When does the renewal usually start?
Most schools will complete the review of loan renewal applications before the end of June. There are two application processes for college students to renew their loans, one is on-site processing, and the other is online signing. If it is necessary to handle it on the spot, I or the borrower can bring my ID card and signed application form to the county aid center to renew the loan. Online signing only requires loan students to log in to the student online service system. After submitting the loan renewal application, the teacher passed the identity authentication and completed the signing of the loan renewal contract after being audited. The specific renewal method depends on the relevant regulations of the county-level provident fund center where the account is located. The term of college student loan is a loan product issued by the state to pay tuition and living expenses for college students from poor families. At present, there are two kinds of student loans for college students: national student loans and national student loans. If the family is in financial difficulties, the family income is not enough to pay for the basic expenses such as tuition and living expenses for students to complete their studies. Generally, the term of student loan for college students cannot exceed 20 years. The loan interest of students who borrow money during normal schooling is fully subsidized by the finance. When the borrower needs to repay the arrears according to the regulations after graduation, he needs to bear the interest himself. The student loan for college students has a grace period of three years, during which the borrower only needs to repay the interest instead of the principal.