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Do universities need to apply for financial aid every year? Or just apply once?
Well, you have to apply every year, which is also fair. The quota is limited. Some people can't evaluate it, so they have to do it next time. And grants are also linked to their grades. Once they fail or re-study, the grants will be downgraded or stopped directly.

Therefore, the university can't fail, but also need to study hard. The target of funding is people with excellent academic performance and poor families.

Extended data;

In order to show the concern of the Party and the government for poor students from ordinary undergraduate colleges and higher vocational schools and help them complete their studies smoothly, according to the State Council's Opinions on Establishing and Perfecting the Financial Aid Policy System for Poor Students from Ordinary Undergraduate Colleges, Higher Vocational Schools and Secondary Vocational Schools (Guo Fa [2007]13), the national financial aid policy is implemented.

State grants are used to finance students with financial difficulties among full-time undergraduates (including higher vocational and second bachelor's degrees) in colleges and universities.

The number of state grants for central universities shall be determined by the Ministry of Finance in consultation with relevant departments. The number of national grants for local colleges and universities is determined by the provinces (autonomous regions and municipalities directly under the Central Government) according to the total number of people determined by the Ministry of Finance and the Ministry of Education, as well as the number, category, educational level, education quality, number of college students, student source structure and other factors. In the allocation of national scholarships, universities for nationalities and universities with special disciplines such as agriculture, forestry, water, minerals, oil and nuclear need to be properly tilted.

State subsidies are jointly funded by the central and local governments. The funds required for state grants in universities affiliated to the central departments shall be borne by the central finance. The funds needed for state grants in local colleges and universities shall be shared by the central and local governments in proportion according to local financial resources and students.

The state encourages all provinces (autonomous regions and municipalities directly under the Central Government) to increase their financial assistance to students from poor families, and the central government will give appropriate subsidies to the funds needed for state grants exceeding the total amount approved by the central government.

Funding criteria and application conditions

State grants mainly support the living expenses of students from poor families. The average subsidy standard of state grants is 2000 yuan per student per year, and the specific standard is determined within the range of 1000-3000 yuan per student per year, which is divided into 2-3 grades. The classification and specific standards of state grants for central universities are determined by the Ministry of Finance in consultation with relevant departments, and those for local universities are determined by provinces (autonomous regions and municipalities directly under the Central Government).

Scholarships for undergraduates, postgraduates, doctoral students, advanced students in China, ordinary advanced students and advanced advanced advanced students can be applied to the government departments, relevant institutions or Chinese embassies in the host countries, and the application time is generally from February to April each year.

The ways and means of applying for other special scholarships are as follows:

The Great Wall Scholarship can be applied to UNESCO headquarters in China through UNESCO, and the application time is from February to April every year;

Scholarships for outstanding students can be applied to CSC through their schools, and the application time is from April to June every year;

The HSK winner Scholarship can be applied to CSC through the organizer of HSK examination or embassies and consulates in China, and the application time is from February to April every year;

China cultural research projects can be applied to CSC at any time through embassies and consulates in China or cooperative universities and scholars.

Short-term training programs for foreign Chinese teachers can be applied to CSC through China embassies and consulates abroad, and the application time is usually from February to April every year.

References:

Baidu encyclopedia-grants for poor students