China News Service, September 10. According to the Ministry of Finance website news, recently, the Ministry of Finance, the Ministry of Education, the People's Bank of China, and the China Banking Regulatory Commission jointly issued the "Notice on Further Improving the National Student Loan Policy."
The notice mentioned that full-time general undergraduate and junior college students (including second bachelor's degree, higher vocational students, and preparatory students, the same below) will increase the loan amount each year from no more than 8,000 yuan to no more than 12,000 yuan; each full-time graduate student The annual loan limit will be increased from no more than 12,000 yuan to no more than 16,000 yuan.
The notice pointed out that students should apply for the national student loan line according to the actual situation. The national student loan applied for should be used to pay for the tuition and accommodation fees during the school period, and the excess can be used to make up for daily living expenses.
The national student loan undertaking bank shall strengthen the review of the loan and its scope of use, and reasonably determine the amount of student student loan.
All colleges and universities should guide students to be diligent and thrifty, strive to apply what they have learned, and enhance their ability to find employment and serve the country and serve the society.
The notice clearly states that the China Development Bank will continue to undertake the work of credit student loans in the student source area, and encourage other banking financial institutions to carry out the student source credit student loan business.
The risk compensation ratio is determined at 5% of the loan amount in the current year.
The proportion of risk compensation will be adjusted in due course according to the economic and social development.
The risk compensation fund is shared by the central and local governments, and the specific sharing ratio is implemented in accordance with the reform plan for the division of central and local fiscal powers and expenditure responsibilities in the education field.
In addition, the risk compensation fund received by the China Development Bank should be recognized as deferred income. When the credit student loan loss of the student source is to be written off, it shall be included in the current profit and loss; the credit student loan loss of the student source that has been written off will be recovered later , The deferred income will be reversed accordingly.
If the risk compensation is lower than the student's credit student loan loss, the insufficient part will be borne by the China Development Bank; if it exceeds the student's credit student loan loss, the excess part will be refunded by the China Development Bank in accordance with the regulations.
The relevant accounting treatment shall be implemented in accordance with the unified national accounting system.
The China Development Bank shall formulate measures for the verification of loan losses in accordance with relevant state regulations, and report to the Ministry of Finance, the Ministry of Education, the People’s Bank of China, and the China Banking Regulatory Commission for the record.
The measures for the management of risk compensation funds shall be revised by the Ministry of Finance and the Ministry of Education in accordance with this notice.
The notice also mentioned that the stock of risk compensation funds shall be calculated in accordance with the principle of accounting by provinces (autonomous regions, municipalities directly under the Central Government, and cities under separate plans, the same below), and shall be used in a coordinated manner to pay for the credit discounts for student loans in the source area that shall be borne by the central and local finances in the following years , Until the risk compensation fund stock size drops to 5% of the loan balance of the year.
Provincial finance and education departments shall report the use of the previous year’s risk compensation fund stock funds and the current year’s risk compensation fund stock funds for interest discount budget arrangements to the Ministry of Finance and the Ministry of Education for the record before January 31 of each year, and send a copy to the whole country Student Financial Aid Management Center.
Where the credit student loans in the source area handled by other banking financial institutions other than the China Development Bank implement deferred income management and have risk compensation funds in stock, the risk compensation funds in stock funds shall be managed and used in accordance with the above methods.
The notice proposes that if other banking financial institutions carry out credit student loans in the source area, the management of risk compensation funds shall be determined by the provincial finance, education, People’s Bank, Banking and Insurance Regulatory departments and the financial institution based on the actual situation. Credit student loans in the source area The part of the loss exceeding the risk compensation shall be borne by the financial institution.
The central treasury shall bear the risk compensation funds of the credit student loans in the provinces’ source of students at a rate not higher than 5% of the amount of loans incurred in the current year and the prescribed share ratio, and the part exceeding 5% shall be borne by the local treasury itself.
Provinces that have already launched credit student loans for student sources with other banking financial institutions should strengthen communication and consultation with relevant financial institutions to ensure the smooth and orderly development of credit student loans for student sources.