Do you inform the parents of the students to repay the loan by SMS?

Nowadays, student loans are very common. Many student loans require students to repay their loans during their college years after graduation. During this period, the lender does not need to bear interest. Moreover, the repayment notice of the student loan is also directly related to the number reserved at that time, and the repayment will not be urged through the channels of parents.

First, student loans support students' independent repayment.

The student loan is originally an incentive way, because the student loan does not generate any interest expenses during the school period. It is not until the students graduate that they have the repayment ability that they need to start repayment. This in itself is an incentive mechanism. I hope that the student loan can help students complete their studies, and at the same time encourage students to study hard and have higher income after graduation. Therefore, when repaying money, banks will choose to contact themselves instead of their parents.

Second, the student loan will only tell the bank the reserved mobile phone number.

For students who apply for student loans, most of them are because the family's economic situation is not very good, not because the tuition fees are too high, so the amount of student loans will not be very large. Secondly, students' income is unstable soon after graduation, and banks generally don't urge repayment. At most, contact the mobile phone number reserved by the bank when borrowing money, and don't contact your parents to urge repayment.

Third, parents often have the ability to repay loans, but this is not the purpose of banks.

The interest on student loans is not very high. Although the purpose of banks is to make students have money to go to school, the ultimate goal of all enterprises is to make a profit. Therefore, it is not a wise choice to contact parents to urge repayment. On the contrary, contacting students or waiting for repayment can make banks get more interest. So it is impossible for the bank to contact the parents of the students.

Student loans have helped hundreds of millions of students realize their dreams of going to college, and they are also encouraging these students to make greater efforts to repay the society, so banks prefer them to repay their loans themselves rather than contacting their parents.