Student loan generally refers to the national student loan, which is a bank loan led by the government, subsidized by the government, compensated by finance and universities, and operated by banks, education administrative departments and universities to help students with financial difficulties in colleges and universities.
Borrowing students do not need to apply for loan guarantee or mortgage, but they need to promise to repay on time, repay in installments after graduation, and bear relevant legal responsibilities.
If a student who borrows a student loan fails to repay the loan according to the time limit and amount agreed in the repayment agreement signed with the handling bank, his breach of contract will be recorded in the credit information system of the financial institution (if it is overdue for three months in a row, it will be recorded as a bad record in the personal credit information system of the bank), and the mortgage loan will not be approved.