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What will happen if you don’t submit the receipt for your student loan?

If the student loan receipt is not submitted, the school will not be able to enter the loan information. At that time, the student loan application will be withdrawn, the student will not be able to apply for a student loan, and the loan will not be effective. The reason why the school requires students to submit the student loan receipt is because the school needs to use the receipt code on the receipt to understand the student's loan status so that it can deduct the corresponding tuition fees.

Therefore, after admission, students must submit the student loan receipt to the school director in a timely manner, and the school director shall submit it to the Student Financial Aid Center. The usual deadline is 30 days after the start of the semester.

Does the student loan receipt only need to be submitted once?

If students have student loans every year, they must be paid once a year. Freshmen who are not applying for student loans only need to submit the student loan receipt when they enroll. If they do not need to renew the loan in the future, they do not need to submit it. What we need to note is that loan renewals also require submission of acknowledgment slips.