Analysis on the Policy of Interest-free and Principal Deferred Repayment of National Student Loans in 2023; These issues need attention.

CCTV News:The State Council Office held a policy briefing yesterday (April 21), and the relevant person in charge of the Ministry of Finance introduced the interest-free and principal deferred repayment policies of the national student loan in 2023.

This year, the number of college graduates is expected to reach 11.58 million, an increase of 820,000 over the previous year. In order to further reduce the burden of college graduates with financial difficulties in their families, the relevant person in charge of the Ministry of Finance said that it has decided to continue to implement the national policy of interest-free student loans and deferred repayment of principal.

Irving Han, Assistant Minister of Finance:Students who graduated from this year and previous years will continue to be exempted from the national student loan interest that should be repaid this year, and the principal part can be postponed for another year, with no penalty interest and compound interest.

　　　　　　 The data shows that since its implementation in 1999, China has issued more than 400 billion yuan of student loans, which have helped more than 20 million students with financial difficulties. In recent years, the Ministry of Finance, together with the Ministry of Education, the People’s Bank of China and China Banking and Insurance Regulatory Commission, has continuously adjusted the national student loan policy: in 2020, the term of student loan was extended and the interest rate of student loan was reduced; In 2021, the maximum loan amount of national student loans was raised to better meet the student loan demand; In 2022, the national student loan interest for college graduates with financial difficulties will be exempted in stages and the repayment of the principal will be allowed to be postponed.

Ministry of Finance: This year’s policy is expected to benefit about 4 million college graduates.

At the briefing, the relevant person in charge of the Ministry of Finance said that the continuation of the national student loan interest-free and principal deferred repayment policy this year is expected to benefit about 4 million college graduates.

Owen Han said that in 2022, the state introduced the policy of interest-free student loans and deferred repayment of principal in order to help graduates with financial difficulties ease the employment pressure. Since the implementation of the policy, a total of 1.95 billion yuan of loan interest has been exempted, benefiting 3.79 million people; College graduates independently applied for deferred repayment of principal totaling 590 million yuan, benefiting 100,000 people.

Irving Han, Assistant Minister of Finance:This year, it is estimated that the loan interest will be exempted by 2.325 billion yuan, and the amount of principal that can be applied for deferred repayment is about 5.5 billion yuan, benefiting about 4 million college graduates.

Since 2020, the national student loan policy has been adjusted and improved for four consecutive years. At present, according to the different places where students apply, national student loans are divided into two types: campus national student loans and student-origin credit student loans. Full-time college students and graduate students can choose according to their own actual situation; Not only that, but the loan amount is also increasing.

　　　　　　 Huang Jiayu, Director of the Department of Science, Education and Culture of the Ministry of Finance:At present, the maximum loan for each junior college student is 12,000 yuan per year, and the maximum loan for each graduate student is 16,000 yuan per year, both of which have been greatly improved. The loan is used to pay the tuition and accommodation fees of students during their school days, and the excess can be used to make up for the daily living expenses of students.

Ministry of Education: I need to apply for the deferred repayment of the principal of the national student loan.

Then, which loan students can enjoy the national student loan interest-free and principal deferred repayment policy in 2023? Do loan students need to take the initiative to apply? Yesterday (April 21), at the briefing of the State Council’s policy, the relevant person in charge of the Ministry of Education introduced the relevant situation.

According to the regulations, the object of interest exemption and deferred repayment of principal this time refers to the loan students who graduated in 2023 and previous years and should repay the principal or interest in 2023. Exempted interest refers to the national student loan interest that the loan student should pay personally in 2023, including the penalty interest generated by overdue loans in previous years in 2023. The principal that can be applied for deferred repayment refers to the principal of the national student loan that the loan student should repay in 2023.

　　　　　　 Guo Peng, Director of Finance Department of Ministry of Education:Regarding the implementation mode, this time, interest is exempted, and students do not need to apply for loans, which are directly handled by the undertaking bank. For loan students who are in the principal repayment period, if they need to postpone the repayment of principal, I can apply and go through the relevant procedures according to the requirements of the undertaking bank; If I fail to submit the application, I will repay the loan principal according to the original contract by default. Students who need loans are also reminded to pay attention to the relevant notices and announcements in time to avoid missing them.

National student loan policy can be consulted by telephone.

How can the loan students enjoy the policy dividend as soon as possible? The relevant person in charge pointed out that for the national student loan policy and specific business handling issues, the loan students can call the consultation hotline set up by the National Student Financial Assistance Management Center and relevant undertaking banks. The telephone number of the National Student Financial Assistance Management Center is 010— 66097980、66096590。