but 1 1 cannot apply for prepayment.
Whether it is early repayment or due repayment, as long as it is guaranteed to repay on time within the prescribed repayment period and avoid overdue.
When does the student loan not bear interest?
After students apply for student loans, they begin to repay after graduation. China Development Bank provides a three-year grace period for repayment of principal. After graduation, the student loan will be repaid directly before September of that year 1, and only a small amount of interest is required. However, only the interest during school is free. If you don't want to pay interest, you need to apply for early repayment during school, just pay back the principal without paying interest. Repayment after graduation, even in the year of graduation, also need to pay some interest. Only the interest during school is free. If you don't want to pay interest, you need to apply for early repayment during school. Students don't need to pay back during their studies, and the loan interest during their studies is fully subsidized by the finance. The longest term of student loans is 20 years. If the borrower has studied for more than 4 years, or chooses to pursue a higher degree (such as a postgraduate degree or a second bachelor's degree), the repayment period will be shortened accordingly.
If students want to repay the student loan, they can pay through Alipay. An Alipay account will be generated when the loan is made. Customers only need to deposit the current repayment into Alipay account before the repayment date, and the system will automatically deduct the money. The annual repayment date of the student loan is 65438+February 20th, and the last year is September 20th. General student loans should be paid off on 17, and the longest repayment period should not exceed 20 years.
Because the loan time of student loans is determined according to the academic system+13, the university academic system is generally 4 years. If the borrower continues to pursue a degree after graduation, the loan period can be extended to no more than 20 years.
In addition, student loans can be repaid in advance. If the borrower pays off the loan before graduation, there is no need to pay interest, because before graduation, all interest is subsidized by the state, and interest will be collected after graduation. Customers should remember to deposit their money before 12, 15 (last September 15).