Hi, everybody. We're having a talk today about a student loan。

School loans, by definition, help those students who have a difficult family environment but who have excellent academic performance to complete their studies successfully. This is a policy to which my Government attaches great importance. Do you know how much money a student loan can lend? I'll explain it to you in detail. The rate of interest on State loans for study grants has been adjusted to cover the cost of school fees for students in higher military schools, the cost of school grants for school fees, the cost-reduction criteria for school fees, and the cost-remuneration rate for basic employment, as well as for school fees。

Specifically, students in this specialty can borrow up to $16,000 per year and graduate students up to $20,000 per year. The good news is that, starting with the fall term of 2023, full-time general undergraduate students, including those with a second bachelor ' s degree, senior and preparatory students, can borrow up to $16,000 per person per year. The amount of the loan per person per full-time graduate is raised to a maximum of $20,000 per year. It will be recalled that the first application for a State loan for study grants gives priority to the payment of school fees and accommodations during school hours, while the remainder can be used to cover daily living expenses。

IN ADDITION, SOME ADJUSTMENTS HAVE BEEN MADE TO THE INTEREST RATES OF STATE LOANS FOR STUDY ASSISTANCE. SPECIFICALLY, THE INTEREST RATE ON THE NATIONAL STUDENT LOAN WILL BE ADJUSTED FROM 30 TO 60 THE LPR RATE FOR THE SAME-SEGMENT LOAN MARKET OFFER FOR THE SAME PERIOD. THIS POLICY ALSO APPLIES TO THE PREVIOUS LPR REFERENCE FLOATING INTEREST RATE LOANS. THUS, BEFORE APPLYING FOR A STUDENT LOAN, YOU NEED TO KNOW SPECIFIC LOCAL POLICIES, INCLUDING IMPORTANT INFORMATION ON THE TERMS OF APPLICATION, THE AMOUNT OF THE LOAN, THE MANNER OF REPAYMENT, THE DURATION OF REPAYMENT AND INTEREST RATES。

Prior to the signing of a loan contract, it was important to carefully read the terms of the contract and to confirm that they were able to pay in full and on time in order to avoid unnecessary disputes or debt problems that might arise。