The national student loan is an important measure taken by the CPC Central Committee and the State Council to improve the financial aid policy system of ordinary colleges and universities in China and increase the financial aid for poor students in ordinary colleges and universities under the conditions of socialist market economy. The national student loan is a bank loan led by the government, subsidized by the government, and operated by banks, education administrative departments and universities to help poor students in colleges and universities. Borrowing students do not need to apply for loan guarantee or mortgage, but they need to promise to repay on time and bear relevant legal responsibilities. Borrowing students apply for loans from the bank through the school to make up for the lack of tuition, accommodation and living expenses during their studies at school, and repay them in installments after graduation.

According to the standard of no more than 6000 yuan per person per academic year, the total amount is determined by multiplying the number of years required for normal completion of studies by the amount required for that academic year. The specific amount is determined by the borrower's school according to the total amount of school loans, tuition fees, accommodation fees, living standards, students' difficulties and other factors.