Will there be a SMS notification after the student loan school enters the receipt?

After the student loan school enters the receipt, it will notify you by SMS. When handling student loans, you need to submit the receipt verification code received by SMS to the school for entry, and the National Development Bank will distribute the money to the school.

First, the definition of student loans

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 colleges and universities in China and improve the financial aid level of poor students in colleges and universities under the conditions of socialist market economy. National student loans are government-led, financial subsidies, financial and university bank loans to banks. It is jointly organized by banks, education administrative departments and universities, and is used to help students from poor families in universities with bank loans. Borrowing students do not need loan guarantee or mortgage, but agree to repay on time and need to bear relevant legal responsibilities. Students who borrow money 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.

Second, the conditions needed to apply for student loans

1, with People's Republic of China (PRC) nationality and a resident identity card of the People's Republic of China;

2. Have full capacity for civil conduct (minors must have written consent from their legal guardians); Honest and trustworthy, law-abiding, no violations of law and discipline.

3. Study hard and complete your studies normally;

4. Due to the family's financial difficulties, the income earned during the school period is the basic expenditure (including tuition, accommodation and basic living expenses) needed to complete their studies;

5. Approved by the school.

There are two kinds of student grants commonly used: national grants and birthplace credit grants. The national student loan is a bank loan led by the government, subsidized by the government, and jointly operated by banks, education administrative departments and universities to help students with financial difficulties in colleges and universities. Borrowing students do not need loan guarantee or mortgage, but they need to bear relevant legal responsibilities if they agree to repay on time.