The upper limit of the national student loan has been raised to1.2000 yuan for undergraduate and preparatory students (original 8000 yuan) and1.6000 yuan for graduate students (original1.2000 yuan). The national student loan is a credit student loan led by the government and provided by financial institutions to students with financial difficulties in colleges and universities to help them solve their tuition and accommodation expenses during their school days. The national student loan interest rate shall be based on the benchmark interest rate of the same grade in the same period announced by the People's Bank of China, and shall not rise. The national student loan interest of the loan students during their school days is paid by the finance, and the interest after graduation is paid in full by the borrower. In order to encourage financial institutions to undertake national student loans and establish a loan risk sharing mechanism, finance (universities) will give certain risk compensation to the handling banks. The national student loan is a credit loan. Students do not need to apply for loan guarantee or mortgage, but they must promise to repay on time and bear relevant legal responsibilities. According to the different application places and work processes of students, national student loans are divided into two modes: national student loans in schools and credit student loans in students' places of origin. Full-time college students are not allowed to apply for national student loans and student-origin credit student loans repeatedly in the same academic year, and they can only choose to apply for one of them. In principle, full-time graduate students apply for national student loans on campus.

The application conditions of the national student loan:

Full-time college students (including vocational college students), second bachelor's degree students and graduate students in ordinary colleges and universities may apply for national student loans if they meet the following conditions:

(1) Family financial difficulties;

(2) Persons with China nationality and 16 years of age or older must hold Chinese identity cards;

(3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians);

4. Honest and trustworthy, law-abiding, no illegal behavior;

⑤ Study hard and you can finish your studies normally.

The repayment method of the national student loan shall be implemented according to the contract. Generally speaking, there are two main repayment methods for national student loans:

I. Bank repayment

Take your bank card, my ID card and other materials, collect them at the business outlets of the loan processing bank, fill in the application form, and hand them over to the counter staff for student loan repayment.

Second, Alipay repays.

1. Log in to the student loan information network of China Development Bank, and click the prepayment application;

2. In the prepayment application page, click Add, select the corresponding contract number, confirm the information, and then click Submit to complete the addition;

3. When the balance of Alipay account is sufficient, choose Alipay to repay, and then Alipay will automatically deduct the money every month to complete the repayment of the national student loan.