China began to implement the charging policy for postgraduate students in 2014. Various universities at all levels have formulated a scholarship and stipend system for postgraduate students, which is in line with the needs of schools in talent training along with the spirit of relevant documents of the Ministry of Education and the actual situation of the schools. This study investigates and analyzes the advantages and disadvantages of the postgraduate funding by Wuhan University of Science and Technology. This article then provides advice for the reform of the scholarship and stipend system from improving the precision funding system, to increasing funding, to expanding the scope of postgraduate funding, and standardizing the treatment of deferred postgraduate students in hope that it would provide a basis for the funding system and provide guarantee for postgraduate students to complete their studies successfully.
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