Financial payment. The national student loan interest of the borrower during the school period is paid by the finance, and the interest is paid in full by the borrower after graduation. Student loan is a loan product jointly issued by the state finance, relevant universities and banks to ensure that college students with financial difficulties can successfully complete their studies.

Who will bear the national student loan interest during the student loan period?

The national student loan interest shall be borne by the national financial department during the student loan period.

China Student Loan is an interest-free loan provided by the state to students in China, aiming to help them solve their living expenses during their study. From 65438 to 0987, the enrollment of freshmen in colleges and universities began to be fully implemented.

Institutions of higher learning or majors that implement professional scholarships do not implement the student loan system.

The loan funds come from the funds allocated by the state authorities to institutions of higher learning. All students who meet the application conditions can apply, and their parents are repayment guarantors, which can be obtained with the approval of the school.

How to pay the interest on student loans? How to repay the student loan? Bank channel

During the period of studying in school, all the interest generated by the national student loan will be subsidized by the special discount funds arranged by the financial department, and will be distributed quarterly by the National Student Financial Assistance Management Center. After graduation, the borrower pays all the interest generated by the national student loan on a monthly basis, starting from the first interest settlement date after graduation.

Borrowing students who do not continue to pursue their degrees in the year of graduation will choose the grace period to repay the loan principal and interest according to their employment situation and income level, that is, they will start to repay the loan principal and interest in any month within 60 months after graduation. Specific matters shall be applied to the handling bank by the graduating borrowing students when they go through the repayment confirmation procedures, and shall be examined and approved by the handling bank. Students who borrow money during the grace period only need to repay the interest, not the loan principal.

For details, please consult the loan handling bank of China.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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