The longest loan period of student loans is 13 years, and the longest loan period is no more than 20 years. The minimum loan period is 3 years, 6 years for junior college students and 7 years for undergraduates. The interest generated by the student loan during the school period shall be borne by the finance. Three years after graduation is the grace period for repayment. The borrower pays the interest himself, but does not need to repay the principal.