In order to guide and encourage college graduates to work in the grassroots level of western regions and remote and hard areas, in September 2006, the Ministry of Finance and the Ministry of Education jointly issued the "Interim Measures for the Repayment of National Student Loans for College Graduates". Starting from 2006, for full-time ordinary college graduates of central departments who voluntarily work in grassroots units in western regions and remote and hard areas, and whose service period reaches more than 3 years (including 3 years), the principal of their national student loans during their school years and the interest generated before full repayment will be repaid on their behalf by the central finance.
According to the functional division of labor of the State Council, the research and formulation of tax preferential policies for college students' entrepreneurship is mainly led by the Ministry of Finance and the State Administration. The loan preferential policies are mainly led by the People's Bank of China and the Banking Regulatory Commission. It is understood that the tax and loan preferential policies to encourage college students' entrepreneurship are being studied and formulated.