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Compensation of interest for students in common universities and colleges
(01/15/2003)

Transaction authority: Students' Affairs Office of Shanghai Education Commission
Application procedure: 1. personal ID card. 2. book of registered permanent residence. 3. Enrollment Notification. 4. certification of payment. 5. application for loan. 6. other valid certifications
Transaction procedure: 1. University or college students in Shanghai get application form of the compensation of interest from relevant school department, while those in other places will download the application form from SHERNET. 2. The school department concerned will gather all application forms and submit them to Students' Affairs Office of Shanghai Education Commission, together with necessary evidence. 3. After the examination and approval by Students' Affairs Office of Shanghai Education Commission, Finance Section of Shanghai Education Commission will transfer the special fund to school accounts or suitale banks. 4. The students will get the form of compensation of interest with the evidence of repayment sheet.
Charging standard and basis: none
Submitted to: Shanghai Education Commission
Address of transaction: 500 Shannxi Road North, Shanghai
Basis of transaction: "Notification on the Transfer of the Management Regulation (Trial) for National Loan for Study Assistance Stipulated by China People's Bank etc. Departments" (No 58, General Office of State Department [1999]) released by General Office of State Department.
Contact line: 62563010-454
Time of transaction: 9:00-17:30 at every working day
Time limit: Beginning of a new semester
Applicant's qualification: 1. With total civil capacity (with written consent by the legal curator for those under 18). 2. Without violation against laws and regulations. 3. With good academic achievement. 3. With good health condition. 4. With good ethic of honesty and faith-keeping. 6. With required guaranty.