The benefits of student loans are as follows:

1. Relieve the financial pressure of poor families and help students successfully complete their college studies;

2. Students can enjoy interest-free loans during their school days, and the interest is fully borne by the state finance;

3. After graduation, self-repayment of loan interest is very low for the loan industry, with little pressure;

4. The principal of the student loan can be repaid in a five-year grace period, and the repayment period is very loose;

Applying for student loans can also help students pursue higher degrees, such as second bachelor's degree and postgraduate degree.

Are there any disadvantages for college students to apply for student loans?

The advantage of student loan is that it can alleviate the economic pressure of families; The disadvantage of student loans is to increase the burden on students after graduation. Student loan is a measure implemented by the state to help students solve the difficult problem of going to school, which greatly helps students to reduce the pressure of going to school. Students with difficulties can apply for student loans.

What are the advantages and disadvantages of college student loans?

The advantage of student loans is that students don't need to pay interest during their school years, but the national financial needs make many people who can't go to school because of family difficulties realize their college dreams. In fact, there is no harm in college student loans. The only harm may be that students fail to repay their loans on time in the later period, which will affect their credit information and the co-lenders will be urged.

Student loan application process

First, apply. Students apply for student loans, receive the "National Student Loan Application Approval Form" and other materials, fill them out truthfully and completely, and prepare relevant supporting materials to return to the school's national student loan agency.

II. Trial Measures for School Agency Loans. School institutions organize students to apply for loans within the annual loan amount and control ratio issued by the National Student Loan Management Center, accept student loan applications, and conduct preliminary examination of loan materials submitted by students.

Three, the handling bank for loan approval. After the school agency has passed the preliminary examination, it will submit the relevant materials to the handling bank for loan approval.

Fourth, bank approval.

5. Sign a loan contract. After the loan application is approved, the school will organize students to fill in, sign loan contracts and IOUs within 10 working days according to the loan student roster provided by the handling bank, and submit them to the handling bank.

Sixth, issue loans. The handling bank shall, within 20 working days after signing the loan contract and iou with the borrowing students, uniformly transfer the first-year tuition, accommodation and living expenses into the designated account opened by the school in the handling bank.

Disadvantages of student loans

Student loan was originally an opportunity for the country to provide some students with excellent grades but poor family conditions with learning, but it has both advantages and disadvantages, so I would like to share the disadvantages with you today, hoping that you will pay attention to it and prevent this from happening.

The disadvantage of student loans is that students' failure to repay on time will affect their credit. Because the credit information systems of China Development Bank and China People's Bank are networked, the information of student loans will be recorded. As a student, credits are also very important. Students will face the situation of work when they enter the society after graduation. Some work units will ask you to show your personal credit report at work. If your personal credit report is not good at this time, then the work unit can't accept you.

As long as students can repay their loans on time, student loans have no disadvantages, only benefits. The advantages are:

1, discount during school. Students don't have to repay the principal during their study in school, and the loan interest is subsidized by the government, so they don't have to repay it themselves;

There is a grace period of three years to repay the principal. Students only need to repay the loan interest in the first three years after graduation and the principal in the fourth year. Moreover, within three years of graduation, students should have found a job and have the ability to repay;

3. Low interest. The interest on student loans is subject to the benchmark interest rate of the People's Bank of China, and does not float.

Therefore, for student loans, we should be grateful, make good use of the subsidies given by the state, study hard at school, and live up to the expectations of the state and the efforts of parents.

What are the disadvantages of college students' loans?

The disadvantage of college student loan is that students' failure to repay on time will affect their credit, because the credit information systems of China Development Bank and China People's Bank are networked, and student loan information will be recorded.

The 20th day of June+10/October-July every year is the prepayment date, and prepayment needs to pay off all outstanding debts under a contract at one time (that is, loans obtained within one academic year). Repay the interest calculated according to the agreed interest rate and actual service life in advance, and charge no other fees except the interest payable.

Students applying for student-origin credit student loans must meet the following conditions:

1, with People's Republic of China (PRC) (PRC) nationality, honest and trustworthy, law-abiding;

2. Freshmen or college students who have been officially admitted to full-time undergraduate colleges, higher vocational schools and junior colleges (including private colleges and independent colleges) recognized by education administrative departments at all levels and have obtained true, legal and effective admission notices;

3. The student's household registration and family residence are in the county seat. In principle, middle school should also be in this county.

4, in line with one of the following characteristics, family financial difficulties, income can not pay the basic expenses required for students to complete their studies at school:

① Rural and urban low-income families determined by local governments at all levels;

Families receiving social assistance and welfare (such as orphans and disabled families);

③ Single parent families with no stable income;

(4) The family's economic situation has deteriorated (such as the impact of natural disasters, injuries, disabilities, diseases, deaths, etc.). Refers to family members whose main source is labor) and have no other source of income;

⑤ Other special difficulties.

Co-borrower and the borrower share the repayment responsibility, and co-borrower must meet the following conditions:

① co-borrower should be the parents of borrowing students in principle;

(2) If the parents of the borrowing students lose their ability to work or civil conduct due to special circumstances such as disability or illness, other immediate family members of the borrowing students can be regarded as co-borrower;

(3) If the borrower is an orphan, the co-borrower is other legal guardians or a natural person with full civil capacity who voluntarily shares the repayment responsibility with the borrower;

(4) co-borrower household registration and students' pre-school household registration are in the county;

⑤ co-borrower is not the parent of the borrowing student, and his age is between 25 and 60 in principle;

⑥ Borrowing students who have obtained loans from Development Bank cannot be used as co-borrower for other borrowing students in principle.