Group 1 - The Ministry of Education's National Student Financial Aid Center issued a warning about "student loan processing" scams, particularly during the peak period for local credit student loan applications [1][2][3] - Scammers are infiltrating student loan consultation groups on platforms like QQ and WeChat, posing as staff to defraud students [2][3] - Previous warnings were issued earlier this year regarding "student loan repayment" scams and illegal "campus loans" [1][4] Group 2 - The center advises students to be cautious and not to accept friend requests from strangers, emphasizing that the national student loan process does not require any fees or transfers [3][4] - Reports indicate that two students were scammed out of 3,500 yuan by fraudsters posing as loan facilitators [3][4] - Local police have shared common scam tactics, including impersonating officials and creating urgency through misleading statements [4] Group 3 - The national student loan program is government-led, providing credit loans to economically disadvantaged students for tuition and living expenses [5][6] - The maximum loan amounts have been increased: from 16,000 yuan to 20,000 yuan for undergraduates and from 20,000 yuan to 25,000 yuan for graduate students starting from the 2024 academic year [5] - Loan terms include a repayment period of up to 22 years, with interest rates set at 70 basis points below the market rate [5][6] Group 4 - The student loan program includes both local credit loans and campus-based loans, with specific eligibility criteria for applicants [6][9] - Students must not have outstanding loans to act as co-borrowers for others, and those under 16 require a guardian as a co-borrower [7] - Repayment schedules vary, with no payments required during the study period and structured repayments starting after graduation [8] Group 5 - Banks require cooperation with specific universities to process student loans, and students can only apply for one type of loan per academic year [9][11] - Students are advised to verify loan details through official channels and not to engage in any transactions requested via phone or online [11]