To renew a college-to-undergraduate student loan, students need to bring their undergraduate university admission notice and relevant documents to the local loan bank where the students originate. With the assistance of bank staff, they need to go through the formalities for changing their academic qualifications. Just apply for student loan renewal.

National student loans are government-led, fiscally subsidized bank loans operated jointly by banks, education administration departments and university authorities to specifically help students from poor families in universities. Borrowing students do not need to apply for loan guarantees or mortgages, but they need to promise to repay on time and bear relevant legal responsibilities.

Borrowing students apply for loans from banks through their schools to make up for the shortfall in tuition, accommodation and living expenses during their studies at school, and repay them in installments after graduation. The national student loan repayment mechanism initially launched in September 2006 has laid a good foundation for improving the financial aid system for financially disadvantaged students in colleges and universities with national student loans as the main body.

The national student loan interest rate follows the benchmark interest rate of the same grade announced by the People's Bank of China at the same time. The interest on national student loans for loan students during their studies at school will be fully subsidized by the government, and the interest after graduation will be paid in full by the loan students themselves.