The term of student loan is the length of time from signing the contract to paying off the loan normally.

The minimum loan period is 6 years, and the longest is (remaining academic year 15) years, not exceeding 22 years. If the time from graduation to loan maturity exceeds 5 years, then 5 years after graduation is a grace period, during which only interest is paid every year. In the sixth year, the principal and interest shall be repaid every year until September 20th of the last year of the loan term. Before July 3 1 of the year in which the notice is received, junior college students (undergraduate graduate students) need to go to the funding center to "change their school information and extend the discount period", and then they can continue to enjoy the discount during the new university (provided that the contract has not expired), but the loan maturity date remains unchanged, so the loan application period should be appropriately extended within the allowable range to avoid the expiration of graduate loans. Students in junior college or postgraduate stage will bear the interest during the new university if they have not changed their schooling information and extended the preferential period.

How is the term of student loan stipulated?

The loan term in the student loan refers to the repayment period. For example, university loans are generally limited to 65,438+04 years, during which they can be repaid according to their own economic conditions.

First, the repayment period of student loans

1. The term of student-origin credit student loan shall be determined in principle according to the full-time undergraduate academic system plus 14 years, and the longest term shall not exceed 14 years.

2, the academic system for more than 4 years or continue to study for a postgraduate degree or a second bachelor's degree, shorten the repayment period after graduation.

3. The two-year grace period is for students at school and after graduation. After the grace period is over, students and their parents (or other legal guardians) will repay the loan principal and interest in installments according to the loan contract.

Second, the classification of student loans:

1. There are two main types of student loans, namely, national student loans and student loans from places of origin.

2. The longest term of student loans is 20 years, and the grace period for repayment of principal is 5 years. During the grace period, only the interest needs to be repaid, not the principal.

3. The national student loan interest rate shall be based on the benchmark interest rate of the same period and grade published by the People's Bank of China. The national student loan interest of the loan students during their study in school is all subsidized by the government, and the interest after graduation is paid in full by the loan students themselves.

4. Borrowing students can repay part or all of the loan in advance during the loan period, but they must submit a written application to the bank in advance. Interest is charged on the principal repaid in advance according to the interest rate agreed in the contract and the actual use days.

Third, expand information:

According to the length of the loan period, loans can be divided into short-term loans and medium-and long-term loans.

1), short-term loans with a term of 1 year or 1 year (temporary loans for more than 3 months and less than 6 months), characterized by short term, low risk and high interest rate. They are usually issued in the form of "loans", which are mainly used to meet the needs of borrowers for short-term funds.

2) The medium-term loan term is over 1 year (excluding 1 year) and under five years (including five years), which is characterized by long term, high interest rate, poor liquidity and high risk.

3) Long-term loans are loans for more than 5 years (excluding 5 years).

How many years is the student loan?

Student loans generally do not exceed 10 years.

Generally speaking, the term of national student loans in colleges and universities does not exceed 14 years, and the longest term of student-origin credit student loans does not exceed 14 years.

Full-time college students and graduate students with financial difficulties in colleges and universities in the province can apply to the National Development Bank for a national student loan on campus through the student financial assistance department of the school. The annual loan amount for college students does not exceed 8,000 yuan, and the annual loan amount for graduate students does not exceed 6,543,800 yuan+0.2 million yuan. The loan term generally does not exceed 10 year.

Full-time college students with financial difficulties who are admitted to universities outside the province can apply to the China Development Bank for student-origin credit student loans through the county-level student financial assistance management center where their household registration is located. The annual loan amount per student shall not exceed 8,000 yuan, and the longest loan period shall not exceed 14 years.