4hw.com.cn: for poor families, they have been studying hard for many years and finally got admitted to university, but they are exhausted in the face of high tuition fees. However, the national credit student loan has brought hope to many poor families. What's the difference between the student loan and the national student loan?
There are two kinds of student loan: National Student Loan and credit student loan. The national student loan is a kind of bank loan which is led by the government, subsidized by the finance, and operated by the bank, the education administrative department and the University together to help the poor students in the University. Students do not need to apply for loan guarantee or mortgage, but they need to promise to repay on time and bear relevant legal liabilities. Student source credit loan refers to the loan granted by the National Development Bank to the freshmen and students in Colleges and universities who meet the requirements of family economic difficulties, and handled in the county (city, district) where the students registered before entering the school. The loan funds are mainly used for students to pay tuition and accommodation fees during the school period. Student source credit loan is an important part of national student loan.
Amount, term and interest rate of student source credit student loan:
No less than 1000 yuan per person / year, no more than 6000 yuan; the application amount cannot exceed the total tuition and accommodation fees. The maximum term of the loan shall not exceed 14 years. The interest rate shall be the benchmark interest rate of RMB loan stipulated by the central bank. During the school period, the interest shall be fully discounted by the financial department, and after graduation, the interest shall be borne by the borrower.
Term, interest rate and amount of national student loan:
No more than 6000 yuan per person per academic year. The maximum period is 10 years. The interest rate shall be subsidized by the financial department during the school period, and shall be borne by the borrower after graduation (in accordance with the current benchmark interest rate of the central bank).
Both kinds of student loans are generally applied at the beginning of the year, that is, September and October.