Recently, there has been good news regarding student financial aid policies: the Ministry of Finance has announced that it will work with relevant departments to adjust and improve university student financial aid policies in two steps, including increasing the scholarship award standards for undergraduate and junior college students in 2024, raising the national student aid subsidy standards for undergraduate and junior college students, increasing the support for national student loans, and increasing the scholarship award standards for graduate students and the national student aid subsidy standards for regular high schools in 2025. In recent years, China has continuously improved its student financial aid system, and the effectiveness of student financial aid work has been significant. On the one hand, continuous increase in investment, gradual improvement of funding standards, and continuous expansion of funding scale have laid a solid foundation for students from economically disadvantaged families to smoothly enroll and complete their studies. On the other hand, it has achieved full coverage of all stages from preschool education to graduate education, public and private schools, and economically disadvantaged students, especially in the higher education stage, realizing the "three no worries" for economically disadvantaged students before, during, and after enrollment. Further improving the student financial aid policy this time will help more students to study and grow with peace of mind. The methods of student financial aid have become more diverse, effectively reducing the economic burden on economically disadvantaged families and enhancing the sense of achievement of the people. At present, China has established a comprehensive funding system led by the government and actively participated by schools and society. Especially focusing on solving the academic problems of economically disadvantaged students, various financial aid policies such as national scholarships, national student loans, tuition fee reductions, living allowances, and work study programs complement each other, and the funding methods are more diverse, effectively promoting the rapid improvement of the economic security level of economically disadvantaged students. Data shows that in 2023, the national government will invest 93.2 billion yuan to support over 31 million university students; Through policies such as fiscal interest subsidies, support banks to issue 70 billion yuan in national student loans. The connotation of student financial aid continues to extend, emphasizing both poverty alleviation and rewarding excellence, actively expanding from guarantee based aid to development based aid. Increasing investment in human capital is the key to cultivating long-term new driving forces for China's economic development. The Ministry of Finance has clarified that it will increase the number of national scholarships for undergraduate, master's, and doctoral students, and raise the award standards for national scholarships and motivational scholarships for undergraduate and graduate students, reflecting China's high emphasis on cultivating top-notch innovative talents and focusing on cultivating skilled and professional talents. Enhancing the value of such "scholarship" policies is conducive to further motivating more outstanding students to study hard, strive for better grades, continuously improve their innovation awareness and ability, and contribute greater strength to the development of national science and technology and economy. Student financial aid is a long-term task. From the perspective of China's national conditions, the task of student financial aid is arduous and the road ahead is long. In the face of new situations and tasks, on the basis of further improving the policy system and increasing investment, there are still many aspects of work that need to be done. For example, in order to achieve precise funding, it is necessary to explore the establishment of a more comprehensive quantitative evaluation system, scientifically evaluate and accurately identify the beneficiaries, and continuously improve and perfect the funding distribution mechanism, so as to effectively handle good things and achieve precise assistance and full assistance; In terms of improving the effectiveness of education, we should create diverse and personalized funding and education platforms and models based on the different needs of different groups, further strengthen the spirit of innovation and practical ability, and promote the comprehensive development of students. Improving the student financial aid system will benefit both the present and the future. We should attach great importance to strengthening the financial function, and also gather the efforts of schools, families, and society to continuously update our concepts, expand our functions, and innovate our methods. We should continuously improve the scientific and precise level of funding policies, so that students can successfully achieve their academic dreams and better realize their life values. (New Society)