Schools generally wait until the end of June 10 or mid-June 1 16 to deduct money. China Development Bank will not issue loans immediately after students get student loans. However, as long as students provide a receipt at the beginning of school, the school will use the check code on the admission notice to enter the student's loan information, thus reducing the corresponding tuition and accommodation fees. Then, the student loan funds will generally be distributed until the end of June 65438+ 10 or mid-June 165438+ 10. At that time, it will enter the exclusive Alipay account of China Development Bank's student loan. At this time, the funds are frozen, and the system will immediately transfer them to the designated account of the school, from which the school will deduct the tuition, fees and accommodation fees that the students should pay in the current year.

First, the specific process of college student loans:

1. Apply for a loan. Students are required to submit a loan application to the bank through the school after the start of the new school year (the detailed time is clearly stipulated by each school). The school will first examine the qualifications of the national student loan application materials submitted by students, and be responsible for their completeness, authenticity and legality. The preliminary examination will be completed within 20 working days after receiving the application for student loan.

2. The bank approves the loan application. The handling bank will end the signing work within 15 working days after receiving the loan contract and the debts due from the school, and deliver the signed loan contract to the school within 5 working days. After receiving the loan contract and debt, the school will return it to the borrower within 5 days.

3. Sign a loan contract. After the loan application is approved, the school will complete the work of arranging students to fill in, signing loan contracts and debts according to the loan student roster submitted by the handling bank within 10 working days and submit it to the handling bank. After receiving the loan contract and the debts due from the school, the handling bank shall complete the signing work within 15 working days, and deliver the signed loan contract to the school for arrangement within 5 working days.

4. The borrowing bank issues loans. The bank applies for a debit card or current passbook for each student. The national student loan is implemented in stages, that is, students can sign loan contracts with the bank for multiple academic years at one time, but the bank will issue them in different years. The bank should pay the tuition and accommodation loan for one academic year in one lump sum; Banks (or schools) will provide students with living expenses loans for one school year according to 10.

Second, the consequences of student loan default

(1) If the borrower of the national student loan fails to repay the loan within the time limit and amount stipulated in the repayment agreement signed with the handling bank, the default repayment amount shall be charged with penalty interest;

② The handling bank will enter the default into the basic database of personal credit information of the People's Bank of China for all financial institutions in China to inquire according to law. Take restrictive measures against defaulting borrowers who maliciously default on loans and refuse to provide financial services such as housing loans and auto loans;

(3) For loans with serious continuous default.