Under the condition of socialist market economy, the State Council and the CPC Central Committee used financial means to improve the financial aid policy system of ordinary colleges and universities in China and increase the financial aid for students from poor families in ordinary colleges and universities. Borrowing students can apply for loans from the bank through the school to make up for the lack of accommodation, tuition and living expenses during their school days, and they need to repay them in installments after graduation. 1999, the national student loan pilot project was officially launched in eight cities including Tianjin, Han, Beijing, Shenyang, Chongqing and Xi' an.

If you are a full-time undergraduate, junior college student, vocational college student, graduate student or second bachelor's degree student in an ordinary university, you must meet five conditions before you can apply for a national student loan, that is, study hard and complete your studies normally; Having full capacity for civil conduct; Family financial difficulties; Persons with China nationality who have reached the age of 16 must hold Chinese identity cards, be honest and trustworthy, and have no illegal acts.