Hello, if college students don't repay their loans on time, they will be blacklisted by lending institutions seriously, resulting in a bad credit record, which will affect their future credit card or loan application. It will affect your credit value, and there will be relevant records that will affect your personal reputation.

Therefore, after a certain loan, you must repay it on time. If you have temporary financial difficulties, you can apply to the bank for an extension. To a certain extent, banks will also allow extensions. If you can't repay the loan on time due to family difficulties, you can apply to the agency for assistance and provide relevant written proof. After verification by the institution, the rescue mechanism can be started to compensate the principal and interest.