According to the national student loan policy, students who apply for this loan do not need to pay interest during their normal study at school, but they need to bear the loan interest from September 1 day of the graduation year.
The national student loan interest rate shall be implemented in accordance with the statutory loan interest rate announced by the People's Bank of China and the relevant national interest rate policies, and shall not rise. The current annual loan interest rate is: one to three years (inclusive): 5.76%; Three to five years (inclusive): 5.85%; More than five years: 6. 12%.
Application conditions
Full-time college students (including vocational college students), second bachelor's degree students and graduate students in ordinary colleges and universities may apply for national student loans if they meet the following conditions:
(1) Family financial difficulties;
(2) Persons with China nationality and 16 years of age or older must hold Chinese identity cards;
(3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians);
4. Honest and trustworthy, law-abiding, no illegal behavior;
⑤ Study hard and you can finish your studies normally.
Application material
After the start of the new school year, students apply for loans from banks through schools. The following materials are required:
(1) national student loan application;
(2) A copy of my student ID card and resident ID card (the minor provides a valid identity certificate of the legal guardian and a written opinion agreeing to apply for a loan);
(3) my explanation of the family's financial difficulties;
(4) Proof of family financial difficulties issued by the relevant department where the student's family is located.
Application amount
In principle, full-time undergraduates should not exceed 8,000 yuan per academic year, and full-time postgraduates should not exceed12,000 yuan per academic year.
Lending approval
The student financial assistance department of the school is responsible for the qualification examination of the national student loan application submitted by the students and checking the authenticity and completeness of the materials submitted by the students; The bank is responsible for the final examination and approval of student loan applications.
loan origination
The national student loan is in the form of one application, one credit and installment payment, that is, students can sign loan contracts with the bank for multiple academic years at one time, but the bank will issue them in different years. In a school year, the bank should provide a one-time loan for tuition and accommodation.
loan interest
The national student loan interest rate is based on the benchmark interest rate of the same grade published by the People's Bank of China in the same period. The national student loan interest of the loan students during their study in school is all subsidized by the government, and the interest after graduation is paid in full by the loan students themselves.
repayment period
The maximum loan period is 20 years, with a grace period of 3 years. During the grace period, only the interest needs to be repaid, not the principal.
How is the interest on student loans calculated?
The national student loan interest rate is calculated according to the benchmark loan interest rate published by the People's Bank of China for the same period, which is not affected by local policies, that is, the interest rate does not rise. Interest is calculated from the time students graduate.
In the first year of graduation, graduates only need to pay the interest of11day (September1-February 20th).
The interest calculation formula is: interest = total loan annual interest rate111/360,2018 student loan annual interest rate of 4.9%.
You need to pay one year's interest in the second year of graduation (from 65438+February 2 1 in the year of graduation to 65438+February 20/in the year of graduation). Interest = annual interest rate of total loans is 365/360,2065438+annual interest rate of student loans in 2008 is 4.9%.
The interest payable in the third year of graduation is exactly the same as that in the second year of graduation.
From the fourth year of graduation-until the student loan is paid off: the interest on the loan balance will be paid back for one year every year.
Interest = the annual interest rate of the loan balance is 365/ 360.
The interest generated during the study period shall be borne by the state, and the interest after graduation shall be borne by the loan students. The annual interest rate of the same student loan after repayment may be different, which is determined by the national policy. Loan students should pay attention to the relevant announcements of the National Development Bank or the Student Financial Assistance Management Center of the County Education Bureau.
Extended data
government-subsidized student loans
1, application conditions
Full-time college students (including vocational college students), second bachelor's degree students and graduate students in ordinary colleges and universities may apply for national student loans if they meet the following conditions:
(1) Family financial difficulties;
(2) Persons with China nationality and 16 years of age or older must hold Chinese identity cards;
(3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians);
(4) Honest and trustworthy, law-abiding, no illegal behavior;
(5) study hard and be able to complete your studies normally.
2. Application materials
After the start of the new school year, students apply for loans from banks through schools. The following materials are required:
(1) national student loan application;
(2) A copy of my student ID card and resident ID card (the minor provides a valid identity certificate of the legal guardian and a written opinion agreeing to apply for a loan);
(3) my explanation of the family's financial difficulties;
(4) Proof of family financial difficulties issued by the relevant department where the student's family is located.
3. Application amount
In principle, full-time undergraduates should not exceed 8,000 yuan per academic year, and full-time postgraduates should not exceed12,000 yuan per academic year.