Legal analysis: It is illegal for individuals to issue loans to college students. Only financial institutions approved by the State Council Banking Regulatory Authority can engage in loan business. However, if individuals borrow money from college students, it is a private lending behavior. As long as college students have full capacity for civil conduct, it is legal.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 680 It is forbidden to borrow at a high interest rate, and the lending rate shall not violate the relevant provisions of the state.

If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest.

If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.