The national student loan interest rate is calculated according to the benchmark loan interest rate published by the People's Bank of China for the same period, which is not affected by local policies, that is, the interest rate will not rise. Interest is calculated from the time students graduate.

In the first year after graduation, graduates only need to pay back the interest for 111 days (from September 1st to December 2th).

the interest calculation formula is: interest = total loan amount * annual interest rate *? 111/36, the annual interest rate of student loans in 218 is 4.9%.

one year's interest needs to be repaid in the second year of graduation (from December 21st to December 2th of the second year of graduation). Interest = total loan amount * annual interest rate * 365/36,21? The annual interest rate of the 8-year student loan is 4.9%.

the interest payable in the third year of graduation is exactly the same as that in the second year of graduation.

from the fourth year of graduation-until the student loan is paid off: the interest on the loan balance should be paid back for one year every year.

interest = loan balance * annual interest rate *365/? 36。

The interest generated during the study period shall be borne by the state, and the loan students shall bear the interest after graduation. The annual interest rate of the same student loan may be different after the repayment, which is determined by the national policy. The loan students should pay attention to the relevant announcements of the National Development Bank or the Student Financial Assistance Management Center of the County Education Bureau.

Extended information

National student loan

1. Application conditions

Full-time undergraduate students (including vocational college students), second-degree students and graduate students in ordinary colleges and universities can apply for national student loan if they meet the following conditions:

(1) Family financial difficulties;

(2) People who have Chinese nationality and have reached the age of 16 must hold Chinese identity cards;

(3) Having full capacity for civil conduct (minors applying for national student loans must obtain the written consent of their legal guardians);

(4) Honest and trustworthy, law-abiding, no violation of laws and regulations;

(5) study hard and finish your studies normally.

2. Application materials

Students apply for a loan from the bank through the school after the new school year starts. The following materials are required:

(1) application for national student loan;

(2) A copy of my student ID card and resident ID card (the minor provides the valid identity certificate of the legal guardian and the written consent to apply for a loan);

(3) my explanation of the family's financial difficulties;

(4) a certificate of family financial difficulties issued by the relevant department where the student's family is located.

3. Application amount

In principle, the maximum amount of full-time undergraduate students per academic year is not more than 8, yuan, and the maximum amount of full-time graduate students per academic year is not more than 12, yuan.

Resources: Baidu Encyclopedia-National Student Loan