Students don't have to repay the principal and interest of student loans during their school years, but they can not repay the principal for two years after graduation, and they can only repay the principal in the third year. In addition, student loans do not repay principal and interest every month, but interest every year. Generally, 65438+February 20th is the designated repayment date. Here is an example to help you understand how the interest and monthly repayment of student loans are calculated. Xiao Ming applied for a student loan of 6,000 yuan, and the repayment period was set at 6 years. The expected annualized interest rate of the loan is as follows: the first year repayment: 120 yuan (that is, the loan interest from September to February 20 of that year), the second year repayment: 6,000 yuan (that is, the loan interest from February 20 of the previous year to February 20 of that year), and the third year repayment. 4 years = 65,438 +0, 500 yuan, plus interest payable in the current year) Repayment in the fourth year (i.e. principal payable in the current year of 65,438 yuan +0, 500 yuan, plus remaining principal of 4,500 yuan) Repayment in the sixth year (i.e. principal payable in the current year of 65,438 yuan+0, 500 yuan, plus interest in the current year of 3,

Second, how much should the student loan be repaid every month?

The principal and interest of the student loan can be paid off within two years after graduation. In addition, student loans do not repay principal and interest every month, but interest every year. Generally, 65438+February 20th is the designated repayment date.

Here is an example to help you calculate the interest and monthly repayment.

Xiaoming has applied for a student loan in 600 yuan, and the expected annualized interest rate of the loan is after graduation.

Repayment in the first year: 120 yuan (interest)

Repayment in the second year: 6000 yuan (i.e. 0-day loan interest)

The first repayment principal is 6,000 yuan /4 years = 1500 yuan, plus the interest payable in that year is 393 yuan).

Repayment in the fourth year (that is, the principal payable in that year 1500 yuan, plus the interest on the remaining principal of that year of 4,500 yuan).

The repayment in the fifth year is RMB (that is, the principal payable in that year is RMB 65,438 +0, 500 yuan, and the remaining principal plus interest is RMB 3,000).

Repayment in the sixth year: 65,438+0,568 yuan (that is, the loan interest from February 20th to September 0th of that year shall be repaid in 68 yuan).

Third, how much should the student loan be repaid every month?

Pay off the student loan seven years after graduation, plus interest, how many banks will have clear data every month, just consult the bank you borrowed. I hope my answer can help you.

Can I pay back as much as I want?

I don't think so. There are contracts and conditions before you apply for a student loan.