The national development bank is responsible for the student loan, and then the specific entrusted bank is designated. For example, the banks that provide national student loans in Guangdong Province include ICBC, Agricultural Bank, China Bank, China Construction Bank and other joint-stock commercial banks, city commercial banks and rural credit cooperatives in Guangdong Province.

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. 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.