When will student loans be disbursed to student accounts?

Whether students apply for student loans from their place of origin or university student loans, in most cases, student loans will be issued after 11 Receipt before the end of the month. However, the last application time for college student loans in some colleges and universities is December, so some students’ student loan amounts will be received in December.

After students start school, they submit applications for college student loans, and then both the school and the bank will review the information. After passing the review, the school will ask the student to sign a loan contract as soon as possible. After signing the electronic contract, the student loan will be released to the Alipay account marked in the contract 20 working days later.

If students apply for student loans in June or July, then the student loans will most likely be disbursed around September. If a student applies for a student loan in September, the loan will most likely be received in mid-November.

It should also be noted that if a student is underage before entering college, he or she must bring a guardian’s written consent when applying for a student loan. Otherwise, banks and schools will not be able to approve the student’s student loan application. Loan application.

We also need to remind everyone that during school, the interest generated on student loans will be paid by a third party. During the first two years after graduation, students only need to repay interest. Students need to start repaying the principal in the third year after graduation.

When applying for a student loan, you generally need to submit a student loan application, a copy of your student ID card and resident ID card, a statement of family financial difficulties, etc. If the borrower is a minor, the application must be approved by the guardian. Written consent and finally other regulations of the bank.

Applicants for student loan applications must be full-time undergraduate students, junior college students (including vocational students), graduate students, and students with financial difficulties who are pursuing a second bachelor's degree. Students who do not meet these conditions cannot apply.

After applying for a student loan, students will not incur any interest while attending school, but they need to repay it in time after graduation. After graduation, bank accountants will charge interest. Failure to repay in time will have a negative impact, especially after personal overdue records are uploaded to the credit center, and further borrowing from the bank will be rejected. When a college student repays his student loan, will the system automatically deduct the money after transferring the money to his Alipay account?

Yes, it will automatically deduct the money.

Before the repayment date, the funds to be repaid need to be recharged to the borrower's Alipay account. The Alipay system will deduct the corresponding funds from the borrower's Alipay account on the deduction date and transfer them to the National Development Bank. bank.

The 21st of each month is the Alipay deduction day. Please check your Alipay account balance on the 22nd. If the funds have not been deducted, the repayment will be unsuccessful. If the funds have been deducted, please log in to the loan on the 1st of the following month. The system confirms whether the repayment is successful.

Extended information

1. Normal repayment

The so-called normal repayment means that the borrower repays the loan principal and interest in full and on time as stipulated in the loan contract.

2. Early repayment

The so-called early repayment means that the student borrower pays off the principal and interest of the loan in one lump sum before the loan contract expires. Therefore, students who do not want to pay interest on student loans can choose to pay off the loan principal before graduation.

Log in to the China Development Bank’s student loan student system after November 20 each year to check the principal and interest payable for the current year, and deposit the amount into the corresponding loan account before December 15. The bank will Automatically deducted on December 20th. If you use Alipay to repay, Alipay will send a repayment notice to the borrower via text message or email five days before the repayment date. If your mobile phone number or email address changes, please log in to the China Development Bank student loan student system in time to make changes. .

You can apply for early repayment from January to October every year. Early repayment requires you to pay off all the outstanding debts of a contract at once.

Students borrowing money must add a new application in the China Development Bank’s student loan student system or submit an application to the local county financial aid center teacher before the 10th of each month, and deposit the full amount of funds before the 15th of the month. Corresponding repayment account.

Deductions will be made on the 20th of every month. If Alipay is used for repayment, Alipay will deduct the corresponding amount from the student's personal Alipay account on the early repayment deduction date and feedback to the borrowing student through text messages and emails.

Students can log in to the online system to check the results of early repayment. If the current early repayment fails, you will need to resubmit the application within the specified time for the next early repayment. When will the excess money from the student loan in the student’s place of origin arrive?

Student loan funds in the student’s place of origin usually arrive around November of the year of application, and are directly transferred to the Alipay account. You can use this money to offset your tuition and accommodation fees. If you have extra money, you can use it as living expenses.

The student loan from the student’s place of origin will be credited to the student’s Alipay account, and there will be a payment notification at that time. Students can pay more attention to Alipay notification reminders within a period of time in November. Students will begin to repay interest on an annual basis after graduation from the normal academic system. They will begin to repay loan principal and interest on an annual basis in the sixth year after graduation. If the repayment is overdue, it will affect the student's personal credit score.

The Development Bank stipulates that student loan contracts for the student’s place of origin are signed once a year. When signing the loan contract for the first time, the student borrower and *** and the borrower must be present at the same time; when renewing the loan contract, either the student borrower or *** and the borrower can handle the process with a "Letter of Authorization".

If the remaining money from the student loan in the student’s place of origin is not used, it will always be kept in the Alipay account and can be used to repay the interest generated after graduation. Every time you apply for a student loan, the amount should be based on your repayment ability and should be within your ability. How long does it take for the student loan to be refunded after the school deducts it?

Mid-November

Generally, the school will refund the excess money in mid-November. In fact, the excess money from the student loan has always been left in Alipay, and the school will automatically deduct the tuition fees, and the remaining money will be refunded. All the money is in Alipay.

Note:

The student loan from the student’s place of origin will be credited to the student’s Alipay account, and there will be a receipt notification at that time. Students can pay more attention to it within a period of time in November. Alipay notification reminder. Students will begin to repay interest on an annual basis after graduation from the normal academic system. They will begin to repay loan principal and interest on an annual basis in the sixth year after graduation. If the repayment is overdue, it will affect the student's personal credit score.

Student loan funds are generally directly disbursed to the exclusive Alipay account of the China Development Bank student loan that only borrows students. However, when it is released, the funds will be frozen, and then the Alipay system will immediately transfer the funds to the school's designated account. After the school deducts the corresponding tuition fees, the remaining funds in the Alipay account balance will naturally no longer be frozen, and students can withdraw cash to their bank cards. use.

So it is not distributed to the school first, and then the school will return the excess money to the students. Student loan funds are generally disbursed from late October to mid-November, and students can log in to Alipay to check their fund status.