Background of national student loan
1. The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy. The national student loan is a bank loan which is led by the government, subsidized by the finance, and compensated by the finance and universities at certain risks, and jointly operated by banks, education administrative departments and universities.
2. Borrowing students do not need to apply for loan guarantee or mortgage, but they need to promise to repay on time and bear relevant legal responsibilities. Borrowing students apply for loans from the bank through the school to make up for the lack of expenses during their school days and repay them in installments after graduation.
After the start of the new school year, students apply for loans from banks through schools. The following materials are required:
(1) national student loan application;
(2) A copy of my student ID card and resident ID card (the minor provides a valid identity certificate of the legal guardian and a written opinion agreeing to apply for a loan);
(3) my explanation of the family's financial difficulties;
(4) Proof of family financial difficulties issued by the relevant department where the student's family is located.
Matters needing attention
1. In principle, the maximum for full-time undergraduate students is 8,000 yuan per academic year, and the maximum for full-time graduate students is12,000 yuan per academic year.
2. The national student loan shall be issued by one application, one credit and one installment, that is, students can sign loan contracts with the bank for multiple academic years at a time, but the bank will issue them in different years. In a school year, the bank should provide a one-time loan for tuition and accommodation.
Procedures for applying for national student loans
Banks do not directly accept loan applications from students at school. Students who apply for loans must apply for loans to the designated department of their school within 10 days before and after the start of the new school year, and receive and truthfully fill out the Application Form for National Student Loan, the Commitment Letter for Applying for National Student Loan and other related materials.