The research findings have made it clear that Chinese college student aid policy has several characteristics. Generally speaking, student financial aid is increasing up to some extent. The government financial aids focus mostly on improving equality of educational opportunity in higher education. However, aids from the government are inadequate, especially national student loans. Besides, all kinds of aids were decreasing from 2004 to 2006 and the aid programs were short of stability between various years. In order to improve equal access to higher education through student aid policy, it is necessary to enlarge the government aids and reform the aid system.