Recently, college admissions work is in full swing, and national student loans have entered a centralized acceptance period.On July 28, the Ministry of Education held a press conference to introduce the status of student financial aid such as national student loans.
National student loans are an important part of higher education student financing and play an important role in promoting educational equity, blocking the intergenerational transmission of poverty, and serving national strategies.
The two-track development model is parallel and complementary to each other.In the late 1990s, my country piloted the implementation of campus-based national student loans, which students apply for at colleges and universities after enrolling.In order to better meet the needs of students, in 2007, my country officially launched credit-based student loans for students’ places of origin. Students can apply for them at their place of residence before the start of school, which alleviates the anxiety of families with financial difficulties about the cost of schooling for their children in advance.At present, the national student loan has formed a development model in which the source of students is the main body and the campus is the supplement. The two methods complement each other to ensure that "all assistance is provided".By the end of 2025, a total of 695.8 billion yuan in national student loans had been disbursed, benefiting more than 30 million students.
The policy design is people-oriented and updated with the times.National student loans have always been student-oriented, proactively adapted to students' new needs, and continuously improved the level of policy guarantees.In terms of application conditions, the national student loan is a credit loan, with the borrower's creditworthiness as the repayment guarantee. Students with financial difficulties can apply if they need it, without the need for mortgage or guarantee.In terms of loan purposes, national student loans can not only be used to pay tuition and accommodation fees, but also to cover daily living expenses.In terms of loan amounts, since the 18th National Congress of the Communist Party of China, the maximum loan amount has been increased four times, from the initial 6,000 yuan per person per year to 20,000 yuan for undergraduate students and 25,000 yuan for graduate students.In terms of loan repayment, students do not need to repay the principal while they are in school, and all interest is borne by the government; in the early stages of students' graduation, the state effectively reduces their repayment burden by continuously lowering interest rates, extending loan periods, setting grace periods for principal repayment, and improving repayment assistance mechanisms.
Strengthen coordination and multi-party linkage in terms of operating mechanism.The national student loan work is a systematic project. All regions, departments, and units work closely together and coordinate according to the division of responsibilities to form a joint force.In terms of system design, the Ministry of Education, the Ministry of Finance, the People's Bank of China and the State Financial Supervision and Administration Bureau are responsible for formulating and continuously improving loan policies.In terms of policy implementation, education departments at all levels work together to manage the policy, and provinces, cities, counties, townships, villages, and schools coordinate with each other. More than 2,800 county-level funding management departments, nearly 3,000 universities, and 18 sponsoring banks across the country jointly participate. Village (neighborhood) committees, high schools, and secondary vocational schools effectively coordinate to ensure the orderly advancement and steady implementation of student loan work.In terms of financial security, the central finance and local finance will bear all interest while students are in school.At the same time, a risk compensation mechanism is established to encourage banks to actively participate in loan work and promote banks to continue to optimize loan services.
The management method is efficient and convenient, and the risks are controllable.Establish a full-chain management system before, during, and after the loan, coordinately improve service efficiency and risk prevention and control levels, and ensure the sustainable development of student loans.Before loan acceptance, through the pre-application method, the qualification determination and other work are moved to before high school graduation, which greatly shortens the on-site acceptance time.By sharing information about students from special groups across departments, we can achieve “more data and less errands for the masses”.When accepting loans, we adopt methods such as sinking acceptance points, appointment acceptance, door-to-door processing, and remote authorization of first loan co-borrowers to simplify student loan processing procedures to the greatest extent.At the same time, we will continue to open channels for problem reporting to answer students' questions and solve problems in a timely manner.When recovering loans, we must effectively manage and control post-loan risks, establish a regular contact mechanism, push targeted repayment reminders, and urge students to repay their loans in a timely manner and perform their obligations on schedule, so as to ensure that student loans can be “released and recovered”.
In 2025, 8.52 million students will receive national student loans, supporting thousands of students to study without worries.
At the same time, the country has established a student loan reimbursement mechanism to provide tuition loan reimbursement to students who are drafted into the army for military service, as well as graduates who have taken root in grassroots employment, guiding more students to integrate their personal ideals into the overall development of the party and the country's undertakings, and providing a large number of outstanding young talents for grassroots construction and national defense.
(CCTV reporters Pan Hongxu and Xu Hu)
