It doesn't matter. The period of student loans is 1 years, and the interest rate is based on the benchmark interest rate. The interest of students during their school years is fully subsidized by the state, and after graduation, they have to pay their own interest. Considering that some students may not be able to find jobs in time after leaving school, the state has also set up a two-year grace period after graduation. During the grace period, students only need to pay interest without repaying the principal.

However, due to the lack of understanding of the policy, many students think that the grace period means that there is no need to repay or pay interest. As a result, some overdue repayments have occurred. If it is overdue in bad faith, you can explain it to the bank and cancel your bad credit record.

Extended information

Repayment process

Loan students can inquire about the repayment amount at the student source county (city, district) financial aid center or log in to the online service system of student source loan of China Development Bank to inquire about the "principal repayment plan" and "loan and repayment".

before December 15th, the loan students should recharge the repayable funds into the Alipay opened at the time of loan or directly use the repayment function of Alipay to make repayment. You can also rush the repayable funds into UnionPay cards (excluding overdraft card) and brush the pos machine at the county-level student financial assistance management center for repayment. From January 1st of the following year, loan students can log on to the student online system to check the repayment status.

Baidu Encyclopedia-Student Loan