Abstract: Our locally-granted student loan,as a great project benefitting people,is the important content of aid policy system of our institutions of high learning. It is the effective means of embodying fairness and justice of education. Compared with the state-aided loan,it has unique advantages. But we should neglect the difficulties and problems appearing in the process of implementation. How to perfect locally-granted student loan and guarantee the sustainable development of the new loan policy is worth our concern.