Yes.

Credit-based student loans refer to financial institutions such as China Development Bank issuing to eligible freshmen and current students of ordinary colleges and universities with financial difficulties from their families (hereinafter referred to as students). Students and parents (or other legal guardians) ) Apply to the student financial aid management center or financial institution in the county (city) where the student is registered as a student loan to help students with financial difficulties pay for tuition and accommodation fees during their studies at school.

Credit student loans from the student’s place of origin are credit loans and do not require guarantees or mortgages. Students and parents (or other legal guardians) are the same borrowers, and both parties bear the responsibility for repayment.

Repayment period and repayment method:

In principle, the period of credit student loan for the student’s place of origin is determined based on the full-time undergraduate and junior college system plus 10 years, and the maximum shall not exceed 14 years, of which , students in school are determined based on their remaining years of study plus 10 years. If the schooling lasts for more than 4 years or if students continue to study for a postgraduate degree or a second bachelor's degree, the loan repayment period after graduation will be shortened accordingly. The grace period is the period during which the student is in school and two years after graduation. After the grace period, the student and his or her parents (or other legal guardians) will repay the loan principal and interest in annual installments as agreed in the loan contract.