What does it mean to subsidize a national student loan? How much is the subsidy?
The national student loan is a financial subsidized loan, enjoying the financial subsidy of the state, so what is the meaning of the national student loan subsidy? How much can you subsidize at most? Many loan students do not really understand the meaning of the national student loan subsidies, the following two main aspects to give you an introduction to the national student loan subsidies.
Interpretation of the National Student Loan Subsidy Policy
The National Student Loan Subsidy is an interest-subsidized financial loan used to pay tuition and living expenses for undergraduates and graduates of full-time colleges and universities, which the state has designated the Industrial and Commercial Bank of China to issue on a pilot basis.
1. The financial sector subsidizes the interest of students who receive national student loans, and the interest on national student loans is fully subsidized by the financial sector during the period when the loaned students are studying at school.
2. The uncollectible portion of the loans for special hardship students will be repaid by the proposed school and the Student Loan Management Center*** with the same responsibility (of which: 60% will be repaid by the school and 40% will be repaid by the Student Loan Management Center)
3. The State encourages all sectors of the community to provide guarantees for and subsidize interest on loans to economically disadvantaged students in a variety of forms.
So, the national student loan subsidy is actually multi-faceted, for the loan before the state to encourage all walks of life for the national student loan interest subsidy, after the loan for the implementation of the interest during the school period free of charge, the repayment of special difficulties for the implementation of the students on behalf of the repayment.
How much does the national student loan subsidy cost
The amount of the national student loan subsidy is determined by the total amount of the loan that the student applies for, the duration of the loan, and the repayment period. For example, the same are undergraduate students, one loan 24,000 yuan, one loan 18,000 yuan, then the national student loan for 24,000 yuan subsidies will undoubtedly be a little more. Therefore, the amount of national student loan subsidy is not fixed, specific to the loan amount of the loan student shall prevail.
The national student loan subsidy is a guarantee for poor students with family difficulties to complete their studies successfully, and because of the implementation and promotion of the national student loan, more and more poor students will not interrupt their studies because of the unaffordable tuition and miscellaneous fees. It can be said that the national student loan subsidies for the state to support students in need of an effective way.
National Student Loan Policy?
Student loan policy for college students is as follows:
There are generally two types of commonly used student loans for college students: national student loans and credit student loans. The national student loan is led by the government, financial subsidies, banks, educational administrative departments and colleges and universities *** with the operation of the bank loan specifically to help students from poor families in colleges and universities. Borrowing students do not need to apply for loan guarantees or mortgages, but they need to promise to repay the loan on time and bear the relevant legal responsibilities.
The credit student loan from the place of origin refers to the student loan issued by the China Development Bank to new and current students of ordinary colleges and universities who meet the conditions of economic difficulties of their families and handled in the county (city or district) where the student's household registration was located prior to his or her enrollment in school. The loan funds are mainly used for students to pay tuition and accommodation fees during the school period. The credit student loan is an important part of the student loan for college students.
Interest-free loan policy for college students
Interest-free loan policy for college students is a preferential policy for college graduates who want to start their own business. In order to encourage college students to start their own business and drive employment, and to promote the development of the economy, the interest on the loan for college students is subsidized by the local finance to the bank. For the entrepreneurs themselves is no interest, relative to the bank is interest, only the state in order to encourage entrepreneurship to promote the employment of the relevant policies introduced by the interest by the financial subsidies only.
Loan requirements: the state for college graduates to provide small business loans is the government subsidized loans, the period of 1 to 2 years, 2 years after no longer enjoy the financial subsidies. Start-up loan amount requirements in general:
The maximum amount does not exceed the borrower's normal production and business activities required working capital, the purchase (installation or repair) of small equipment (machinery), of which the production and business working capital loans for a period of up to 1 year; personal start-up loans to the implementation of the People's Bank of China promulgated the term of the interest rate of the loan can be up and down in the range of the range of the prescribed.
Extended information:
Commonly used college student loans are generally of two types: the national student loans and credit student loans. The national student loan is led by the government, financial subsidies, banks, educational administrative departments and colleges and universities **** with the operation of the bank loan specifically to help students from poor families in colleges and universities.
Student borrowers do not need to apply for loan guarantees or mortgages, but they need to promise to repay the loan on time and bear the relevant legal responsibilities. The credit student loan from the place of origin refers to the student loan issued by the China Development Bank to new and current students of ordinary colleges and universities whose families are in financial difficulties, and which is processed in the county (city or district) where the students' household registration is located before enrollment.
The loan funds are mainly used for students to pay tuition and accommodation fees during the school period. The credit student loan is an important part of the student loan for college students.
The national student loan only requires that the borrowing student does not need to apply for a loan guarantee or mortgage, but needs to promise to repay the loan on time and assume the relevant legal responsibility. The loan funds are mainly used for students to pay tuition and accommodation fees during the school period. Below are the details of the policy on student loans for college students.
The new policy will change the current practice of starting repayment of loan principal from the date of graduation and paying it off within four years, and implement the practice of starting repayment of loans one to two years after graduation and paying it off within six years, depending on the employment situation of the borrowing students.
The new policy stipulates that within one year after graduation or termination of studies, a student borrower can submit an application to the bank to adjust the repayment plan, and the bank handling the application shall accept and make reasonable adjustments in accordance with the actual situation and relevant regulations.
For students who do not return the national student loans in accordance with the agreed period and amount, the bank shall charge a penalty interest on the defaulted loan amount and enter their defaults into the credit system of the financial institution, which will no longer handle new loans and other credit operations for them;
On a regular basis, the names of the student borrowers who have been in default of their loans for more than one year and who do not take the initiative to contact the bank shall be listed in the following table. Citizenship ID number, graduation school, defaults, etc. are provided to the National Student Loan Management Center by affiliation.
The National Student Loan Management Center will further improve the information management and post-loan tracking management of the borrowing students, and accept the inquiries from the operating banks on the relevant information of the borrowing students; it will also publish the list of defaulting borrowing students provided by the operating banks in the news media and the website of the National Higher Education Graduates Academic Qualification Inquiry System.
There are two ways for borrowers to repay their national student loans: banks usually design two repayment methods for borrowers: equal principal and interest repayment method and equal principal and gold repayment method.
Equal principal and interest repayment method pays equal amount of principal and interest in each installment, and the repayment pressure is evenly distributed; equal principal and interest repayment method pays more in the initial installment, and less in the subsequent installments, and the repayment pressure is tightly and loosely distributed. The total amount of principal and interest paid using the equal principal and interest repayment method is slightly higher than the equal principal and interest repayment method.