Will student loan borrowers receive SMS notifications?

No, we will not send text messages to *** and the borrower when repaying the student loan, but we will send text messages if it is overdue, but it must be based on your own initiative to repay the loan. If he doesn't take the initiative to repay the loan, he will definitely send text messages to *** and the borrower. The establishment of student loans is actually to serve more ordinary college students, because these students make such decisions out of poverty when taking loans. When repaying a loan, you must take the initiative and make timely repayments.

1. National student loans are measures taken by the Party Central Committee and the State Council under the conditions of the socialist market economy to use financial means to improve my country’s general university funding policy system and increase financial support for students from poor families in ordinary universities. A major measure.

2. Legal liability: Borrowing students apply for loans from banks through their schools to make up for the shortfall in tuition, accommodation and living expenses during their studies at school, and to repay them in installments after graduation.

3. In 1999, the national student loan pilot program was officially launched in eight cities including Beijing, Shanghai, Tianjin, Chongqing, Wuhan, Shenyang, Xi'an, and Nanjing.

4. In February and August 2000, the state made two adjustments to this policy, expanding the scope of loans to colleges and universities across the country, and expanding the undertaking banks to four wholly state-owned commercial banks, namely Industrial, Agricultural, Chinese and Construction Banks. , the loan target was expanded to graduate students and full-time students pursuing double degrees, and guaranteed loans were changed to credit loans.

5. In the second half of 2003, national student loans declined and were in danger of stalling. The four departments of the Ministry of Education, the Ministry of Finance, the People's Bank of China, and the China Banking Regulatory Commission have carried out major reforms on national student loan policies and mechanisms, and established new policies and mechanisms with a risk compensation mechanism as the core.

6. After the new mechanism was promulgated and implemented on June 28, 2004, all loan interest for students who took out loans during their studies in school was subsidized by the finance, and the repayment period was extended to 6 years after graduation.

7. The national student loan repayment mechanism initially launched in September 2006 has laid a good foundation for improving the financial aid system for financially disadvantaged students in colleges and universities with national student loans as the main body.

8. On September 1, 2021, the State Council executive meeting decided to strengthen national student loan support. The meeting decided to improve the national student loan policy and increase the national student loan amount. First, starting from the autumn semester, the loan amount will be increased. The maximum annual loan amount per student for undergraduate and junior college students will be increased from 8,000 yuan to 12,000 yuan, and for graduate students from 12,000 yuan to 16,000 yuan. The government will fully subsidize the loan interest for students while they are in school. . Second, the finance department will continue to provide a certain proportion of risk compensation to banks that undertake student loans and reasonably lower the compensation proportion. The third is to guide students to be diligent and frugal, strive to learn and apply what they have learned, and enhance their ability to find employment, serve the country, and serve society. Schools should also strive to provide students with more work-study opportunities.

9. On September 14, 2021, the State Council Information Office held a regular briefing on State Council policies. Owen Han, Assistant Minister of Finance, said that in accordance with the "Notice", starting from the autumn semester, full-time general undergraduate and junior college students will be admitted every day. The annual loan limit for graduate students is increased from no more than 8,000 yuan to no more than 12,000 yuan; for full-time graduate students, the annual loan limit is increased from no more than 12,000 yuan to no more than 16,000 yuan.