National student loan: helping dreams take off

Are you worried about your family's financial difficulties and your inability to continue your studies? Don't worry, the national student loan will help you solve your worries! This article will introduce the application conditions, loan amount, loan term, loan interest rate and application process of the national student loan, so that you can easily understand this benefit.

Special loan

National student loan is a special loan provided by rural credit cooperatives to full-time graduate students and undergraduate and junior college students with financial difficulties. This fund will be used to pay your tuition, accommodation and living expenses, and the central or local finance will subsidize your interest.

Application conditions

As long as you are a full-time graduate student or undergraduate or junior college student studying in People's Republic of China (PRC) (excluding Hongkong, Macau and Taiwan Province Province) and your family is in financial difficulties, you can apply. The application conditions include family financial difficulties, holding legal resident ID card and student ID card or admission notice, needing two witnesses, being under the age of 18, needing the consent of the guardian, abiding by the law, having good moral character, being able to complete their studies normally, and meeting other regulations of rural credit cooperatives.

loan limit

The loan amount includes tuition, accommodation and living expenses, with a maximum of 6,000 yuan per academic year.

deadline

The longest loan period can reach 8 years, but the principal and interest of the loan must be paid off within 4 years after graduation.

loan rate

The loan interest rate stipulated by the People's Bank of China for the same period shall be implemented and will not rise.

Application process

Only one-time application is required, and it can be distributed in batches after approval. Tuition and accommodation loans are paid to your school's account in Henan Rural Credit Cooperative according to the academic year; The living expenses loan is paid to your personal account on a monthly basis. In principle, living expenses are paid every year 10 month, and loans are not paid in winter and summer vacations.