The introduction of this measure is expected to reduce interest by 2.44 billion yuan and benefit approximately 5.5 million college graduates. It will help alleviate the financial and employment pressure of loan students, help students maintain their personal credit records, and promote their smooth employment.
Students with loans do not need to apply, and the sponsoring bank will handle it directly. The interest on national student loans during school is fully subsidized by the government, and can be paid from the available stock funds of national student loan risk compensation funds.