Among the ways of student loans, the most common ones are student source credit student loans and national student loans. It is reported that these two kinds of loans are pure credit loans of banks. Borrowing students don't have to pay interest themselves during their school days, but only after graduation.

First, the student loan repayment instructions:

1. Two years after graduation is a grace period, during which students can only pay interest and cannot repay the principal. After the grace period is over, students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract.

2. Repay the loan principal. The fixed repayment date is 65438+February 2 1 each year (the last year of the loan is August 3 1 of that year). After entering the repayment period, the borrower shall deposit the repayable loan principal into the repayment account five working days before today (65438+February15th) in strict accordance with the repayment plan of the loan contract.

3. Repay the loan interest. The annual interest payment date is 65438+February 2 1 (the last year of the loan is August 3 1 of the current year), and the interest will be paid off with the principal at the last repayment. Borrowing students shall deposit the loan interest payable into the repayment account five working days before the interest payment date every year from the graduation year.

4. When the student settles the contract, the financial aid management center does not open any formalities, and the transaction records can be queried in Alipay as repayment vouchers. If the borrower repays the loan according to the normal repayment method, it may repay the loan by installments. However, if the borrowing students want to repay in advance, they need to pay off in one lump sum and cannot apply for prepayment and installment repayment.

The national student loan is a welfare loan policy for poor college students. Borrowing students apply for loans during their college years, and the interest is subsidized by the state. The borrower does not have to pay any interest. Interest is calculated according to the benchmark interest rate in September of the year after the borrower graduates from college.

Students who borrow money can choose to repay in installments or in advance. In this case, the borrower is required to pay off in one lump sum, and it is impossible to repay in advance by installments. It should be noted that after applying for a student loan, the borrower must repay it on time, because no matter what the loan is, overdue repayment will affect the personal credit record, which may seriously affect the future loan to buy a house and so on.

Second, how to repay the student loan in installments

1, prepayment

(1) Time for submitting prepayment application: June to July every year. You can apply for prepayment before 10, and the interest will be calculated until the 20th of that month. Applications made after the current month (except July) 10 will be regarded as applications for early repayment next month, and the interest will be calculated until the 20th of next month.

Deposit time of prepaid funds:

(1). If the repayment is made with the Agricultural Bank of China card, and the application for prepayment is submitted after 10 last month and before 10 in the current month (the repayment account number is Agricultural Bank of China card or Alipay students can access the student online system), it shall be deposited into the designated Agricultural Bank of China card before 15 in the current month. If the repayment is made with the Agricultural Bank card, and the application for prepayment is submitted after 10 in the current month and before 10 in the following month, it shall be deposited into the designated Agricultural Bank card before 15 in the following month.

(2) If you use Alipay for repayment and submit an application for early repayment after 10 last month and before 10 next month (the repayment account is the Agricultural Bank of China card or Alipay students can access the online student system), you should deposit it into the designated Alipay account before the 20th of the month. If the payment is made by Alipay, and the application for prepayment is submitted after 10 of the current month and before 10 of the next month, it shall be deposited into the designated Alipay account before the 20th of the next month.

Step 2 repay by installments

Please deposit the repayable principal and interest (only interest will be repaid in the first two years after graduation) into the designated agricultural bank card or Alipay account before 15 every year (before August 15 or before September of last year 15). Repayment by installments shall be calculated on an annual basis. Students can check the principal and interest payable in the current year in the online student system after120. 165438. (You can contact the Student Financial Assistance Center of the Education Commission where your account is located)

Third, there are several repayment methods.

The repayment methods of student loans are divided into the following five types:

1. Before graduation, students can choose to pay off in one lump sum or in installments.

2. After graduation, students repay with personal funds or with the help of their families.

3. During the students' participation in the work, the unit will deduct it from the salary within 2-5 years.

4. The unit can also decide to reduce the loan repayment according to the performance of graduates at work.

For students who have borrowed money, if they are expelled from the school, ordered to drop out of school or students drop out of school automatically, their parents must return all the loans.