Is there interest on college students' loans?

I have no interest in school. When I say interest-free, I mean that the loan has no interest, but the interest generated by the loan is paid to the lender by the state subsidy, and the students do not have to pay. After graduation, that is, after leaving school, even if interest is paid, it will be paid by the individual at the benchmark interest rate after graduation.

If the repayment is delayed after graduation, it will generate a lot of interest. Interest after graduation shall be borne by students and parents (or other legal guardians). It is best to pay off nature as soon as possible. After all, paying off as soon as possible will generate less interest.

Student loan interest rate: 1, within six months (including six months) 6.10%; 2, six months to one year (including one year) 6.56%; 3, one to three years (including three years) 6.65%; 4, three to five years (including five years) 6.90%; 5, more than five years 7.05%.

Not everyone can enjoy the student loan. Applicants must have full capacity for civil conduct, be honest and trustworthy, and abide by the law. They are full-time undergraduate colleges, higher vocational schools and junior colleges (including private colleges and independent colleges, the list is subject to the announcement of the Ministry of Education) approved to set up and implement higher education in accordance with relevant state regulations, and have obtained a true, legal and effective admission notice.

Interest is calculated from the month following the student's graduation certificate 1 day. The interest rate of student loans is consistent with the benchmark interest rate of the same grade published by the People's Bank of China in the same period. Interest = principal * annual interest rate. For example, the principal of the student source loan is 6,543,800 yuan, and the interest calculated at the annual interest rate of 6.55% for the whole year of graduation is 6,550 yuan.

The national student source credit student loan refers to the student loan issued by the National Development Bank to eligible college freshmen and students with financial difficulties, which is handled in the county (city, district) where the students are registered before entering school.

The applicants of the Student Source Credit Loan of China Development Bank (hereinafter referred to as Student Source Loan) are students from poor families whose household registration is in the provinces and cities where the Student Source Loan has been opened. Students and one of their parents (legal guardians) form a * * * relationship with the borrower.

(a) the object of student loan support must meet the following conditions:

1. has the nationality of the people of China;

2. Honest and trustworthy, law-abiding;

3. In accordance with the relevant provisions of the state, freshmen or college students who are officially admitted to full-time ordinary colleges, higher vocational schools and colleges that are approved to set up higher education have obtained a true, legal and effective admission notice;

4. Students' pre-school household registration and their parents' (or other legal guardians') household registration are in this city, county (city, district);

The family is in financial difficulties, and the income they can get is not enough to cover the basic expenses needed to complete their studies during school.